Core Viewpoint - The company has received an administrative decision from the Wuzhou Municipal Government, requiring the return of a total of RMB 510 million in financial subsidies and support funds, along with a penalty of RMB 51 million, which may significantly impact its financial status and cash flow [1][2][3]. Group 1: Case Progress and Main Content - On January 23, 2026, the Wuzhou Municipal Government issued an administrative decision requiring the company to return RMB 270 million in subsidies for the "10GWTOPCON photovoltaic cell production base" and RMB 240 million in support funds for major industrial projects, along with a penalty of RMB 51 million [1][2]. - The company and its subsidiary, Guangxi Mubang, are the parties involved in this administrative decision, which mandates the return of financial subsidies and support funds [1][2]. - The total amount to be returned, including penalties, is RMB 510 million, which poses a significant financial burden on the company [1][2][3]. Group 2: Impact on the Company - If the company complies with the decision, it is expected to have a substantial adverse effect on the company's current and future profits, cash flow, and overall financial condition [1][3]. - The ongoing situation may lead to project stagnation, adversely affecting the company's strategic layout and capacity building in the photovoltaic cell sector [4]. - The company may face legal risks if it fails to comply with the decision, potentially leading to court-enforced actions [5]. Group 3: Measures Taken by the Company - The company is actively researching the content of the decision and is in communication with the Wuzhou Municipal Government to seek a resolution while ensuring the protection of its and its shareholders' rights [6]. - The company is evaluating its financial arrangements and is working to secure funds to address the situation appropriately [6].

【*ST沐邦被要求退还5.1亿元财政补助】12月19日，*ST沐邦（603398.SH）披露重大合同违约及风险 提示，因10GW光伏电池项目长期未能按约推进，梧州市人民政府要求公司退还已拨付的财政补助及扶 持资金合计5.1亿元。 公告显示，2022年7月20日，*ST沐邦与梧州市人民政府签署《10GW TOPCON光伏电池生产基地项目 投资合同书》，并于2023年12月19日签署补充协议，随后收到补助资金2.7亿元及扶持资金2.4亿元，合 计5.1亿元。因项目长期未按约定进度推进且未能实现投产，2025年7月1日，当地政府向*ST沐邦下发行 政决定事先告知书，责令*ST沐邦及相关子公司退还已获得的财政补助及扶持资金合计5.1亿元，并承担 相应违约责任。 *ST沐邦已行使陈述申辩权利并参加听证，目前最终行政处理决定尚未作出，相关结果仍存在不确定 性。 为推动项目实施，*ST沐邦与梧州市人民政府于2025年7月28日再度签署《10GW-N型高效光伏电池生产 基地项目建设运营补充协议书》，约定公司应于8月4日前将首笔资金1.5亿元汇存至项目资金专用账 户。因未能履行该义务，*ST沐邦于11月14日收到粤桂合作特别试 ...