Core Viewpoint - Chenghui International (01094.HK) announced the termination of a joint venture agreement with Xinhui Yuanheng due to recent changes in China's photovoltaic industry policy, which rendered the solar inverter business no longer commercially viable [1]. Group 1: Joint Venture Details - Chenghui International's wholly-owned subsidiary, Chenguang Zhongcai, established a joint venture with Xinhui Yuanheng, but no capital was contributed by either party as of the announcement date [1]. - The joint venture agreement was mutually agreed to be terminated on January 16, 2026, following the decision that the solar inverter business lacked commercial rationale [1]. Group 2: Industry Context - The decision to terminate the joint venture is influenced by recent changes in China's photovoltaic industry policy, which was announced in early January 2026 [1]. - The joint venture company will be deregistered following the termination of the agreement [1].
承辉国际(01094.HK)：终止成立合营公司