Core Viewpoint - The company has decided to terminate the investment in the 150 MW distributed photovoltaic power generation project in Hebei, which was originally planned with a total investment of approximately 762 million yuan [1] Group 1: Project Details - The board meeting to review the termination of the project is scheduled for December 25, 2025 [1] - The project commenced construction on December 29, 2023, and has completed a construction scale of 148.88 KW, with no progress on the remaining portion [1] Group 2: Financial Implications - Terminating the investment in the Hebei project is expected to reduce the company's investment costs and risks, aligning with the interests of the listed company [1] - The decision will not have a significant impact on the company's financial status or operating results [1]

Core Points - The company approved a joint venture agreement with ICL Group Ltd.'s subsidiary Amsterdam Fertilizers B.V. on January 17, 2025, to jointly increase capital in the project company ICL BM, S.L. [2] - After the capital increase, Amsterdam Fertilizers will hold 80% of the project company, while the company will hold 20%, with the project primarily focused on the production of lithium iron phosphate, requiring a total investment of €285 million [2] - On November 12, the company announced the termination of the joint venture project due to changes in market conditions, international policies, and company strategy, which affected the project's economic viability and introduced significant uncertainty regarding expected returns [2]

Core Viewpoint - The company has decided to terminate the joint venture project with Amsterdam Fertilizers due to changes in market conditions, international policies, and company strategy affecting the project's economic viability [1] Group 1: Joint Venture Agreement - The company signed a joint venture agreement with ICL Group Ltd.'s subsidiary, Amsterdam Fertilizers B.V. [1] - The joint venture aimed to jointly increase capital in ICL BM, S.L., with Amsterdam Fertilizers holding 80% and the company holding 20% after the capital increase [1] Group 2: Project Details - The project was primarily focused on the production of lithium iron phosphate [1] - The total investment for the project was estimated at €285 million [1] Group 3: Decision to Terminate - Both parties have actively promoted the joint venture project since signing the agreement [1] - Due to changes in external and internal factors impacting the project's economic feasibility, the expected returns have become highly uncertain [1] - After careful consideration and friendly communication, both parties agreed to terminate the joint venture project to optimize resource allocation and reduce investment risks [1]