- Date of occurrence of the event: 2024/11/12
- Cause of the event: The annual output of the production equipment for solar modules at the Xinfeng factory is 12MWp (approximately 6% of sales revenue). Due to the outdated equipment, the products have uncompetitive costs and fail to meet market demand. The company has decided to phase out the manufacturing and R&D equipment for solar modules at the Xinfeng factory and adopt outsourcing to meet the demand.
- Comparison of production capacity for the most recent three fiscal years and following the decrease in production: N/A
- Comparison of production output for the most recent three fiscal years and following the decrease in production: N/A
- Production capacity of the fully or partially suspended work items: approximately 100 MWp
- Production output of the fully or partially suspended work items: approximately 12 MWp
- Share of the company operating revenue that the fully or partially suspended work items account for: 6%
- Itemized details of outleased Company plant or principal equipment: N/A
- Share of total assets that the outleased Company plant or principal equipment account for: N/A
- Itemized details of pledged or mortgaged assets: N/A
- Share of total assets that the pledged or mortgaged assets account for: N/A
- Decision-making process: The resolution was approved by the board of directors on November 12, 2024.
- Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 3 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): None.
Press Center
The company announced that it would phase out the manufacturing and R&D equipment for solar modules at the Xinfeng factory and adopt outsourcing to meet the demand
Posted on: 2024.11.12
