On May 22, Tbea Co.Ltd(600089) ( Tbea Co.Ltd(600089) ) announced that during the promotion of Xingtang 200MW photovoltaic project, there were problems such as inadequate mass work, non-standard contract signing procedures, lack of supervision, construction violations and other violations. At present, the construction of the project has been stopped. Relevant departments have filed an investigation on the crime of suspected sabotage of production and operation during the construction of Xingtang company, and taken compulsory measures of criminal detention for the project leader according to law, but the relevant investigation has not been completed.
Tbea Co.Ltd(600089) said that Xingtang 200MW photovoltaic project is still in the early stage of project construction, with less capital investment, and the event has little impact on the operation of the company. However, the incident had a certain negative impact on the society. The company sincerely apologized to the villagers, the majority of investors and the society.
