On July 29th, GL Hui reported that the subsidiary company Pinghu Haiyouwei Applied Materials Co., Ltd. intends to invest in and build the Photovoltaic Component Recycling Technology and Application Center in Australia (the final project name will be subject to the actual registration name), with a total expected investment not exceeding 6.5 million US dollars (the final total project investment will be subject to actual investment), to be implemented by the project entity CYCLESUN PTY LTD (the name will be subject to the final actual registration name) to be established by Pinghu Haiyouwei in Australia.

The company focuses on the development of recycling and regeneration technology for components, leading the development of green dismantling and packaging material technology and applications, achieving green manufacturing and harmless recycling of photovoltaic components. The research and application of this technology, for countries such as Australia which have used photovoltaic components earlier and have gradually entered the retirement period, establish a professional research and development and application enterprise for the recycling and regeneration of components, and has significant environmental protection and development prospects.