"Atlas announced on the evening of November 29th that the company plans to use a portion of the proceeds from the over-allotment to invest in the construction of the Yangzhou Atlas Optoelectronic Materials Co., Ltd's 14GW annual production of monocrystalline silicon project. The total investment in the project is expected to be 900 million yuan (including working capital), with plans to use 500 million yuan from the over-allotment, accounting for 19.02% of the total over-allotment funds.

The project will mainly include construction of slicing workshops, warehouses, wastewater treatment stations, and the purchase of corresponding equipment to achieve large-scale production of monocrystalline silicon products, thereby consolidating the company's market leadership position. The announcement indicated that the construction period for the project is tentatively set for 1 year, subject to actual investment conditions."