债券代码:113053 债券简称:隆 22 转债 隆基绿能科技股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据中国证监会发布的《上市公司募集资金监管规则》和上海证券交易所颁 布的《上海证券交易所上市公司自律监管指引第 1 号——规范运作》及《上海证 券交易所上市公司自律监管指南第 1 号 公告格式 第十三号 上市公司募集资金 相关公告》等有关规定，隆基绿能科技股份有限公司（以下简称"公司"、 "本公 司"或"隆基绿能"）董事会编制了截至 2025 年 6 月 30 日的《2025 年半年度度 募集资金存放与使用情况专项报告》。 一、 募集资金基本情况 （一）2018 年度配股公开发行证券 经中国证监会证监许可[2019]202号文核准，本公司获准向原股东配售 所收市后，在中国证券登记结算有限责任公司上海分公司登记在册的隆基绿能全 体股东(总股份2,790,803,535股)，按照每10股配3股的比例配售A股股份，配股 价格为4.65元/股，最终本次配股有效认购数量为833,419,462股，募集资金总额 人民 ...

Fundraising Overview - Longi Green Energy Technology Co., Ltd. has been approved to publicly issue convertible bonds totaling RMB 7 billion, with a term of 6 years [1] - The actual issuance occurred on January 5, 2022, with 70 million bonds issued at a face value of RMB 100 each, resulting in net proceeds of approximately RMB 6.965 billion after deducting issuance costs [1] Fund Allocation Changes - The company has decided to terminate the investment in the Wuhu (Phase II) 15GW monocrystalline module project, reallocating the originally planned investment of RMB 1.08 billion to the Tongchuan Longi 12GW high-efficiency monocrystalline battery project [1] Fund Management and Oversight - A tripartite regulatory agreement was signed on July 8, 2025, between Longi Green Energy, its subsidiaries, and CITIC Bank to manage and oversee the fundraising for the Tongchuan project [2] - The agreement stipulates that the funds must be used solely for the designated project and outlines the responsibilities of each party involved in the management and oversight of the funds [3][4] Compliance and Reporting - The agreement includes provisions for regular reporting and oversight by the sponsor, ensuring compliance with relevant laws and regulations [4][5] - Any significant withdrawals from the special account must be reported to the sponsor, and failure to comply with the agreement can lead to termination of the agreement [4][5]

Core Viewpoint - Longi Green Energy plans to hold its first bondholders meeting in 2025 to discuss changes in the use of funds raised from its convertible bonds issued in 2022, which will not adversely affect the company's debt repayment ability or bondholder rights [2][12][24] Group 1: Bondholder Meeting Details - The bondholders meeting is scheduled from June 24 to June 30, 2025, and will be conducted online using a simplified procedure [5][6] - Bondholders must submit any objections in writing within five trading days from the notice date, otherwise, they will be deemed to agree with the management's proposals [3][6] - The meeting will discuss the proposal to change the investment projects funded by the 2021 convertible bonds [3][12] Group 2: Fundraising and Investment Changes - Longi Green Energy issued convertible bonds totaling CNY 7 billion on January 5, 2022, with net proceeds of approximately CNY 6.96 billion after deducting issuance costs [12][13] - The company intends to change the use of part of the raised funds, specifically reallocating CNY 1.08 billion originally planned for the Wuhu (Phase II) 15GW monocrystalline module project to the construction of the Tongchuan Longi 12GW high-efficiency monocrystalline battery project [17][18] - The change in fund allocation is aimed at enhancing the efficiency of fund usage and accelerating the construction of advanced battery capacity [17][23] Group 3: Project Details and Financial Implications - The Tongchuan Longi project is expected to achieve an annual production capacity of 12GW and is part of the company's strategic plan to expand its advanced production capacity [18][19] - The original Wuhu (Phase II) project had a total investment of CNY 2.59 billion, with an expected internal rate of return of approximately 24.89% [17][18] - The company anticipates that the new project will significantly contribute to its production capabilities and market competitiveness, with a target to reach full production by the first quarter of 2026 [18][20]

Core Viewpoint - The resignation of Li Zhenguo from his positions at Longi Green Energy marks a significant shift in the company's management, as he aims to focus on research and development in photovoltaic technology while the company faces declining financial performance [2][3]. Management Changes - Li Zhenguo has stepped down as director, general manager, and legal representative of Longi Green Energy but will continue as the head of the Central Research Institute and Chief Technology Officer [2]. - Li Zhenguo's wife and he collectively hold 19.1% of Longi Green Energy's shares, making them the de facto major shareholders [2]. - The board has appointed Zhong Baoshan, the current chairman, to also serve as the general manager following Li's resignation [2]. Financial Performance - In 2024, Longi Green Energy's revenue decreased by 36.23% to 82.523 billion yuan, and the company reported a net loss of 8.618 billion yuan after two years of negative growth [3]. - Longi Green Energy has experienced six consecutive quarters of losses, with its stock price at 14.44 yuan per share, resulting in a market capitalization of approximately 109.4 billion yuan, down over 40 billion yuan from its peak in 2021 [3]. Strategic Focus - The company is accelerating the upgrade and expansion of its advanced BC production capacity, shifting investment from a previously planned project to a new 12GW high-efficiency monocrystalline battery project [3]. - Longi Green Energy's management cited the need to adapt to the cyclical adjustments in the photovoltaic industry and the uncertainty in supply-side capacity clearance as reasons for the strategic shift [3]. Succession Planning - Li Zhenguo's daughter, Li Shuxuan, has been nominated as a non-independent director candidate for Longi Green Energy's sixth board, indicating a potential succession plan [4]. - Li Shuxuan, born in 1993, currently works as a brand promotion manager at Xi'an Juzi Biological Technology Co., Ltd., which has seen significant stock price increases this year [4]. - She also holds a 23.5% stake in Dongguan Hive Smart Technology Co., Ltd., where she serves as a director [5]. Industry Trends - The entry of the next generation into leadership roles within photovoltaic companies is becoming more common, with several second-generation leaders, particularly women, stepping into significant positions in the industry [6].