Securities Code: 002129
Securities Abbreviation: TCL Zhonghuan
Announcement Number: 2026-048
TCL Zhonghuan Renewable Energy Technology Co., Ltd.
Announcement on Subsidiary's Investment in Construction Project
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Special Notes:
-
The project is in the preparatory and launch phase. The total investment, construction period, and economic benefits are all estimated figures, and the specific data will be subject to actual conditions. The project construction process involves environmental impact assessment, project approval, planning, design, construction, and other stages, which require approval from relevant departments. The project's commencement is uncertain.
-
The project's progress and benefits may be affected by risks such as policy changes, market fluctuations, and industry competition.
-
The project's total investment is substantial. The Company will raise project investment funds by integrating its own capital, equity financing, and debt financing based on market conditions and project implementation progress. The construction period is relatively long, and the Company will invest in batches according to project progress. It is not expected to have a significant impact on current performance.
-
The semiconductor materials industry is currently operating at a loss. The project may face various technical and business risks during its implementation, such as capacity ramp-up and customer qualification, which may lead to uncertainty regarding future profitability.
-
The Company will closely monitor the progress of the investment and actively prevent and respond to potential risks during project implementation. It will fulfill information disclosure obligations in a timely manner in accordance with relevant laws, regulations, and normative documents. Investors are advised to be aware of the risks and invest rationally.
I. Overview of the Proposed Investment Project
(I) Basic Information
In accordance with the strategic and business development needs of TCL Zhonghuan Renewable Energy Technology Co., Ltd. (hereinafter referred to as the "Company") and its holding subsidiary Zhonghuan Leading Semiconductor Technology Co., Ltd. (hereinafter referred to as "Zhonghuan Leading"), and to seize semiconductor market opportunities and achieve the Company's long-term sustainable development, it is proposed to invest in the construction of the "Integrated Circuit Semiconductor Large Silicon Wafer Shenzhen Project" (hereinafter referred to as the "Shenzhen Large Silicon Wafer Project" or the "Project") with Shenzhen Zhonghuan Leading Semiconductor Materials Co., Ltd., a subsidiary of Zhonghuan Leading (hereinafter referred to as "Shenzhen Zhonghuan Leading" or the "Project Company"), as the investment entity. The total investment for this project is estimated to be approximately RMB 11,960,000,000 (the final total investment shall be subject to actual investment). Of this amount, registered capital funded by the Company's own funds will not exceed 40% of the total investment. The difference between the total project investment and the actual self-funded capital will be resolved through equity financing of the project company, syndicated loans to the project company, or other legally compliant methods.