Core Viewpoint - Company plans to terminate the "High-Quality Precision Automotive Moulds and Parts Technological Transformation Project" and redirect remaining funds towards the construction of energy storage, photovoltaic inverters, and power battery box production base projects [1][2] Group 1: Project Termination and Fund Reallocation - Company announced the termination of the automotive mould project, reallocating the remaining 118 million yuan of raised funds to the "Dongguan Energy Storage, Photovoltaic Inverter, and Power Battery Box Production Base Project" [1] - The automotive mould project has seen a cumulative investment progress of 46.96%, while the related Ningbo project has reached 68.39% [1] - The company raised 647 million yuan through convertible bonds in 2020 and 876 million yuan through a private placement in 2022 [1] Group 2: Reasons for Adjustment - The decision to terminate the automotive mould project is influenced by international trade disputes, macroeconomic fluctuations, and changes in market demand [2] - Company assessed that continuing the project would not yield immediate economic benefits and would not align with long-term strategic goals [2] - The rapid growth of the domestic energy storage, photovoltaic, and new energy vehicle industries necessitates the acceleration of the Dongguan project to meet market demand [2]

Group 1 - The company announced the termination of a fundraising investment project related to the "High-Quality Precision Automotive Molds and Components Technological Transformation Project" [1] - The remaining funds of 118 million yuan will be redirected to the construction of the "Dongguan Energy Storage, Photovoltaic Inverter, and Power Battery Box Production Base" project [1] - The decision was made during the fourth meeting of the fourth board of directors and the fourth supervisory board meeting held on December 3, 2025 [1]