A · Important
[Junda Shares: Termination of Oman’s 5GW high-efficiency battery project] On November 12, Junda Shares (002865.SZ) announced that the company has decided to terminate the Oman 5GW high-efficiency battery production base project with an annual output. Since the establishment of the project, due to factors such as the intensification of international trade frictions, rising geopolitical uncertainty in the Middle East, and changes in photovoltaic technology export policies, it no longer meets the conditions for continued implementation. The balance of the H-share raised funds originally planned to be used for the project is HK$963 million, which is planned to be used for photovoltaic cell product research and development, technology upgrades and production line transformation, strategic procurement of raw materials and supplementary working capital. The change still needs to be submitted to the shareholders' meeting for review.
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