GCLSI(SZ:002506) Shang Hai Zheng Quan Bao·2025-10-24 20:21Core Viewpoint - The company has decided to terminate its plan for a private placement of shares to specific investors due to the cyclical and structural adjustments in the photovoltaic industry, focusing instead on enhancing its core competitiveness through technological innovation and market expansion [3][8][10]. Summary by Sections Termination of Private Placement - The company held its 17th meeting of the 6th Board of Directors on October 24, 2025, where it unanimously approved the termination of the private placement of shares to specific investors [3][9]. - The decision was made in light of the current adjustments in the photovoltaic industry, allowing the company to concentrate resources on technology innovation and improving product performance [8][10]. Background of the Private Placement - The company had previously approved several resolutions regarding the private placement of shares during meetings held on December 9, 2022, December 26, 2022, March 2, 2023, and subsequent meetings [4][5][6][7]. Reasons for Termination - The company cited the need to adapt to the cyclical and structural changes in the photovoltaic industry as the primary reason for terminating the private placement [8]. - The focus will shift towards enhancing core competitiveness and promoting sustainable development within the industry [8][10]. Impact of Termination - The termination of the private placement is not expected to adversely affect the company's normal operations or long-term development [10]. - The company aims to transition from horizontal expansion of production capacity to vertical enhancement of development quality, emphasizing technology-driven growth and innovation [10].