[SMM Announcement] Announcement on the Addition of Price Points for 'TOPCon Module-182mm-CIF Malaysia, TOPCon Module-210mm-CIF Malaysia, TOPCon Module-210R-CIF Malaysia'

Dear User,

Greetings! The PV industry is currently accelerating its transition to N-type technology, with TOPCon modules emerging as a core product in major global markets due to their superior power density. Meanwhile, against the backdrop of increasingly complex global trade conditions and fluctuating international logistics costs, the market is demanding greater transparency in pricing information. Standalone FOB prices can no longer adequately meet the needs of upstream and downstream players in the industry chain for accurately calculating overseas landing costs. As CIF prices more directly reflect the actual competitiveness of products in target markets, their importance as a basis for trade settlement and a tool for risk hedging has become increasingly prominent.

To better understand the actual CIF market conditions for module exports to Southeast Asia and help enterprises reduce transaction risks and costs amid complex trade dynamics, SMM, after a period of market observation and surveys, plans to officially add the following product prices starting January 23, 2026, as references for market transactions:

• TOPCon Module-182mm-CIF Malaysia  
• TOPCon Module-210mm-CIF Malaysia  
• TOPCon Module-210R-CIF Malaysia  

The published prices are all CIF prices for major ports in Malaysia. Specific specifications and descriptions are as follows:

Price Point Names:
TOPCon Module-182mm-CIF Malaysia  
TOPCon Module-210mm-CIF Malaysia  
TOPCon Module-210R-CIF Malaysia  

Price Description:

• Price Type: CIF Major Ports in Malaysia  
• Tax Standard: Tax-excluded  
• Definition: CIF Price for Major Ports in Malaysia  
• Unit: $/W  
• Leading Brands: LONGi Green Energy Technology Co., Ltd., Jinko Solar Co., Ltd., Trinasolar Co., Ltd., JA Solar Co., Ltd., CSI Solar, CHINT Group Co., Ltd., etc.  
• Minimum Trading Volume: 10 MW  
• Delivery Period: Within 3 months  
• Release Time: Every Friday at 11:00 AM Beijing Time  
• Payment Terms: Cash, and other payment methods standardized to cash  

SMM PV Research Team
January 13, 2026