LONGi Co., Ltd.: 8 subsidiaries of the company signed a long-order purchase agreement for polysilicon materials with 4 subsidiaries of Tongwei Co., Ltd._Oriental Fortune Network

　　LONGi(SH 601012, latest price: 79.6 yuan) Released on March 22announcementsaid that, according to the company’sTongwei sharesThe “Cooperation Agreement” signed by the Co., Ltd. on September 25, 2020LONGiwithTongwei sharesA long-term and stable cooperation intention for the supply and demand of polysilicon has been established.According to the company andTongwei sharesCo., Ltd. (hereinafter referred to as “Tongwei Co., Ltd.”) signed the “Cooperation Agreement” on September 25, 2020. The company has established a long-term and stable polysilicon supply and demand cooperation intention with Tongwei Co., Ltd. (For details, please refer to the company’s 2020 The relevant announcement disclosed on September 26). On this basis, according to the company’s strategic planning and business needs, in order to ensure the stable supply of the company’s polysilicon materials, on March 21, 2022, the company’s 8 subsidiaries (Yinchuan LONGi Silicon Materials Co., Ltd., Ningxia LONGi Silicon Materials Co., Ltd. , Lijiang LONGi Silicon Materials Co., Ltd., Huaping LONGi Silicon Materials Co., Ltd., Yinchuan LONGi Photovoltaic Technology Co., Ltd., Baoshan LONGi Silicon Materials Co., Ltd., Qujing LONGi Silicon Materials Co., Ltd., Tengchong LONGi Silicon Materials Co., Ltd., hereinafter collectively referred to as “Party A” ) and 4 subsidiaries of Tongwei Co., Ltd. (respectively Sichuan Yongxiang Polysilicon Co., Ltd., Sichuan Yongxiang New Energy Co., Ltd., Inner Mongolia Tongwei High-Purity Crystalline Silicon Co., Ltd., Yunnan Tongwei High-purity Crystalline Silicon Co., Ltd., hereinafter collectively referred to as “Party B”) A long-order purchase agreement for polysilicon materials has been signed. According to the agreement, the transaction volume of polysilicon materials between the two parties from January 2022 to December 2023 will be 203,600 tons.

BookcontractIt is a two-year polysilicon purchase agreement. The contract stipulates that the purchase volume is 203,600 tons. The specific order price is negotiated monthly. According to the current market price, the total contract value is about 44.2 billion yuan.This contract is based on the “Cooperation Agreement” signed by both parties on September 25, 2020.non-ferrous metalsThe average transaction price of single crystal high-purity silicon material announced by the Silicon Industry Branch of the Industrial Association on March 16, 2022 is estimated at 245,300 yuan / ton. 107.42% of the company’s audited operating costs in 2020.The signing of this contract is in line with the company’s future business needs. Through the long-term order method of locking the volume and not locking the price, monthly price negotiation, and batch purchase, it is conducive to ensuring the long-term stable supply of the company’s polysilicon raw materials, and will not affect the company’s current period.performancehave a direct impact. The company’s main business will not rely on the counterparty due to the performance of this contract, and will not affect the company’s business independence.

　　LONGiThe chairman of the board is Zhong Baoshen, male, 55 years old, with a bachelor’s degree; the general manager is Li Zhenguo, male, 54 years old, with a master’s degree.

(Article source: Daily Economic News)

Article source: Daily Economic News

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Original title: LONGi Co., Ltd.: 8 subsidiaries of the company signed a long-term purchase agreement for polysilicon materials with 4 subsidiaries of Tongwei Co., Ltd.