Envision Energy Establishes New Energy Storage Subsidiary and CoSets Up RMB 750 Million New Energy Fund

According to EnergyTrend, Henan Mingrong Energy Storage Co., Ltd. was officially founded on April 29, with Envision Energy holding 100% equity in the new entity.

Data from Qichacha shows the new company has a registered capital of RMB 1 million, with Bi Baobao as its legal representative. It is registered in the Zhengzhou Hightech Industrial Development Zone, Zhengzhou City, Henan Province.

Its business scope covers energy storage technical services, sales of newenergy prime movers, windfarmrelated equipment sales, and wind power technical services. The firm focuses on businesses related to newenergy sectors including energy storage and wind power.

Notably, apart from the whollyowned new energy storage subsidiary, Qichacha records also indicate that Shenzhen Zhaohuayuan PhaseI Infrastructure Private Equity Investment Fund Partnership (Limited Partnership) was set up on April 28. The fund has a contribution of RMB 750 million, engaging in privateequitybased equity investment, investment management, and asset management activities.

Equity penetration data from Qichacha reveals the fund is jointly held by multiple entities:

• Stateowned Shenzhen Zhaorong No.1 Infrastructure Private Equity FOF Partnership (Limited Partnership): 77.0000%
• Envision Energy Co., Ltd.: 14.8667%
• China Merchants Capital Holdings Co., Ltd.: 7.8667%
• Envision Venture Capital (Hainan) Co., Ltd.: 0.1333%
• Shenzhen Guoxie No.5 Investment Co., Ltd.: 0.1333%

Source：EnergyTrend