Core Viewpoint - The company, Yitong New Materials (300930), has announced a collaboration with Hangzhou Hutang Power Distribution Company to develop a rooftop photovoltaic power generation project aimed at energy conservation and reducing electricity costs [1] Summary by Relevant Sections Project Details - The project is expected to generate an average of 9 million kilowatt-hours (kWh) of electricity annually [1] - According to the contract, the company anticipates paying approximately 4.5 million yuan in electricity costs each year [1] - The operational period of the project is set for 25 years, with a total estimated electricity payment of around 112 million yuan over the entire duration [1] Responsibilities and Financial Arrangements - The power distribution company will be responsible for the investment, development, construction, operation, management, and maintenance of the project [1] - The company will provide necessary assistance and share the energy savings generated from the project [1] - The transaction adheres to market pricing principles and does not harm the interests of the company or its shareholders [1]

Core Viewpoint - The company aims to enhance liquidity by selling its entire stake in several wholly-owned subsidiaries engaged in rooftop photovoltaic power generation projects in China for approximately RMB 470 million [1] Group 1: Transaction Details - The company entered into an agreement on June 3, 2025, to sell its stake and outstanding loans related to the rooftop photovoltaic projects [1] - The total consideration for the sale is approximately RMB 470 million [1] - The company will also subscribe to part of the equity-level asset-backed securities issued under the second phase of the asset-backed special plan, amounting to RMB 24 million, which represents about 5.1% of the total principal amount of the asset-backed securities [1] Group 2: Use of Proceeds - The net proceeds from the sale will be used to invest in rooftop photovoltaic and energy storage projects, repay bank loans, and serve as general working capital [1]