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Trina Solar has declared its intention to scale down the raised capital investment in the '35GW Annual Production Capacity of Czochralski Monocrystalline Project'. Specifically, it will cancel the Phase II 15GW segment of the project. The remaining 1.7 billion yuan of raised funds will be redirected towards the new 'Distributed Smart Photovoltaic Power Station Construction Project'. This new venture is anticipated to reach completion and commence operations by the end of 2026. Trina Solar explained that this strategic shift is aimed at boosting the efficiency of fund utilization, refining resource allocation, and solidifying its market standing, all without disrupting the company's regular operations. However, the implementation of this plan is contingent upon obtaining approval from both the company's shareholders' meeting and the bondholders' meeting.
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