900 million silicon wafer orders! GCL Integration intends to purchase 1.06GW silicon wafers from GCL Technology

of April 26, Xiexin Integration issued the Announcement of Xiexin Integration Technology Co., Ltd. on the Signing of Silicon Wafer Procurement Contract and Related Transactions.

The announcement shows that Xiexin Integration Technology Co., Ltd. and Xiexin Science and Technology (Suzhou) Co., Ltd. intend to sign the Silicon Wafer Sales Contract, and the company can purchase silicon wafers from Xiexin Science and Technology Suzhou according to the silicon wafer contract, with the purchase volume not exceeding 1.06 GW in 2023, totaling about 138.8 million wafers. The total purchase amount shall not exceed RMB900 million, and the transaction price of silicon wafers shall be discussed by both parties on a monthly basis, subject to the purchase order signed by both parties. The

de facto controller of the Company, Mr. Zhu Gongshan, indirectly controls 23.67% equity interest in GCL Technology Holdings Limited (Stock Code: HK. 03800), and GCL Technology Holdings Limited indirectly controls 100% equity interest in GCL Technology (Suzhou) Co., Ltd. Therefore, GCL Technology (Suzhou) Co., Ltd. is a related party of the Company. This transaction constitutes a related party transaction, but does not constitute a major asset reorganization stipulated in the Measures for the Administration of Major Asset Reorganization of Listed Companies.