Shao Jun, Chairman of Digital New Energy, and His Delegation Visited Red Lion Group

On October 31, Shao Jun, Chairman of Digital New Energy, and his delegation visited Red Lion Group and were warmly received by Zhang Xiaohua, Chairman of Red Lion Group. The two sides had in-depth exchanges on the development trend of photovoltaic polysilicon industry.

In 2022, Red Lion Group began to set foot in the field of photovoltaic raw material manufacturing. It acquired Asia Silicon Industry (Qinghai) Co., Ltd. and became the controlling shareholder, formally entering the photovoltaic track. As the sixth largest polysilicon enterprise in terms of production capacity and the top five in terms of sales volume, Asia Silicon Industry has an annual production capacity of 90,000 tons of polysilicon.

In addition, at the end of March this year, Red Lion Group built an annual output of 100000 tons of polysilicon and supporting projects in Haidong City, Qinghai Province. At present, polysilicon has become a new growth point of Red Lion Group.

Zhang Xiaohua said that Red Lion Group has decided to build the development strategy of "cement + polysilicon" dual-industry pattern, strengthen and refine cement, and accelerate the layout of polysilicon to form a scale. During the

exchange, Zhang Xiaohua was very optimistic about the future development prospects and space of the photovoltaic industry . He said that in the context of the global energy crisis and climate issues, "double carbon" has become the main line of economic growth, new energy is an important way to reduce carbon, and photovoltaic will change from supplementary energy to main energy. Broad prospects for development. Polysilicon is in the upstream of the industrial chain and has strong bargaining power, which matches the organizational ability of Red Lion and complements the cement industry. Red Lion Group has entered the polysilicon industry from a high starting point through the way of "merger and acquisition + new construction".

In the future, Red Lion Group will focus on the upstream raw material manufacturing links such as polysilicon in the photovoltaic field, and actively seek opportunities for overseas market development based on the domestic market.