Gelonghui, December 10 | Longji Green Energy (601012.SH) announced that based on the current cyclical adjustment of the imbalance between supply and demand in the photovoltaic industry and the uncertainty of the supply-side production capacity clearance time, combined with the company's development strategy and the actual operating situation at this stage, if the company continues to push forward the implementation of the Wuhu (Phase II) project with an annual output of 15 GW of monocrystalline modules, there will be uncertainty about project benefits in the short term. After a comprehensive assessment, the company plans to postpone construction of the Wuhu (Phase II) monocrystalline module project with an annual output of 15 GW without changing the investment content, total investment amount, and implementing entity of the fund-raising project, so that the entire project can be used until June 2026. In the future, the company will pay close attention to changes in national policies and the PV industry market environment, and make timely and reasonable arrangements for the capital investment.
The re-verification and deferral of implementation of some of the fund-raising investment projects is a prudent decision made by the company based on the actual progress of the project, the current macroeconomic background of the photovoltaic industry mismatch between supply and demand, and the needs of the company's development. The extension of this fund-raising project only involves changes in the time the fund-raising project has reached the scheduled state of use. There is no change in the investment content, total investment amount, or implementing entity of the fund-raising project. It complies with relevant regulations such as “Listed Company Supervisory Guidelines No. 2 - Regulatory Requirements for Listed Companies” and “Shanghai Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Standardized Operation”, and will not have a significant adverse impact on the normal operation of the company. There are no circumstances that harm shareholders' interests and the company's ability to maximize shareholders' interests and the ability of the company to raise funds Continued healthy development.
