Sunoren Solar extends convertible bond project deadline to 2025

Zhejiang Sunoren Solar Technology (SSE:603105) is extending the implementation deadline for its distributed photovoltaic power station construction project, funded by its CNY 880 million convertible bond issuance in 2023, to October 2025. According to the continuous supervision report by China Merchants Securities, the underwriter for the bond offering, the company has been actively deploying its raised funds following regulations. While the deadline has been extended, the company's total investment remains unchanged. Sunoren has been urged to further strengthen internal control and ensure compliance. The company stated it would carry out the change and placement of relevant roof resources or adjust the use plan of raised funds, if eventually after the company assessment confirms that the related extension power station construction sub-item continues to implement can not achieve the company's expected reasonable investment yield rate or the owner's roof resources planning changes lead to the project can not be implemented according to the original plan. All the announcements issued by Sunoren accurately reflect their finances and situation.