Huicheng Technology cooperates with Chongqing Bishan Government and Sinopec to promote the development of charging pile business.

On the evening of June 25th, Huicheng Technology (002168) issued an announcement saying that The company intends to jointly invest with Sinopec sales Co., Ltd. (hereinafter referred to as "Sinopec sales Corporation"), Chongqing Lvfa Asset Management Co., Ltd. (hereinafter referred to as "Chongqing Lvfa") and its holding subsidiary Zhongxin Hefu (Chongqing) Equity Investment Fund Management Co., Ltd. (hereinafter referred to as "Zhongxin Hefa") jointly invest in the establishment of Chongqing Sinopec Huifa Integrated Energy Co., Ltd. (provisional name, According to the company's audit name and registration, hereinafter referred to as the "joint venture company"), to build a comprehensive energy station project of "Oil and Gas Electric hydrogen Service" in Bishan District, Chongqing.

According to the announcement, the registered capital of the joint venture is 50 million yuan, of which Sinopec sales Company contributes 20 million yuan in currency, accounting for 40%; the company and Chongqing Lvfa each contribute 10 million yuan in currency, with a contribution proportion of 20%. After the signing of this agreement, the fund initiated by Sinopec will contribute 10 million yuan in currency, with a contribution proportion of 20%. The joint venture company is controlled by Sinopec sales Corporation.

Huicheng Technology said that the company continues to be optimistic about the market prospect of fast charging infrastructure construction for new energy vehicles, and with the strong support of relevant national policies, charging infrastructure construction is expected to usher in sustained and rapid development. The purpose of the company's overseas investment in setting up a joint venture company is to give full play to the industrial advantages of all parties through cooperation with Sinopec and Chongqing Lvfa to build a comprehensive energy station project of "Oil and Gas Electric hydrogen Service" in Bishan District of Chongqing. integrate the superior resources of all parties, comply with the trend of industrial development, and cultivate new business growth points of the company.

On the same day, in order to seize the strategic opportunity of the Shuangcheng economic circle in Chengdu and Chongqing and jointly promote multi-level and omni-directional cooperation in new energy and new infrastructure, Huicheng Technology announced that it planned to sign a "Strategic Cooperation Tripartite Agreement" with the people's Government of Bishan District of Chongqing and the Chongqing Branch of Sinopec sales Company. The three parties reached a preliminary strategic cooperation intention in the areas of building a comprehensive energy service body, planning and layout of the energy industry, and launching exclusive cooperation in the field of charging pile applications.

Huicheng Technology said that if this strategic cooperation agreement is successfully signed, it will help to promote the healthy development of the company's new energy charging pile business, and further enhance the company's core competitiveness and sustainable profitability.

It is understood that Huicheng Technology's main business is electrical business and investment business, big data fine marketing flow management business and mobile game research and development, distribution and game platform operation and other information technology business.

In recent years, Huicheng Technology has seized the market opportunity and laid out the charging business. In August 2020, the company plans to raise no more than 1.177 billion yuan in private A-share shares for transmission and distribution equipment informatization, intelligent technological transformation and capacity expansion construction projects, super DC intelligent charging pile R & D and production projects. Electroweb smart chip R & D and industrialization construction projects and supplementary liquidity.

In February this year, Huicheng Science and Technology signed an "Industrial Project Investment contract" with the government of Bishan District, Chongqing Municipality. The two sides further promoted the development of the company's high-end intelligent manufacturing plate, promoted the development of the charging pile industry in Bishan District and Chongqing, and reached a cooperation intention to achieve win-win and mutually beneficial results. According to preliminary estimates, the total planned investment of the project is about 300 million yuan.

In order to speed up the landing of the high-speed intelligent charging pile project in Bishan District, Huicheng Technology registered and established a wholly-owned subsidiary, Chongqing Huicheng Future Intelligent Electric Co., Ltd., in Bishan District on March 23 this year, with a registered capital of 20 million yuan.

In order to further promote the industrial upgrading and development of the company, on May 18, Huicheng Technology and its wholly-owned subsidiary Kashgar Zhonghui Lianyin planned to sign the "Chongqing Green Energy Phase I Private Equity Fund Partnership (Limited Partnership)" with Zhongxin Hefu and Chongqing Lvfa. All parties plan to jointly invest in the establishment of Chongqing Green Energy Phase I Private Equity Fund Partnership (Limited Partnership), with the partnership subscribing for 100 million yuan. The industrial fund platform can be used to invest in electric vehicle charging stations.

Battery Network noted that on May 12, Zhongchi Huicheng, a controlling shareholder of Huicheng Technology, planned to transfer about 8.77% of its shares in the company to Chongqing Lvfa after being ordered by the court to repay the debt with shares due to shareholder debt problems. After the completion of the transfer, Chongqing Lvfa and its actors will hold a total of 13.13% of the shares of the company, Chongqing Lvfa will become the controlling shareholder of the company, and Chongqing Bishan District Finance Bureau will become the actual controller of the company.

On June 4, Huicheng Technology announced that in view of the uncertainty in the mode of transfer of the agreement, the agreement on the termination of share transfer was agreed by all parties to the transaction, and the entry of Chongqing Lvfa into the main Huicheng Technology was also suspended.

After the failure of Huicheng Technology, Chongqing Lvfa's companies quickly raised their cards. On June 15, Huicheng Technology announced that from December 30, 2020 to June 15, 2021, Lvfa Urban Construction (Chongqing Lvfa wholly-owned Holdings) increased its stake in the company through centralized bidding and bulk trading, accumulating 40.0974 million shares, accounting for 5% of the company's total share capital, reaching the licensing line.