Junda Co., Ltd. announced that due to major changes in the external business environment and project implementation conditions, it was decided to terminate the 5GW high-efficiency battery production base project in Oman. Substantial construction of the project has not yet begun, there is little upfront investment, and the land lease contract has been negotiated and terminated. The balance of capital raised by H shares originally planned to be used for the project was HK$963 million. It is intended to be repurposed for photovoltaic cell product research and development, technology upgrading and production line transformation, strategic procurement of raw materials, and supplementary working capital. This change in the use of funds raised still needs to be submitted to the company's shareholders' meeting for review.

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