Daquan Energy’s private placement funds have been used to launch the “100,000 tons per year high-purity silicon-based materials production project”

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The \"100,000 tons per year of high-purity silicon-based materials production project\", funded through Dalian Energy’s private placement, has gone into operation. On April 18, Dalian Energy issued a statement stating that the production facilities for this project, which was funded by the issuance of A-share stocks to specific investors in 2022, were ready for operation on March 15, 2023, and have since started functioning. Recently, the first batch of high-purity polysilicon rods produced on this production line was successfully manufactured and taken off the line. The commissioning of this project funded by the raise marks a new improvement in the company’s production volume, quality, and cost efficiency. It will help to increase the company’s market share, further strengthen its competitiveness in the domestic high-purity polysilicon industry, and have a positive impact on the company’s financial performance.