On June 1, Zhongli Group issued an announcement that the company disclosed the "announcement on the signing of wholly-owned subsidiaries" on March 12, 2021. Suzhou Tenghui Photovoltaic Technology Co., Ltd. (hereinafter referred to as "Teng Hui Photovoltaic"), a wholly-owned subsidiary of the company, signed an Investment Framework Agreement with the Management Committee of Jiangsu Siyang Economic Development Zone. After friendly consultation and in line with the principles of mutual benefit, honesty and trustworthiness, equality and voluntariness, the two sides reached an agreement on the proposed phased investment in the construction of 5GW photovoltaic panels + 5GW photovoltaic modules by Teng Hui Photovoltaic in Siyang Economic Development Zone.
Recently, the first phase of the 5GW large-size and high-efficiency photovoltaic module project built by Siyang Teng Hui New Energy Technology Co., Ltd. (hereinafter referred to as "Siyang Teng Hui") in Siyang Economic Development Zone, Suqian City, Jiangsu Province, has been successfully offline and officially put into production. The project is one of the overseas investment and expansion projects of Teng Hui Photovoltaic in 2021. Since the start of the project, engineers and technicians have worked hard to overcome various difficulties and completed and put into production as planned.
Through this expansion, the company accelerates the layout of large-size and high-efficiency photovoltaic modules, and the commissioning of this project will expand the overall scale advantage of Teng Hui photovoltaic and improve the production efficiency and product conversion efficiency of automated intelligent manufacturing. It will help to further improve the market share and technical level of the company's products in the new energy field, enhance the dominant position of the industry, enhance the production capacity of the company's high-tech products, and seize market share. Improve the company's comprehensive competitiveness and overall profitability.
