1. Date of occurrence of the event: 2024/11/12
  2. 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 Due to the outdated equipment, the products have uncompetitive costs and fail to meet market demand.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.
  3. Comparison of production capacity for the most recent three fiscal years and following the decrease in production: N/A
  4. Comparison of production output for the most recent three fiscal years and following the decrease in production: N/A
  5. Production capacity of the fully or partially suspended work items: approximately 100 MWp
  6. Production output of the fully or partially suspended work items: approximately 12 MWp
  7. Share of the company operating revenue that the fully or partially suspended work items account for: 6%
  8. Itemized details of outleased Company plant or principal equipment: N/A
  9. Share of total assets that the outleased Company plant or principal equipment account for: N/A
  10. Itemized details of pledged or mortgaged assets: N/A
  11. Share of total assets that the pledged or mortgaged assets account for: N/A
  12. Decision-making process: The resolution was approved by the board of directors on November 12, 2024.
  13. 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.
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