亿晶光电：收到全椒经济开发区管委会拟对公司及下属子公司作出行政决定的听证通知

Core Viewpoint - The company has received a hearing notice from the management committee of the Quanjiao Economic Development Zone regarding potential administrative actions due to non-fulfillment of prior agreements related to its investment projects in the photovoltaic industry [1] Group 1: Company Developments - The company planned to invest in a project in Quanjiao County, Anhui Province, with an annual production capacity of 10GW for photovoltaic cells, 10GW for photovoltaic wafers, and 10GW for photovoltaic modules [1] - The project commenced construction in November 2022 and began partial production in July 2023, but only 7.5GW of the photovoltaic cell capacity has been realized, with further phases of the project not initiated [1] - Due to a downturn in the photovoltaic industry and declining capacity utilization rates, the company plans to gradually cease operations at the Quanjiao base starting in October 2024 [1] Group 2: Regulatory and Financial Implications - The Quanjiao Economic Development Zone management committee believes the company has not fully complied with previous agreements, leading to a proposed termination of the investment agreement and a demand for the return of 140 million yuan in investment funds [1] - The company may also face obligations to repay construction costs, rent, and costs associated with fund occupation due to the alleged breach of contract [1]