Gelonghui October 16?Xinyuan Technology (300472.SZ) announced that the 26th meeting of the fourth session of the Board of Directors and the 12th meeting of the fourth session of the Supervisory Board were held on October 16, 2023, and the bill on the proposed major contract was approved. The company plans to sign a sales contract with Jiangxi Mubang Hi-Tech Co., Ltd. (referred to as "Mubang Hi-Tech") or its wholly-owned subsidiary to sell the digital and intelligent production line of the project of purification and recycling of 10, 000 tons of silicon waste per year, the contract amount shall not exceed RMB 450 million (the specific amount shall eventually be subject to the sales contract signed between the company and Mubang Hi-Tech or its wholly-owned subsidiary) And authorize the chairman to sign the contract documents related to this project.
Mubang Hi-Tech or its wholly-owned subsidiary plans to purchase a digital and intelligent production line for the project of purification and recycling of 10,000 tons of silicon waste from the company. The contract amount shall not exceed RMB 450 million.