Changzhou Shichuang Energy (688429.SH) signed a technology cooperation and development contract with Tongwei Co., Ltd.

Changzhou Shichuang Energy (688429.SH) announced that based on the company's independent research and development of the PERC cell technology, the company signed a strategic cooperation agreement with Tongwei Co., Ltd. and Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. in August 2024 to jointly promote the development and mass production of the PERC cell technology. Building on the existing strategic cooperation, the company further signed a technology cooperation and development contract with Tongwei Co., Ltd. to accelerate the transformation of the PERC cell technology from the laboratory to commercial production and clarify the rights and obligations of both parties in the technology development cooperation to achieve long-term cooperation and competitive advantage. The cooperation aims to quickly transition the PERC cell technology from the laboratory to commercial production through collaboration with equipment manufacturer Zhejiang Jingsheng Mechanical & Electrical to promote new technology mass production and achieve win-win cooperation. This will help the company promote innovative technology in the industry and align with the company's strategic plan to provide innovative technology and solutions as a platform supplier.