Maiwei Co., Ltd.: Plans to invest 3.5 billion yuan to build a perovskite battery project

Maiwei Co., Ltd. announced that it intends to sign an “Investment Agreement” with the Management Committee of the Wujiang Economic and Technological Development Zone. The project will be located in the Wujiang Economic and Technological Development Zone, with the eastern boundary at Fajia Road, the western boundary at open land, the southern boundary at open land, and the northern boundary at Dajing Road. It plans to invest and build a “Perovskite Tandem Battery Complete Equipment Project.” The company plans to invest 3.5 billion yuan in total using its own funds and self-raised funds, with total investment of approximately 3.5 billion yuan. It intends to bid for approximately 135 mu of industrial land, with a land use term of 50 years. The board of directors has already reviewed and approved the matter, and therefore it does not need to be submitted to the shareholders’ meeting for consideration. After the agreement is signed, it will become effective. This does not constitute a related-party transaction or a major asset restructuring.