Xinfenguang and Yuanshan New Materials Reach Strategic Cooperation

People’s Financial News, March 16 — According to Xin Fengguang, recently Xin Fengguang and Yuanshan New Materials Technology Co., Ltd. signed a strategic cooperation framework agreement in Jining, Shandong. According to the agreement, both parties will conduct in-depth technical exchanges in the field of high-voltage GaN power devices, focusing on the actual needs for high-frequency, high-voltage components of core products such as Xin Fengguang inverters, energy storage inverters (PCS), and SST. They will jointly explore the development path for customized GaN devices and power modules. Regarding industrialization, the agreement specifies that once Yuanshan New Materials achieves mass production of GaN devices, Xin Fengguang will have priority procurement under the same conditions; Yuanshan New Materials will also prioritize providing technical support and capacity supply to Xin Fengguang. The agreement mentions that Xin Fengguang will fully leverage the company’s industrial resources and related industry M&A fund tools, and when conditions are ripe in the future, actively explore strategic investments, equity cooperation, or industry mergers with Yuanshan New Materials.