Shenzhen SC New Energy completes project, extends others, boosts forex hedging

Shenzhen SC New Energy Technology Corp. announced the completion of its "High-efficiency Crystalline Silicon Solar Cell Equipment Industrialization Project – Large-size Multi-chamber Diffusion Furnace and PECVD Equipment Production Line Construction" fundraising investment project, which achieved planned operational status as of November 30, 2025. Remaining funds from this project, totaling 10,597.60 yuan, will be temporarily held in the dedicated fundraising account. The company attributed cost savings to adopting external processing and optimizing research and development.

In addition, the company has extended the completion dates for two other fundraising projects: the "High-efficiency Solar Cell Equipment Industrialization Project – Two-in-One Transparent Conductive Film Equipment (PAR) Industrialization Project" from December 31, 2025, to December 31, 2026, and the "Third-Generation Semiconductor Equipment R&D Project" from December 31, 2025, to December 31, 2027. These extensions are due to the actual construction progress of new factory buildings.

Furthermore, the company's board approved an increase in its foreign exchange derivatives trading quota from $1.9 bn to $3 bn. This decision, approved on December 11, 2025, aims to mitigate foreign exchange risks, optimize financial costs, and enhance exchange gains amid expanding international operations. The board also approved the nomination of Mr. Huang Wei as a non-independent director candidate.