Minlead Plans to Deregister Subsidiary Anhui Minlead After Terminating Investment Agreement

게시됨: Nov 29, 2024 20:11

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[Minlead Plans to Deregister Subsidiary Anhui Minlead] Recently, Minlead announced the signing of a supplementary agreement to the "Investment Agreement" with the Management Committee of Hanshan Economic Development Zone in Anhui and the deregistration of its subsidiary. The company has decided to terminate the investment agreement with the Hanshan Economic Development Zone Management Committee due to an assessment of the market environment and adjustments to its strategic development layout, aiming to better integrate existing resources and optimize allocation. After mutual consultation, both parties agreed not to pursue any related responsibilities and plan to deregister the subsidiary Anhui Minlead. The termination of this investment agreement is considered a positive measure to reduce the company's investment risk and improve operational management capabilities. Since the "NEV Parts and Energy Storage Structural Components" project is still in the early stages of construction, the termination of the investment is not expected to have a significant adverse impact on the company's performance and financial status, nor will it affect the company's future development strategy and operational planning, ensuring the interests of the company and its shareholders.

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