Micro-conductance nanometer photovoltaic equipment project delayed!

　　On December 18, Micro-Nano Guide (SH:688147) issued an announcement stating that the company held its 20th meeting of the second board of directors and the 18th meeting of the second board of supervisors today, reviewing and approving the "Proposal on the Completion of Some Investment Projects and the Postponement of Some Investment Projects." The company agreed to complete the investment project "Expansion and upgrading project of semiconductor supporting equipment based on atomic layer deposition technology," and agreed to postpone the completion of the investment project "Expansion and upgrading project of photovoltaic and flexible electronic equipment based on atomic layer deposition technology" to December 2025. This adjustment does not change the investment direction, implementing entity, and implementation method of the investment project and will not have a substantial impact on the implementation of the investment project.

　　The announcement pointed out that the investment project "Expansion and upgrading project of photovoltaic and flexible electronic equipment based on atomic layer deposition technology" was determined by the company based on comprehensive factors such as the development trend of downstream industries, business development needs, and the company's development strategy, and has undergone sufficient feasibility studies. However, during the implementation of the project, a temporary supply and demand mismatch occurred in the downstream photovoltaic industry. Considering the economic nature of photovoltaic power generation and the industry's gradual elimination of excess capacity, the photovoltaic industry still has considerable growth potential in the long term, which will bring continuous business opportunities to photovoltaic equipment manufacturers. Against this backdrop, to ensure that the company's investment projects can be implemented steadily, reduce the risk of using raised funds, and ensure the safety and reasonable use of funds, the company, while maintaining the unchanged investment direction, implementing entity, and implementation method of the investment project, slowed down the construction pace and postponed the above-mentioned investment project.

　　Micro-Nano Guide stated that the postponement of this investment project is a prudent decision made by the company based on the actual situation and investment progress of the project. It only involves changes in the project's progress and does not change the investment direction, implementing entity, and implementation method of the investment project, and will not have a substantial impact on the implementation of the investment project. There is no situation that changes or deceptively changes the use of raised funds or other situations that harm the interests of shareholders.