On 15 September 2020, Xinte Energy Co., Ltd. and Donghai JA Solar Technology Co., Ltd. (Donghai JA), entered into a strategic cooperation sale and purchase agreement (the Strategic Cooperation Sale and Purchase Agreement). Pursuant to the Strategic Cooperation Sale and Purchase Agreement, the Group shall sell 97,200 tons of polysilicon in total to Donghai JA and other companies under its affiliated group during the period from October 2020 to December 2025, and shall place orders to procure polysilicon on a monthly basis according to its needs. The price of the orders shall be negotiated on a monthly basis. Based on the latest price of polysilicon announced by PVInfoLink, the total sum under the Strategic Cooperation Sale and Purchase Agreement is expected to be approximately RMB 9.137 billion (including tax). As of the date of this announcement, Mr. Jin Baofang, the ultimate beneficial owner of Donghai JA, indirectly holds 14,619,883 domestic shares of the Company through his shareholding in Jinglong Technology Holdings Limited, representing approximately 1.22% of the total issued shares of the Company. In addition, the transaction under the Strategic Cooperation Sale and Purchase Agreement is conducted in the ordinary course of business of the Company, and therefore does not constitute a notifiable transaction under Chapter 14 of the Listing Rules. The Board believes that the entering into of the Strategic Cooperation Sale and Purchase Agreement will facilitate the stable sales of polysilicon products in the Group's ordinary course of business, safeguard the daily operations of the Group, and is in line with the future development of the Group. It will also further enhance the Group's position in the new energy industry. The Board hereby declares that no forecast or estimate has been made on the Group's profit in relation to the entering into of the Strategic Cooperation Sale and Purchase Agreement.