Hongyuan New Material (Baotou) Co., Ltd.

Hongyuan New Material (Baotou) Co., Ltd. (hereinafter referred to as "Hongyuan New Material") was established in 2019 as a wholly-owned subsidiary of Hongyuan Green Energy Co., Ltd. (stock code: 603185), with a registered capital of 700 million yuan. The company is mainly engaged in the R&D, processing, manufacturing, and sales of Czochralski monocrystalline silicon rods and related products. As a fundamental material for photovoltaic power generation, its products are widely used in the solar energy field, with broad market space and promising development prospects. The Hongyuan New Material (Baotou) monocrystalline silicon project is located in the new planned area of the Equipment Manufacturing Industrial Park, Qingshan District, Baotou City, Inner Mongolia. The total investment of the project is 25.3 billion yuan, covering a total area of 1220 mu, with a total construction area of 1.26 million square meters. The project is constructed in four phases, aiming to establish an annual production capacity of 75GW of monocrystalline silicon pulling and 45GW of wafer slicing, ranking at the forefront of the industry. Upon full completion and operation, it is expected to provide employment for up to 15,000 people. The company has completed the first three phases of the project, with an investment of 10.5 billion yuan, all achieving "commencement and operation within the same year," and now possesses an annual production capacity of 35GW of monocrystalline silicon pulling and 25GW of wafer slicing, ranking among the top three in the industry. The fourth phase, involving 40GW of monocrystalline silicon pulling and supporting facilities, with a total investment of 14.8 billion yuan, is scheduled to be completed and put into operation successively in 2023.