Lingpai Technology (300530.SZ) subsidiary terminates an energy storage system equipment contract with a customer

Zhitong Finance App News, Lingpai Technology (300530.SZ) announced that Hunan Lingpai Energy Storage Technology Co., Ltd. (Party B), a wholly-owned subsidiary of the company, previously signed a “100mW/200MWh Energy Storage Power Plant Project Energy Storage System Equipment Purchase Contract” with a customer (Party A). After the original agreement was signed, due to reasons such as failure to pass the land approval procedures for Party A's project site, etc., the project was not started as scheduled and is still at a standstill. In addition, since it has been more than a year since the contract was signed, the market price of energy storage equipment has dropped drastically. If the contract continues to be executed, it will cause Party A to bear a heavier financial burden than the current market price. At the same time, in order to respond to the requirements agreed in the contract and successfully fulfill its contractual obligations, Party B has actively purchased raw materials for human and material production, as required by Party A at any time. Party A requires design The plan is to stock 10 units of energy storage equipment, which has now become sluggish, and both parties have invested heavily. After friendly negotiations, the original procurement contract signed by both parties A and B was terminated and no longer continued to be carried out.