天能电池集团股份有限公司

Project Investment Plan - The project named "Large Lithium Battery R&D Platform Construction" has a total planned investment of 140.2931 million RMB, aimed at enhancing the company's technological innovation capabilities and resource allocation [1] - The project involves acquiring 100% equity of Huzhou High-tech Intelligent Terminal Co., Ltd. and constructing a research and development platform on its existing site, which covers 30 acres with a building area of approximately 22,000 square meters [1] - The construction period is set for 2 years, with plans to build a research building, testing laboratory, system R&D center, and other supporting facilities [1] Actual Investment Situation - As of October 31, 2025, the project has not utilized any raised funds, with a remaining balance of 146.2636 million RMB, including interest [2] Project Termination Reasons - The company decided to terminate the project due to the current macroeconomic situation, industry trends, and strategic planning, focusing on optimizing resource allocation and enhancing fund utilization efficiency [2][4] - The company has established a multi-layered, high-level R&D platform matrix, which includes national recognized technology centers and engineering research centers, supporting a comprehensive research system from basic research to application development [2][4] R&D Focus and Product Ecosystem - The company is focusing on key areas such as energy storage and green travel, developing a comprehensive product ecosystem from battery cells to system solutions [3] - In the energy storage sector, the company has launched high-capacity long-cycle storage battery cells and efficient temperature control systems to meet new power system needs [3] - The product matrix includes high-safety soft-pack batteries and cylindrical batteries for various short-distance travel and logistics scenarios [3] Resource Optimization and R&D Efficiency - The decision to terminate the project allows for the integration of R&D tasks into the existing platform matrix, maximizing resource utilization and collaborative efficiency [4][6] - The company has built a diversified R&D model that combines independent core R&D with collaborative innovation, effectively integrating external high-end intelligence and innovation resources [6] Response to Macroeconomic Changes - In the current volatile macroeconomic environment, the company emphasizes cost reduction and efficiency improvement as key to survival and development [7] - Continuing with the original plan would incur high acquisition costs and operational expenses, which contradicts the company's strategy of focusing on core capacity and optimizing resource allocation [7] Impact of Project Termination - The termination of the project and the permanent allocation of remaining funds to supplement working capital will not adversely affect the company's normal operations or business development [9] - This adjustment is seen as a reasonable decision based on business conditions, enhancing the efficiency of fund utilization and optimizing resource allocation [9] Approval and Decision-Making Process - The board of directors and the supervisory board have approved the termination of the project and the reallocation of funds, which will be submitted for shareholder approval [10][11] - The upcoming shareholder meeting is scheduled for December 19, 2025, to discuss and vote on the matter [15]