000591SZSE
🚨 Material Event

Announcement on the Freezing of Special Accounts for Raised Funds of Subsidiaries

CECEP Solar Energy Co., Ltd.··3 pages

✨ AI Summary

This announcement details the freezing of special accounts for raised funds of two subsidiaries, Guoneng Lingang and Guoneng Cehong, by the Cehong County People's Court. The frozen amount is RMB 44.09 million, representing 2.02% of the company's cash balance. The company believes this will not materially impact operations or project development.

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Full Translation

AI Translation· gemini_document

Securities Code: 000591

Bond Code: 127108

Bond Code: 149812

Bond Code: 148296

Bond Code: 524739

Securities Abbreviation: Sunergy

Bond Abbreviation: Taineng Convertible Bond

Bond Abbreviation: 22 Sun G1

Bond Abbreviation: 23 Sun GK02

Bond Abbreviation: 26 Sun GK01

Announcement Number: 2026-68

China Energy Conservation Solar Energy Co., Ltd.

Announcement on the Freezing of Special Accounts for Raised Funds of Subsidiaries

The company and the board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

China Energy Conservation Solar Energy Co., Ltd. (hereinafter referred to as the "Company") recently received execution rulings from the Cehong County People's Court (hereinafter referred to as the "Cehong Court") for its subsidiaries, China Energy Conservation Lingang Solar Technology Co., Ltd. and China Energy Conservation Cehong Solar Technology Co., Ltd. (hereinafter collectively referred to as "Lingang Company" and "Cehong Company"). The rulings ordered the freezing and deduction of bank deposits totaling RMB 44,090,874 and corresponding interest, case acceptance fees, and preservation fees payable by the judgment debtor, as well as the withholding and deduction of distributable income, or the seizure and detention of property of equivalent value. Upon verification, the special accounts for raised funds opened by Lingang Company and Cehong Company at the China Merchants Bank Co., Ltd. Beijing Branch Business Department have been judicially frozen. The specific information is as follows:

I. Information on Frozen Special Accounts for Raised Funds

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