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HNAC Acquires EGCLET for A Further Development in Photovoltaic New Energy

Recently, Shenzhen Qianhai HNAC Investment Management Co., Ltd. (hereinafter referred to as “Qianhai HNAC”), a wholly-owned subsidiary of HNAC Technology Co., Ltd. (hereinafter referred to as “HNAC”), and Hunan Gelaite New Energy Development Co., Ltd. (hereinafter referred to as “EGCLET New Energy”) held an investment agreement signing ceremony in HNAC Lugu Industrial Park. Qianhai HNAC makes strategic investment in EGCLET New Energy and holds its 51% shares.

signing ceremony scene

Mr. Wenbao Huang, Board Chairman of HNAC and Executive Director of Qianhai HNAC; Mr. Haijun Deng, Supervisory Board Chairman of HNAC and General Manager of HNAC Power Distribution Co., Ltd.; Mr. Pengfu She, Director & Vice President of HNAC, General Manager of HNAC Electrical and Mechanical Engineering Department; Mr. Hongfei Chen, CFO of HNAC; Mr. Ruiping Jin, Executive Director & General Manager of EGCLET New Energy; Mr. Shuo Yang, Vice General Manager of EGCLET New Energy and other related personnel attended the signing ceremony.

the investment agreement signing ceremony

At the signing ceremony, Mr. Wenbao Huang warmly welcomed EGCLET New Energy’s participation in HNAC, and briefly introduced the basic situation of HNAC. Over the years, HNAC has been focusing on R&D and operation of automation and informatization systems. Currently, the company’s automation, information products and technologies are widely used in water conservancy and hydropower, intelligent power distribution, industrial control, environmental protection and photovoltaic new energy etc fields. Hope the cooperation with EGCLET New Energy could use their respective advantages in photovoltaic new energy to help both parties achieve better development in the field of photovoltaic new energy.

Mr. Ruiping Jin introduced EGCLET New Energy in detail, and EGCLET New Energy has been committed to the design, construction,system integration and EPC service of new energy photovoltaic power station. Since its establishment, the company has completed many demonstration projects including Ningxiang Industrial Park of Sany Heavy Industry, Jiuhua Industrial Park of Wasion, TIDFORE Heavy Equipment Group, State Power Investment Xinhua Mulberry etc; and has had a good market reputation and popularity in Hunan Province. Mr. Ruiping Jin highly expects for the cooperation between the two parties, and hopes to enhance EGCLET New Energy’s market competitiveness using HNAC’s R&D capabilities, management experience and brand influence, to expand EGCLET New Energy.

In the end, the two sides carry a deeply discussions and exchanges on follow-up development, management synergy and market development etc. Both indicated that they will communicate with each other in the future and achieve mutual benefits.

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