Hemai Co., Ltd. announced that the company and its wholly-owned subsidiary Hangzhou Heli and Huarong Financial Leasing recently signed a “termination agreement” to prematurely terminate the household photovoltaic cooperation agreement signed in May 2025. The original agreement estimated the scale of cooperation of 1 billion yuan, and the cooperation period was 3 years. As of the date of disclosure of the announcement, the total scale of cooperation between the two parties is about 162 million yuan. This termination does not affect the execution of confirmed orders and operation and maintenance services. The parties do not bear mutual liability for breach of contract, and will not have a significant impact on the company's current business performance and financial situation. In the future, the two sides can continue to cooperate in the fields of industry, ground power plants, energy storage, and wind power projects.

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