Harbin Electric Issues Clarification on Fund Utilization in 2024 Annual Report
Harbin Electric Company Limited has issued a supplemental announcement clarifying the use of funds from their 2017 domestic share subscription. Initially planned for full utilization by December 2023, the funds were fully deployed by December 31, 2024, towards a nuclear power technology upgrade project. This correction, detailed in their 2024 annual report, does not affect any other content of the report.
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