On November 29, Tianneng issued the Announcement on the Extension and Termination of Some Fund-raising Projects and the Permanent Supplementary Liquidity of the Surplus Fund-raising Funds, intending to postpone two projects and terminate one project.
The announcement said that the company is based on the principle of prudence, combined with the current market environment, industry development trends and the progress of the implementation of the company's fund-raising investment projects.
Under the condition that the main body, purpose and total investment of the project invested by the raised funds remain unchanged, It is proposed to adjust the date when part of the projects invested by the raised funds will reach the expected usable state:
it is proposed to extend the investment project "Huzhou South Taihu Base Annual Output 10GWh Lithium Battery Project" and extend the date when the project will reach the expected usable state to December 2027.
At the same time, it is proposed to extend the technical renovation project of Tianneng sodium-ion battery test line, and postpone the date when the project reaches the expected usable state to December 2027.
It is proposed to terminate the investment project "Large Lithium Power Research and Development Platform Construction", and use the surplus raised funds of 146.2636 million yuan for permanent replenishment of working capital.
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