On 26 August 2022, Xinte Energy Co., Ltd. entered into a strategic cooperation sale and purchase agreement with Jinko Solar Co., Ltd. and its subsidiaries. Pursuant to the Strategic Cooperation Sale and Purchase Agreement, the Group shall sell a total of 336,000 tons of polysilicon to Jinko Solar Group during the period from January 2023 to December 2030, and the price of the orders shall be negotiated on a monthly basis.
As calculated based on the latest price of polysilicon announced by the Silicon Industry Branch of China Nonferrous Metals Industry Association, the total transaction amount under the Strategic Cooperation Sale and Purchase Agreement is expected to be approximately RMB 102.077 billion (including tax).