24, Tongwei shares said that the transaction is still in the planning stage, and the company has signed the Intention Agreement for equity acquisition with Duan Yong, Hainan Zhuoyue Enterprise Management Partnership (Limited Partnership) and Hainan Haoyue Enterprise Management Partnership (Limited Partnership). Data show that Qinghai Lihao Qingneng Co., Ltd. was established in April 2021, mainly engaged in photovoltaic grade high purity silicon, electronic grade year". The newly established Qinghai Lihao announced an investment of 20 billion yuan to build 200000 tons of high-purity silicon production project in Xining, Qinghai by stages. The first phase of 50000 tons was completed and put into operation in July 2022, five months ahead of the original plan. Only 20 days later, on August 22, Qinghai Lihao announced that the first batch of genuine materials of the project was successfully released. Subsequently, Qinghai Lihao started the second phase of the project. By the end of 2023, Qinghai Lihao has 150000 tons of polysilicon production capacity, ranking sixth in the world. In addition, Qinghai Lihao has also laid out 200000 tons of photovoltaic grade high purity silicon + 5000 tons of electronic grade high purity silicon + 250000 tons of industrial silicon production projects in Yibin, Sichuan; It plans to invest 25 billion yuan in Baotou, Inner Mongolia, to build 200000 tons of high-purity silicon supporting 250000 tons of industrial silicon projects. Qinghai Lihao has risen rapidly in the industry as a dark horse, and has been established for less than five years. Unfortunately, with the serious mismatch between supply and demand of polysilicon and the downward cycle of photovoltaic industry, the construction of Yibin and Baotou polysilicon projects in Qinghai Lihao has not been pushed forward. In October 2024, Qinghai Lihao signed a memorandum of understanding with Sonangol, Angola's national oil company, to build a plant with an annual capacity of 180000 tons of metallurgical silicon and 150000 tons of polysilicon, and plans to raise funds through listing in Hong Kong. However, none of them are listed below. It is worth noting that Duan Yong 
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