Core Points - Shanxi Meijin Energy Co., Ltd. has decided to terminate the hydrogen fuel cell power system and hydrogen fuel commercial vehicle parts production project due to insufficient investment progress and changing project implementation environment [1][2] - The company plans to permanently allocate the remaining fundraising of 179 million yuan to supplement working capital, with the project having only achieved a 29.37% investment progress as of September 30, 2025 [2][3] - The board of directors has approved the termination and the change in fund usage, which will be submitted for approval at the upcoming temporary shareholders' meeting and bondholders' meeting [2][3] Summary by Sections Project Termination - The hydrogen energy project has been terminated due to less than 30% investment progress, with a total of 73.43 million yuan invested so far [2] - The remaining fundraising balance is 179.18 million yuan, accounting for 5.04% of the net fundraising amount [2] Meetings Announcement - A temporary shareholders' meeting is scheduled for November 25, 2025, to discuss the termination of the fundraising project [3] - The first bondholders' meeting for "Meijin Convertible Bonds" will be held on the same day to review the change in fundraising usage [3] Board Meeting Details - All nine directors participated in the board meeting, and all proposals were approved unanimously [3]

Core Viewpoint - Meijin Energy (000723.SZ) has decided to terminate part of its fundraising investment project and permanently supplement the remaining funds into working capital to enhance fund utilization efficiency [1] Group 1: Company Decisions - The company held its 46th board meeting on November 7, 2025, to review and approve the proposal to terminate the "Hydrogen Fuel Cell Power System and Hydrogen Fuel Commercial Vehicle Parts Production Project (Phase I)" [1] - The remaining fundraising amount of 179.1783 million yuan, including financial income and bank deposit interest, will be permanently supplemented into working capital [1]

格隆汇11月7日丨美锦能源(000723.SZ)公布，公司于2025年11月7日召开十届四十六次董事会会议审议 通过了《关于终止部分募集资金投资项目并将剩余募集资金永久补充流动资金的议案》，同意终止公司 可转换公司债券募集资金投资项目"氢燃料电池动力系统及氢燃料商用车零部件生产项目（一期一阶 段）"，并将项目剩余募集资金17,917.83万元（含理财收益、银行存款利息收入）永久补充流动资金， 以提高资金使用效率。 ...