Trina Solar plans to jointly invest in a number of projects such as high-purity silicon with companies affiliated to Tongwei Co., Ltd.

SMM News: according to the strategic development plan of Trina Solar Energy Co., Ltd. (hereinafter referred to as "Trina Solar Energy" or "the Company"), in order to give full play to the leading advantages of both sides in all aspects of the photovoltaic industry chain, further strengthen strategic cooperation and achieve win-win cooperation, The company signed the Joint Venture Agreement with Sichuan Yongxiang Co., Ltd. (hereinafter referred to as Yongxiang Co., Ltd.) and Tongwei Solar Energy Co., Ltd. (hereinafter referred to as Tongwei Solar Energy), which are subordinate to Tongwei Co., Ltd. (hereinafter referred to as Tongwei Co., Ltd.). A cooperation agreement has been reached on the establishment of a project company and joint investment in the project with an annual output of 40,000 tons of high purity crystal silicon, an annual 15GW pull rod project, an annual 15GW chip project, an annual 15GW high efficiency crystal silicon battery project, and the annual purchase of high efficiency crystal silicon batteries from the cooperative project company.

According to the agreement, the proportion of shares of the company in each project company is 35%, and the total amount of registered capital contribution is about 2.1 billion yuan (of the total investment amount of each project, in addition to the registered capital, the amount shall be settled by each project company through self-financing), in accordance with the "Science and Technology Innovation Board Stock Exchange Stock listing rules", "articles of Association" and other relevant provisions, The above investment matters need not be submitted to the company's board of directors and shareholders' general meeting for consideration.