Recently, Baichuan Changyin issued a progress announcement on signing a cooperation agreement for a 4GW high-efficiency heterojunction battery project and external investment. Given that the project construction is affected by various factors such as the macro environment, changes in the market environment of the PV industry, financing environment, project construction implementation conditions, and the cooperation progress of relevant parties involved in the project construction, the project cannot proceed as originally planned. Considering the company's overall development and market environment factors, after negotiation between the project company, Zhejiang Baichuan Changyin New Energy Co., Ltd., and the Moganshan Management Committee, a consensus agreement was reached on the withdrawal of the land use rights for the project.