Recently, Hangzhou Fulaixante Future Technology Research Institute Co., Ltd. (Hereinafter referred to as "Fulaixante Research Institute") signed a cooperation agreement with China Huaneng Group Clean Energy Technology Research Institute Co., Ltd. (Hereinafter referred to as "Huaneng Qingneng Institute"). The agreement mainly focuses on the cooperation between Freanch Research Institute and Huaneng Qingneng Institute in the fields of HJT, perovskite and other new photovoltaic technologies, including the authoritative application evaluation of new packaging technologies, the development and application of perovskite basic materials and lamination technologies. According to
the data, Freanter Research Institute is a wholly-owned subsidiary of Hangzhou Freanter Co., Ltd. (Hereinafter referred to as "Freanter"), which is mainly engaged in the research and development of new materials technology, dyes and emerging energy technologies. Founded in 1998, Freanch is a company whose main business is to develop, produce and sell disperse dyes and their filter cakes. It was listed on the Shanghai Stock Exchange in October 2021. In addition to the dye plate, the company also has a solar cell packaging film business.