Fundraising Overview - Longi Green Energy Technology Co., Ltd. has been approved to publicly issue convertible bonds totaling RMB 7 billion, with a term of 6 years [1] - The actual issuance occurred on January 5, 2022, with 70 million bonds issued at a face value of RMB 100 each, resulting in net proceeds of approximately RMB 6.965 billion after deducting issuance costs [1] Fund Allocation Changes - The company has decided to terminate the investment in the Wuhu (Phase II) 15GW monocrystalline module project, reallocating the originally planned investment of RMB 1.08 billion to the Tongchuan Longi 12GW high-efficiency monocrystalline battery project [1] Fund Management and Oversight - A tripartite regulatory agreement was signed on July 8, 2025, between Longi Green Energy, its subsidiaries, and CITIC Bank to manage and oversee the fundraising for the Tongchuan project [2] - The agreement stipulates that the funds must be used solely for the designated project and outlines the responsibilities of each party involved in the management and oversight of the funds [3][4] Compliance and Reporting - The agreement includes provisions for regular reporting and oversight by the sponsor, ensuring compliance with relevant laws and regulations [4][5] - Any significant withdrawals from the special account must be reported to the sponsor, and failure to comply with the agreement can lead to termination of the agreement [4][5]

Group 1 - Trina Solar's Huai'an base has completed the first phase of a 50GW monocrystalline silicon wafer project, with a total investment of 20 billion yuan and a planned total investment of 30 billion yuan [1] - The project includes the production of high-efficiency photovoltaic cells and large-capacity photovoltaic modules, making it an integrated manufacturing base for silicon wafers, cells, and modules [1] Group 2 - JA Solar has signed two photovoltaic module supply agreements with South African renewable energy company JUWI for a total installed capacity of 220MW, contributing to a significant increase in South Africa's clean energy share [2] - The completion of these projects will increase South Africa's total photovoltaic installed capacity by approximately 5% [2] Group 3 - In May, the national photovoltaic power generation utilization rate reached 94.2%, while wind power utilization was at 93.2%, indicating strong performance in renewable energy consumption [3] Group 4 - LONGi Green Energy plans to increase capital by 1.08 billion yuan to its subsidiary LONGi Leye Photovoltaic Technology Co., Ltd., which will then invest in the implementation of a 12GW high-efficiency monocrystalline battery project [4] - This capital increase aligns with the company's approved fundraising project implementation needs [4]

Core Viewpoint - The final judgment in the fire damage case involving Longi Green Energy's subsidiary, Longi Leye, has been made, with Shijin Technology bearing 70% of the responsibility for the damages and a compensation amount of 37.36 million yuan [1][5]. Group 1: Case Background - The fire incident occurred on November 25, 2021, at Longi Leye's factory in Xi'an, caused by an electrical fault in the heating system installed by Shijin Technology [6][7]. - Longi Leye filed two lawsuits against Shijin Technology for damages, totaling approximately 140 million yuan, which includes 87.44 million yuan for equipment losses and 53.37 million yuan for factory losses [7]. Group 2: Legal Proceedings - On June 16, 2025, the Xi'an High Court ruled that Shijin Technology is responsible for 70% of the equipment loss, amounting to 58.08 million yuan [6][8]. - Shijin Technology plans to appeal the equipment loss ruling, indicating ongoing legal disputes [8]. Group 3: Financial Implications - The total claim of approximately 140 million yuan represents 13.72% and 12.34% of Shijin Technology's net assets at the end of 2021 and 2022, respectively [11][12]. - Shijin Technology has disclosed the legal matters in its annual reports, stating that the company has made provisions for expected liabilities, which will not impact future financial statements [12].

Group 1 - EVE Energy has submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange, reflecting its international strategic layout and potential to broaden financing channels and enhance brand influence [1] - The application is in draft form and may be updated, with the listing subject to various conditions and market considerations, indicating uncertainty in the process [1] Group 2 - LONGi Green Energy plans to use part of the raised funds, amounting to 1.08 billion yuan, to increase capital in its wholly-owned subsidiary LONGi Leye, which will subsequently increase capital in its subsidiary Tongchuan LONGi [2] - This capital increase aims to ensure the smooth implementation of the "Tongchuan LONGi annual production of 12GW high-efficiency monocrystalline battery project," enhancing market competitiveness [2] Group 3 - Zijin Mining intends to acquire a gold mine project in Kazakhstan for 1.2 billion USD, showcasing its global resource layout strategy [3] - The acquisition is based on a "no cash, no debt" principle, ensuring fairness in the transaction and potentially increasing the company's gold reserves and production capacity [3]

Core Viewpoint - Longi Green Energy plans to use part of the raised funds amounting to 1.08 billion yuan to increase capital in its wholly-owned subsidiary, Longi Leye, which will subsequently increase capital in its wholly-owned subsidiary, Tongchuan Longi, for the smooth implementation of the "Tongchuan Longi 12GW High-Efficiency Monocrystalline Cell Project" [1] Group 1 - The company intends to raise 1.08 billion yuan for capital increase [1] - The capital increase will raise Tongchuan Longi's paid-in registered capital from 145.32 million yuan to 400 million yuan [1] - The transaction does not constitute a related party transaction or a major asset restructuring and does not require approval from the company's shareholders [1]