Haitai Solar Launches IPO on Beijing Stock Exchange

Haitai Solar announced that the Company has completed the process of its initial public offering and started trading on the Beijing Stock Exchange under the stock code 835985 on August 8, 2022.

Haitai Solar's debut on the Beijing bourse is a launchpad from which the company is able to further cement its leadership in the booming Renewable Energy Sector and raise funds for its key investment projects down the pipeline.

The proceeds will go toward supporting the R&D and mass production of Haitai Solar's 2GW HJT module and 1GW module projects, as well as expanding its research center, as part of the Company's plan to boost its innovation and manufacturing capacity.

"We are glad to witness Haitai Solar being successfully listed on the Beijing Stock Exchange, which marks a significant milestone as we strive to build the Company into a new energy powerhouse. The new capital injection, coupled with the Haitai Solar's rising profile on the global stage and rapidly growing scale, will greatly sharpen our competitive edges, and go a long way to securing its leading position in the industry," said Wang Yong, Chairman of Haitai Solar.

"Looking forward, we are confident in Haitai Solar's ability to achieve sustainable growth in the long run through the strategy that zeros in on production expansion, quality improvement and technological innovation," he added.