The company intends to expand its business into the production of EVA photovoltaic film, for which the Group has considered different types of machines and believes that the photovoltaic film production line is suitable for the Group's production needs.

Xinyi Solar Holdings Limited (formerly known as Xinyi Auto Glass Hong Kong Enterprises Limited, renamed on December 18, 2020, abbreviation: Xinyi Solar), founded in November 2015 and listed on the Hong Kong Stock Exchange in July 2016, is one of the largest automotive glass repair and replacement service providers in Hong Kong, and has now strategically transformed into a comprehensive new energy solution provider, including mobile energy, parking power, lithium battery modules, inverters and charging pile products

Xinyi Solar is a leading global solar glass manufacturer. Xinyi Solar’sstrengths are in the R&D, manufacturing automation, process optimization,technical sales support and after-sales services of solar glass products. Aspart of corporate strategic business expansion, Xinyi Solar has madesubstantial investments in solar farm project development. These investmentsinclude system engineering design, construction, operation and monitoringof large-scale utility solar projects.The company has been listed on themain board of the Hong Kong Stock Exchange since December 2013 (StockCode:  00968). Xinyi Energy was spun off group company Xinyi Sloar in may28 2019,which runned and managed 1724MW ground mounted PV powerstations buyed from Xinyi Sloar.