JYT announced that the Phase I 12-gigawatt monocrystalline rod pulling and squaring project under the Leshan 24-gigawatt program has officially been in production for five years. The company is in communication with Leshan High-Tech Investment regarding an extension of the buyback of its 30 percent stake. The project is operated by Leshan New Materials, a project company jointly funded by JYT and Leshan High-Tech Investment, with JYT holding 70 percent and High-Tech Investment holding 30 percent. According to the agreement, JYT has the right to buy back the stake within five years of the Phase I project's official production start. If no notice is given after five years, it must acquire the full stake. The extension is still subject to approval by relevant authorities or review procedures, and the specific timing and plan have yet to be determined.
Beijing Jingyuntong Technology Co LtdNegotiating extension of equity buyback obligation; outcome uncertain.
Extension of buyback timeline for its 30% stake in Leshan New Materials.