Core Viewpoint - Company has decided to terminate the specific stock issuance plan due to the current phase and structural adjustments in the photovoltaic industry, focusing instead on technological innovation, product performance enhancement, cost reduction, and global market channel development [1] Group 1 - Company has actively promoted the specific stock issuance plan since its announcement, involving the board, management, and relevant intermediaries [1] - The decision to terminate the stock issuance is aimed at concentrating resources on enhancing core competitiveness [1] - Company is committed to promoting sustainable development in the industry and addressing cyclical risks to help the photovoltaic sector transition to a healthier and more orderly phase of high-quality development [1]

Core Viewpoint - Company has decided to terminate the issuance of shares to specific targets in response to the structural adjustments in the photovoltaic industry, focusing on enhancing core competitiveness through technological innovation and market expansion [1] Company Actions - Company held the 17th meeting of the 6th Board of Directors on October 24, where it approved the termination of the stock issuance plan [1] - The original plan aimed to raise a total of no more than 4.842 billion yuan, which was intended for a high-efficiency battery project and to supplement working capital [1] Industry Context - The photovoltaic industry is currently experiencing both phase and structural adjustments, prompting the company to refocus its resources [1] - The decision reflects a strategic shift towards improving product performance, cost reduction, and deepening global market channels [1]