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[Shandong Electric Power: Plans to Use RMB 55 Million of Raised Funds to Change Investment in the "Shandong Electric Power Distributed Power Generation, Grid-Load and Energy Storage System R&D and Industrialization Upgrading Project"] Shandong Electr

2026-06-29

[Shandong Electric Power: Plans to Use RMB 55 Million of Raised Funds to Change Investment in the "Shandong Electric Power Distributed Power Generation, Grid-Load and Energy Storage System R&D and Industrialization Upgrading Project"] Shandong Electric Power announced that at its fifth meeting of the fourth board of directors held on June 29, 2026, it reviewed and approved the "Proposal on Changing Some Investment Projects Funded by Raised Funds." To align with the company's latest business development strategy and actual business needs, the company plans to change the investment project funded by its initial public offering (IPO) proceeds, namely the "Shandong Electric Power Distributed Power Generation, Grid-Load and Energy Storage System R&D and Industrialization Upgrading Project," by allocating RMB 55 million of unused raised funds from that project to the new project. Industrial Securities Co., Ltd. issued a verification opinion with no objection.

Other News
2026-06-29

South Korea plans to build 18.4 GW of AI data-center capacity by 2035, foreign media reported. Phase one: SK Group, GS Group and Naver will invest 550 tln won to build 8.4 GW by 2029; SK’s share in phase one is 5 GW. Phase two: SK plans to expand its

South Korea plans to build 18.4 GW of AI data-center capacity by 2035, foreign media reported. Phase one: SK Group, GS Group and Naver will invest 550 tln won to build 8.4 GW by 2029; SK’s share in phase one is 5 GW. Phase two: SK plans to expand its AI data-center capacity from 5 GW to 15 GW by 2035.
2026-06-29

Yuanta Fund: It is expected that capital expenditure on artificial intelligence will grow by more than 30% in 2026, reaching a year-on-year growth of 88%.

Yuanta Fund: It is expected that capital expenditure on artificial intelligence will grow by more than 30% in 2026, reaching a year-on-year growth of 88%.
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