On December 13th, Daquan Energy announced that it has recently signed an "Investment Agreement for Daquan Energy Silicon-based New Material Industrial Park Project" with the government of Shihezi City, the Shihezi Economic and Technological Development Zone Management Committee, and Tianfu Energy. The agreement stipulates that the company will invest in and construct the "Daquan Energy Silicon-based New Material Industrial Park Project" in Shihezi City, Xinjiang. The project plans to invest a total of RMB 15 billion in fixed assets, divided into two phases. The first phase involves a planned investment of RMB 7.5 billion, and the construction of an annual output of 50,000 tons of polysilicon, along with supporting projects for 150,000 tons of industrial silicon and 1.2 million pieces of round silicon cores. The second phase plans to invest RMB 7.5 billion, and construct an annual output of 50,000 tons of polysilicon, along with supporting projects for 150,000 tons of industrial silicon and 1 million pieces of round silicon cores.