[Energy Storage: Netherlands New Energy Joint Venture Subsidiary Ceases Operations, INLIF Shares Terminates Investment]
On June 9, Anhui INLIF Electronic Technology Co., Ltd. held a board of directors meeting and formally terminated the overseas new energy joint venture investment project of its wholly-owned subsidiary. The main content of this terminated overseas investment project was for the wholly-owned subsidiary, Anhui Feimi New Energy Technology Co., Ltd., to join hands with Rhine Holding Co., Ltd. to establish a venture, setting up Netherlands Feimi New Energy Technology Co., Ltd. During project advancement, due to changes in objective implementation conditions, the project failed to make substantial progress. The target company has not yet been established, and INLIF has not invested any funds. Based on considerations of preventing investment risks and optimizing resource allocation, and through friendly consultations between the two parties, a final decision was made to terminate this cooperation.