Will Hairun Photovoltaic be listed on the North Stock Exchange?

According to the analysis of the North Exchange, Hairun will be listed in the direct IPO of the North Exchange. Hairun Photovoltaic is the brand of Hairun Photovoltaic Technology Co., Ltd., and Hairun Photovoltaic advocates and devotes itself to developing green, clean and renewable energy. It is one of the largest manufacturers of crystalline silicon solar cells and modules in China, providing global vertical integration of solar photovoltaic production and services. The company focuses on the production and sales of high-end R&D, silicon rods, silicon wafers, batteries and components, as well as the investment and operation of solar power stations.

Hairun Photovoltaic Technology Co., Ltd. (SSE code: 60040 1) currently has a number of holding and shareholding companies; Jiangsu and Anhui have five production bases, namely Jiangyin Hairun Solar Power Co., Ltd., Autes Weir Energy (Taicang) Co., Ltd., Hefei Hairun Photovoltaic Technology Co., Ltd., Jiangyin Xinhui Solar Energy Co., Ltd. and Taicang Hairun Solar Energy Co., Ltd.; Companies have been established in the United States, Germany, Switzerland, Italy, South Korea, Japan and Australia, and 12 domestic and foreign photovoltaic power station project companies have been established by means of sole proprietorship or equity participation, with networks all over the world.

1. Holding refers to controlling a company by holding a certain number of shares. Usually, an institution holding more than 50% shares is enough to control the company's business activities. In fact, there are two kinds of holdings, which are divided according to the shareholding ratio of another company.

(1) Absolute holding means that the capital contribution of shareholders accounts for more than 50% of the total capital of a limited liability company or the shares they hold account for more than 50% of the total capital of a joint stock limited company.

(2) Relative Holding Relative Holding refers to the fact that in the total paid-in capital of an enterprise, although the proportion of paid-in capital (share capital) owned by an investor does not exceed 50%, it has actual control over the enterprise according to the agreement (agreement holding); Or relatively greater than the proportion of any other investor (relative holding).

2, the former refers to the absolute advantage in shares, must be above 50%. The latter means that although it does not reach 50%, it belongs to the relative majority among many shareholders, that is, relative holding. Simply put, shareholders own more than 50% of the shares of the enterprise or account for the largest proportion of the shares although the shares are below 50%, so they can gain the right to influence and control the business activities of the enterprise.