According to CoinMeta, JunDa Co., Ltd. announced that due to significant changes in the external business environment and project implementation conditions, it has decided to terminate the 5GW high-efficiency battery production base project in Oman. The project has not yet commenced substantive construction, and the initial investment was relatively small. The land lease contract has been agreed to be terminated. The remaining funds raised through H-share issuance, amounting to HK$963 million, which were originally planned for this project, are intended to be reappropriated for the research and development of photovoltaic battery products, technological upgrades, production line renovations, strategic procurement of raw materials, and as working capital. This change in the use of the raised funds still needs to be submitted to the company's shareholders' meeting for review.