Summary by Moomoo AI
Xianxin Technology Holdings Limited (“Xiaxin Technology”) announced that its indirect wholly-owned subsidiary Jiangsu Zhongneng Silicon Technology Development Co., Ltd. has signed a long-term procurement contract with Longqi Green Energy Technology Co., Ltd. for the sale of approximately 425,000 tons of polysilicon (silicon particles) by the end of 2026. The contract will promote stable sales of CHO Xin Technology's polysilicon and granular silicon products and help enhance the company's market position in the new energy industry. The Board of Directors did not make a forecast or estimate of the Company's profits under this contract and reminds shareholders and potential investors to exercise caution. The announcement was made on April 3, 2024 by the Chairman of the company, Zhu Kuan-shan.