Maxwell Technologies to restructure debt, adjust investment fund stake

Suzhou Maxwell Technologies will restructure 370.9245 million yuan in accounts receivable from Gansu Golden Crystal Photovoltaic Co., Ltd.'s affiliates, resulting in an estimated loss of 85.4650 million yuan. This follows the approval of Golden Crystal Photovoltaic's reorganization plan, converting debt into shares and cash. Maxwell expects to receive 0.2 million yuan in cash and 11,410,421 shares of Golden Crystal, valued at 32.49 yuan per share. The restructuring accelerates cash flow and mitigates receivable risk.

Additionally, Maxwell is adjusting its commitment to the Zhangjiagang Chao Xi You Shi II Equity Investment Partnership. Originally committing 100 million yuan, the company will now reduce its capital contribution to 50 million yuan, having already contributed 20 million yuan. This adjustment also impacts the fund's overall capital, which will increase to 720 million yuan from 700 million yuan.

These actions aim to optimize the company's financial health and manage its operational risks.