On the evening of July 14, Letong shares announced that the company signed the "Industrial Investment Cooperation Framework Agreement" with the Zhejiang Anji Economic Development Zone Management Committee. The parties jointly invest in the establishment of a holding subsidiary (project company) to build a high-efficiency heterojunction cell and module intelligent manufacturing project.

The initial investment of the project is 250 million yuan, all paid up as registered capital; the total investment of the project is about 4.7 billion yuan, of which the investment in fixed assets is about 3 billion yuan. It is planned to build 4.8GW high-efficiency heterojunction cells + 4.8GW cell Automatic intelligent production line. The project is implemented in two phases. The total investment in the first phase is 1.6 billion yuan, and the total investment in the second phase is 3.1 billion yuan. The project plant plan is planned to be completed in one go.

The announcement also pointed out that in order to successfully implement this project, Letong has set out to build a professional team for the implementation of high-efficiency heterojunction solar cells and module intelligent manufacturing projects, covering multiple key areas such as technology, market, operation, supply chain, and investment and financing. The professional personnel of the post have the personnel base to implement this project. As of the date of this announcement, some personnel have joined Letong Stock.