浙江禾川科技股份有限公司

Core Viewpoint - The company has decided to terminate the establishment of a joint venture due to changes in the macroeconomic environment and the financial performance of its partner, Zhejiang Hechuan Technology Co., Ltd. [1][2] Group 1: Reasons for Termination - The joint venture was initially planned but faced significant changes in the cooperation environment due to the macroeconomic situation in 2024, leading to a shift from profit to loss for Hechuan Technology in the first half of 2024 [2] - Financial assessments indicated a high likelihood of substantial losses in the early stages of the joint venture, prompting both parties to agree to postpone the establishment until market conditions improve [2] - The photovoltaic industry has not shown fundamental improvement, and the company continues to face significant external investment pressures [2] Group 2: Impact of Termination - The joint venture has not yet been established, and the company has not made any actual capital contributions, meaning the termination will not have a substantial impact on its development strategy or financial status [3] - There are no adverse effects on the company's operations or the interests of minority shareholders as a result of this decision [3] Group 3: Review Procedures - The independent directors held a special meeting and agreed that terminating the joint venture aligns with the company's development plans and will not negatively impact operations or shareholder interests [4] - The board of directors and the supervisory board have both approved the termination, ensuring that the process followed legal and regulatory requirements [5][6] - The sponsoring institution has confirmed that the termination of the joint venture complies with necessary legal procedures and does not harm the interests of the company or its shareholders [6][7]