TCL Zhonghuan intends to invest in the Target Company through the transfer of shares, acceptance of voting rights entrustment, capital increase , etc. In this transaction, the major shareholders intend to transfer all or part of the shares of Yidao New Energy held by them. The specific transfer price and transaction mode shall be separately agreed upon by the relevant parties in subsequent agreements.

In view of the purpose and impact of this transaction, TCL Zhonghuan said that
1, the company's photovoltaic will help to improve the efficiency and efficiency of industrial economic operation and promote the healthy and healthy development of the photovoltaic industry.
2. Improving the layout of the industrial chain and accelerating the completion of business shortcomings are important business strategies of the company. This investment in key assets matching the company's long-term strategic requirements will help to coordinate and optimize the company's photovoltaic cells , this investment will help to integrate the product technology capabilities of both sides." Accelerate breakthroughs in new technologies and product capabilities such as BC batteries, and enhance the company's leading edge in the global photovoltaic industry.
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