First, it will be used as a financial reserve for supply-side reform to facilitate structural adjustments in polysilicon capacity. Second, it will boost the company’s second growth curve by leveraging the company’s global leading silane gas capacity and output to achieve overseas substitution. Silane gas is poised to become a new growth driver for GCL-Tech. Third, it will optimise the company’s capital structure and strengthen the competitive edge of its shareholding structure. GCL-Tech stated that both parties will adhere to the common goals of collaborative development and industry optimisation by jointly launching a specialised industrial fund.