Meijin Energy: Termination of some raised investment projects and supplementary working capital.

date
08/11/2025
Meijin Energy Announcement: The company has decided to terminate the "Hydrogen Fuel Cell Power System and Hydrogen Fuel Commercial Vehicle Parts Production Project" and use the remaining fundraising of 179 million yuan to permanently supplement working capital. The original planned total investment for this project was 1.502 billion yuan, with a cumulative investment of 73.4333 million yuan, and an investment progress of 29.37%. The termination of the fundraising project is a decision made prudently based on changes in the market and actual operating conditions, which is beneficial for reducing investment risks and promoting the sustainable and stable development of the company's business.