Shuangjie Electric: Cancel investment in Kyrgyzstan's solar project.
Double J Electric Announcement: The company deliberated and approved the establishment of a wholly-owned subsidiary in Hong Kong and an investment in the Kyrgyzstan photovoltaic project on August 25, 2025. However, due to changes in the overseas market environment, policies, and project implementation conditions, the board of directors decided to cancel the original investment plan on April 9, 2026. The cancellation of the investment will not have a significant adverse impact on the company's production, operation, and financial condition. At the same time, the company has authorized the management to handle the overseas investment filing for the Hong Kong wholly-owned subsidiary to carry out overseas trade and other investment businesses. This is aimed at expanding overseas operations, enhancing international business capabilities, and in line with the company's development strategy.
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