On November 19, the establishment of Hongdao New Material Technology (Ningxia) Co., Ltd. and the commencement ceremony of 10g W high-efficiency photovoltaic module functional film project were held in the clean energy industrial park of Tongxin Industrial Park in Ningxia. On
November 8, Tongxin County and Suzhou Hongdao signed an agreement of intent for the construction of 10g W high-efficiency photovoltaic module functional film production base project. Ten days later, Suzhou Hongdao New Materials Co., Ltd. registered and established Hongdao New Materials Technology (Ningxia) Co., Ltd. locally, and started construction of 10g W high-efficiency photovoltaic module functional film project in the clean energy industrial park of Tongxin Industrial Park in Ningxia.