Trina Solar Co., Ltd. announced that its wholly-owned subsidiary TSW intends to sell its core assets TUM1 (5GW module factory) to FREYR. Upon completion of the transaction, the company will receive 0.1 billion US dollars in cash, 0.15 billion US dollars in face value of preferred notes, and 45.87796 million shares of FREYR common stock in two stages. In the first stage, after meeting the relevant delivery terms, the company will receive 15.437847 million newly issued shares from FREYR, accounting for 9.9% of the total issued capital after the issuance. The second stage will involve receiving 30.440113 million newly issued shares from FREYR after the relevant approvals. If the approval for the second stage is not obtained, the company will receive around 80 million US dollars of preferred notes from FREYR as compensation. After the transaction, FREYR and the company will jointly implement a multi-stage global strategy cooperation plan.