SMM

["Failed Acquisition by Tongwei: Runergy Introduces Two Major PV Equipment Manufacturers Through Debt-to-Equity Swap"] ① Autowell and Jiejia Weichuang stated that the purpose of this debt-to-equity swap is to quickly resolve customer arrears, accelerate the recovery of company loans, and strengthen cooperation with customers; ② The debt-to-equity swap includes an IPO performance commitment agreement, requiring Runergy to complete an A-share listing or be acquired within five years. This poses certain challenges for Runergy, which is currently facing losses, lawsuits, production halts, and other difficulties. (Sci-Tech Innovation Board Daily)