Zhitong Finance App News, Junda Co., Ltd. (002865.SZ) issued an announcement. Since the establishment of the Oman 5GW high-efficiency battery production base project (hereinafter referred to as the “Oman Project”), the external business environment and project implementation conditions have changed significantly. After careful research by the company, it was decided to stop implementing the Oman project. The balance of capital raised by H shares originally planned to be used for the Oman project was HK$963 million. The proposed uses are: photovoltaic cell product research and development, technology upgrade and production line transformation, strategic procurement of raw materials, and supplementary working capital.

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