Expand production again! Yonghe Intelligent Control 10g W Super High Efficiency N-type Photovoltaic Cell Manufacturing Project Signed

18 May, Yonghe Intelligent Control issued the Announcement of Yonghe Fluid Intelligent Control Co., Ltd. on the Signing of the Letter of Intent for Cooperation in the Ultra-High Efficiency N-type Photovoltaic Cell Manufacturing Project (Pule Taixing Phase II Project) by the Company's Holding Subsidiary and the Management Committee of Taixing High-tech Industrial Development Zone, Jiangsu Province. The

announcement said that the company's holding subsidiary, Puletaixing, is a development platform for the development of N-type photovoltaic cell projects. According to the relevant announcements disclosed by the company earlier, Puletaixing's N-type photovoltaic cell project will strive to expand to 2GW capacity in 2023 and reach a total capacity of 5GW in 2024 on the basis of 1GW capacity. Strive to reach a total capacity of 10GW by 2025. As of the disclosure date of this announcement, the first piece of Phase I of Pule Taixing N-type TOPCon battery project has been offline.

The announcement shows that in order to continuously promote the company's overall development strategy, further expand the company's business scale in the photovoltaic cell industry, and meet the company's future business expansion capacity. Based on the common development aspirations and mutually compatible development advantages, on the basis of the cooperation of the first phase of 2G W photovoltaic cell project, Puletaixing and the Management Committee of Taixing High-tech Industrial Development Zone of Jiangsu Province signed the Letter of Intent for Cooperation of Ultra-high Efficiency N-type Photovoltaic Cell Manufacturing Project (Puletaixing Phase II Project) on May 17, 2023. The two parties will jointly invest in the construction of an ultra-efficient N-type photovoltaic cell manufacturing project, with an estimated total of 10GW in the two bid sections (4G W in the first bid section and 6GW in the second bid section). The Management Committee of

Jiangsu Taixing High-tech Industrial Development Zone shall provide the industrial land and construct and deliver the standardized industrial plant according to the requirements of Party B for Party B's production, sales and research and development of high-efficiency solar photovoltaic N-type cells, and complete the obligation to repurchase the property rights of the plant within the assessment period.

It is reported that on November 28, Yonghe Intelligent Control signed an agreement with the Management Committee of Taixing High-tech Industrial Development Zone in Jiangsu Province to obtain plant support and supporting policy support not less than 2G W battery capacity in Taixing.