GCL Tech Holdings Limited ("GCL Tech") announced that its wholly-owned subsidiary, GCL Tech (Suzhou) Co., Ltd., and MDC Power Holding Company LLC, a wholly-owned subsidiary of Mubadala Investment Company PJSC, signed a cooperation agreement in May 2024. The agreement aims to explore the possibility of establishing a global and regionally important polycrystalline silicon production base in the United Arab Emirates. This cooperative project will be the largest polycrystalline silicon industry production base outside of China, and further discussions and legally binding investment agreements will be signed. Mubadala is a sovereign investment company that aims to promote economic diversification and create employment opportunities in Abu Dhabi through global investments. GCL Tech stated that although both parties will strive to promote the implementation of the cooperation agreement, there is still uncertainty about the specific realization of the cooperation. The company will issue further announcements in accordance with listing rules.

GCL Tech Holdings Limited ("GCL Tech") announced that its wholly-owned subsidiary, GCL Tech (Suzhou) Co., Ltd., and MDC Power Holding Company LLC, a wholly-owned subsidiary of Mubadala Investment Company PJSC, signed a cooperation agreement in May 2024. The agreement aims to explore the possibility of establishing a global and regionally important polycrystalline silicon production base in the United Arab Emirates. This cooperative project will be the largest polycrystalline silicon industry production base outside of China, and further discussions and legally binding investment agreements will be signed. Mubadala is a sovereign investment company that aims to promote economic diversification and create employment opportunities in Abu Dhabi through global investments. GCL Tech stated that although both parties will strive to promote the implementation of the cooperation agreement, there is still uncertainty about the specific realization of the cooperation. The company will issue further announcements in accordance with listing rules.