On December 11, Huitian New Material issued a progress announcement on the investment and construction of photovoltaic backplane projects in Vietnam.
The announcement shows that Huitian Rongsheng (Hong Kong) Co., Ltd., a wholly-owned subsidiary of the company, intends to set up a wholly-owned subsidiary in Vietnam and invest in the construction of a photovoltaic backplane project with an annual output of 26 million square meters (that is, solar cell backplane). It has obtained the Enterprise Registration Certificate issued by the Business Registration Office of the local Investment and Planning Department.