Core Insights - The article highlights the upcoming CINE2025 Solid-State Battery Exhibition and Industry Annual Conference scheduled for November 6-8, 2025, in Guangzhou, with significant participation expected from over 200 exhibitors and 20,000 professional attendees [1]. Company Overview - Qujing EVE Energy Co., Ltd. was established in August 2022, with a registered capital increase from 1.05 billion RMB to 1.725 billion RMB [2][1]. - The company is co-owned by EVE Energy and EVE Asia Ltd., holding 94.76% and 5.24% of shares, respectively [2]. Production Capacity and Projects - EVE Energy has established two major energy storage battery projects in Yunnan, with a total capacity of 36 GWh. The first project, a 10 GWh energy storage battery, began construction in May 2022 with a total investment of 3 billion RMB [3]. - The second project involves a 23 GWh cylindrical lithium iron phosphate energy storage battery project, with an adjusted total investment of approximately 5.796155 billion RMB, and a construction period of three years [4]. Financial Investments - As of June 30, 2025, the cumulative investment in the cylindrical lithium iron phosphate project reached approximately 2.0150409 billion RMB, with 1.9330923 billion RMB sourced from raised funds [5]. Material Supply Chain - EVE Energy has partnered with Deyang Nano in Yunnan to enhance its upstream lithium battery material supply capabilities, establishing a joint venture focused on the production of nano lithium iron phosphate [6]. - The joint venture's 100,000-ton nano lithium iron phosphate project commenced production on May 8, 2022 [7]. Energy Storage Initiatives - EVE Energy is also involved in energy storage projects, collaborating with the State Power Investment Corporation to build a shared energy storage project with a total capacity of 500 MW/1000 MWh, with the first phase successfully operational [8].

Core Viewpoint - The company is undergoing changes in the construction content and total investment of certain fundraising projects, specifically the "23GWh cylindrical lithium iron phosphate energy storage battery project," to enhance fundraising efficiency and meet market demands [1][3][5]. Summary by Sections Overview of Changes in Fundraising Purpose - The company has received approval from the China Securities Regulatory Commission to issue 50 million convertible bonds with a total fundraising amount of RMB 5 billion, netting approximately RMB 4.97 billion after deducting issuance costs [1]. Fundraising Plan and Usage Status - As of June 30, 2025, the total investment for the power battery project is RMB 547,379.00 million, with cumulative investment of RMB 201,504.09 million, of which RMB 193,309.23 million is from the raised funds [2]. Reasons for Project Changes - The changes are driven by the rapid growth in global demand for new energy vehicles, with a 34.3% year-on-year increase in sales in the first half of 2025, necessitating adjustments to meet delivery pressures and improve fundraising efficiency [3][4]. Overview of Changed Project Details - The project will now include both cylindrical and square lithium iron phosphate battery production lines, with adjusted capacities of 11.5GWh and 14.5GWh respectively. The total investment has increased to RMB 579,615.50 million, while the use of raised funds and project duration remain unchanged [4][5]. Impact of Changes on the Company - The adjustments are deemed beneficial for the company's development and do not harm shareholder interests. The company will ensure compliance with relevant regulations and enhance supervision over the use of raised funds [5][6]. Opinions from Independent Directors and Board - The board has approved the changes, and independent directors have confirmed that the adjustments align with the company's operational needs and future development plans, ensuring no detriment to shareholder interests [6][7].