Xin Lang Cai Jing·2025-11-30 10:34Core Viewpoint - The company, Arctech, announced plans to adjust its U.S. market operations in collaboration with its controlling shareholder, CSIQ, by establishing joint ventures for solar and energy storage businesses [1] Group 1: Business Adjustments - Arctech will form two joint ventures, M and N, to operate in the U.S. solar and energy storage sectors, with CSIQ holding 75.1% and CSI holding 24.9% [1] - The company intends to transfer 75.1% equity stakes in its overseas energy storage plant SSTH, overseas solar wafer plant THX1, and overseas battery plant GNCM to CSIQ for a total consideration of 352 million yuan [1] Group 2: Governance and Approvals - The transactions have been approved by the board of directors and the supervisory board but are still subject to approval by the shareholders' meeting [1] - The transaction requires a waiver for the controlling shareholder and actual controller to avoid commitments related to competition in the same industry [1]