BRIEF-Central New Energy Announces Entering Into Investment Cooperation Agreement

Reuters01-11

Jan 11 (Reuters) - Central New Energy Holding Group Ltd

:

* VOLUNTARY ANNOUNCEMENT IN RELATION TO ENTERING INTO OF AN INVESTMENT COOPERATION AGREEMENT

* PARTIES TO AGREEMENT PLAN TO JOINTLY DEVELOP A ZERO-CARBON PARK IN HUAINAN HI-TECH INDUSTRIAL DEVELOPMENT ZONE

* TOTAL AMOUNT OF INVESTMENT FOR CONSTRUCTION PROJECT IS EXPECTED TO BE RMB1 BILLION

* REGISTERED CAPITAL OF PROJECT COMPANY IS TENTATIVELY RMB400 MILLION

* HUAINAN HIGH-TECH INVESTMENT, HUAINAN ECONOMIC DEVELOPMENT, AMONG OTHERS ENTERED INTO INVESTMENT COOPERATION AGREEMENT

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