Transaction Overview - The company approved the sale of part of the fundraising project equipment and the replacement of raised funds with its own funds during the board meeting on August 25, 2025, to address trade pressures from U.S. tariffs and customer project relocation needs [1][3] - The customized nature of the production equipment linked to the transferred capacity poses a risk of idleness if not relocated, leading to the decision to sell the equipment to non-fundraising project subsidiaries, including overseas subsidiaries [1][2] Basic Information of the Transaction - The total price for the equipment being sold is approximately 1,277.16 million yuan, with an amount of 1,271.92 million yuan to be replaced [2] Purpose of Selling Fundraising Project Equipment - The sale aims to mitigate trade pressures from U.S. tariffs and meet customer project relocation demands, as the production equipment is highly customized and tied to specific production scenarios [2][3] Risks Associated with the Transaction - There are operational and management risks due to significant differences in policies, laws, and business environments between foreign countries and China, leading to uncertainties regarding the progress and effectiveness of the capacity transfer [3] Impact on the Company - The transaction involves subsidiaries already included in the company's consolidated financial statements, ensuring that production operations and fund management remain within the company's control, thus not significantly affecting the company's financial and operational status [3] Review Procedures - The board of directors and the strategic committee both reviewed and approved the transaction, confirming that it aligns with relevant regulations and that the decision-making process was legal and effective [4]