Sunflower: Decision to Terminate TOPCon Battery Product Project and Deregister Project Company

Sunflower announced that the decision to terminate the TOPCon battery product project was a cautious decision made after conducting a thorough investigation and research on the development of the photovoltaic industry, mid-term trends, and the production plans of leading companies in the industry. However, due to the delay in the delivery of the planned leased plant during the project planning process, the TOPCon battery product project could not be implemented as scheduled. Additionally, there has been a significant decline in the prices of major products in the photovoltaic industry chain in the recent period.

Against the backdrop of the current market environment and the influence of various factors, after careful consideration, the company has decided to terminate the TOPCon battery product project and deregister the project company.