6, Jingang Photovoltaic issued an announcement on the termination of the issuance of a shares to specific targets in 2023. According to the announcement, Jingang Photovoltaic said that since the announcement of the plan to issue shares to specific targets, the company has been actively promoting relevant work with relevant parties, taking into account the actual situation of the company and the factors of capital market and related policy changes, after careful analysis, the company decided to terminate the issue of a shares to specific targets.
It is understood that in August 2023, King Kong Photovoltaic originally planned to raise 500 million yuan to 1.042 billion yuan from Ouhao Group, the controlling shareholder of the company, and the net fund raised after deducting the issuance fee was intended to be used to supplement liquidity and repay loans.