On the evening of July 15, Bangjie Co., Ltd. issued the "Announcement on Terminating the Jiangshan High-Efficiency Solar Cell and Large-Size PV Wafer Slicing Project and Signing the Termination Agreement." The announcement stated that due to changes in the PV market environment, Zhejiang Bangjie Holding Group Co., Ltd. (hereinafter referred to as "the Company") had reached a friendly agreement with the Management Committee of Zhejiang Jiangshan Economic Development Zone (hereinafter referred to as "the Jiangshan Economic Development Zone Management Committee") to terminate the annual production projects of 16GW N-type high-efficiency solar cells and 16GW large-size PV wafer slicing. On July 15, 2025, the Company held the 15th meeting of the 6th Board of Directors, which reviewed and approved the "Termination of the 16GW N-Type High-Efficiency Solar Cell Project.