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Haili Wind Power Terminates 500M Yuan High-End Energy Equipment Project, Site to Produce Fuel Tanks
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Haili Wind Power (301155.SZ) announced the termination of its 'Haili High-End Energy Equipment Manufacturing Project' in Jiangsu Rudong Coastal Economic Development Zone. The project, initially approved in March 2024 with a minimum investment of 500 million RMB, was increased to 1 billion RMB in July 2024. The company stated the termination was a strategic decision based on friendly consultation to optimize industrial layout and maximize resource utilization efficiency. The land originally allocated for this project will be repurposed for fuel storage tank-related products production by Beijing Jirui Xingji Technology Co., Ltd., a controlled subsidiary. Haili Wind Power emphasized there is no breach of contract liability and that the termination will not materially impact its overall business development, financial condition, or operating activities, nor harm shareholder interests.
Source report
Gelonghui, September 18 — Haili Wind Power (301155.SZ) has announced the termination of its "Haili High-End Energy Equipment Manufacturing Project."
Background
- On March 27, 2024, following approval by the Chairman, the Company agreed to sign a Project Construction Agreement with the Management Committee of Jiangsu Rudong Coastal Economic Development Zone.
- The Company planned to invest in and construct the "Haili High-End Energy Equipment Manufacturing Project" within the Rudong Coastal Economic Development Zone, with a total investment of no less than RMB 500 million.
- On July 29, 2024, the Company held the Second Meeting of the Third Board of Directors and the Second Meeting of the Third Supervisory Board, approving the Proposal on Outward Investment.
- The meetings authorized the Company and the Management Committee to sign a Supplementary Agreement, increasing the project investment from RMB 500 million to RMB 1 billion.
- For further details, refer to the Announcement on Outward Investment disclosed on CNINFO on July 29, 2024 (Announcement No.: 2024-040).
Termination and New Investment
Based on strategic considerations and long-term development needs, the Company has decided:
- To further optimize its industrial layout
- To maximize resource utilization efficiency
- To comprehensively consider overall strategic benefits
Through friendly consultation, the Company has agreed to:
- Terminate the original "Haili High-End Energy Equipment Manufacturing Project"
- Re-sign an investment contract to use the land originally allocated for this project for the production of fuel storage tank-related products under Beijing Jirui Xingji Technology Co., Ltd., a controlled subsidiary of the Company
For further details, refer to the Announcement on Outward Investment by Controlled Subsidiary and Signing of Investment Agreement disclosed on CNINFO on the same day (Announcement No.: 2026-024).
Impact Assessment
- The termination was decided through friendly consultation, based on the Company's future operational development needs and the principle of optimal resource allocation.
- There is no breach of contract liability for the Company regarding the termination of this investment project.
- The termination will not impact the Company's overall business development.
- It will not have a material effect on the Company's financial condition or operating activities.
- There are no circumstances that would harm the interests of the Company or all its shareholders.
Source
证券之星-公司新闻Neutral / independent
Part of this Story
Haili Wind Power Cancels $1 Billion Energy Project, Shifts to Fuel Storage Tanks Amid Loss