帕瓦股份：拟终止“年产1.5万吨三元前驱体项目”募投

Core Viewpoint - The company plans to terminate its initial public offering fundraising project for the "Annual Production of 15,000 Tons of Nickel Cobalt Manganese Precursor Project" due to changes in industry and market conditions, which may lead to suboptimal returns and idle production capacity [1] Group 1 - The project was initially planned with an investment of 472.27 million yuan, with a cumulative investment of 190.94 million yuan as of November 30, 2025, leaving a remaining amount of 301.29 million yuan [1] - The company will place the remaining funds in a dedicated account and aims to recover the initial investment through various means [1] - The board of directors approved this decision on January 9, 2026, pending shareholder meeting approval, and the sponsor institution has no objections to this matter [1]