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Oatway is mainly engaged in the design, production and sales of R&D and high-end intelligent equipment. During the reporting period, the company's products were mainly used in crystalline silicon photovoltaic industry, lithium power battery industry and semiconductor industry.

Wuxi Oatway Science and Technology Co., Ltd. (hereinafter referred to as "the company") has obtained the bid-winning notice for the project of "Hefei Xiexin Integrated New Energy Technology Co., Ltd. Automatic Welding Machine and Nondestructive Laser dicing Machine". GCL Group actively promotes digital transformation in production, operation and management. The smart factory of the company's production project has also been rated as a demonstration project for many times. At present, it does not belong to the category of "specialized and innovative" enterprises. In the first three quarters, the pre-loss was 250 million yuan to 390 million yuan, and the component cost increased by over 20% in the third quarter.

The project summary is the purchase of automatic welding machine and nondestructive laser dicing machine by Hefei Xiexin Integrated New Energy Technology Co., Ltd., and the total bidding amount is about 65.438+0.2 billion yuan (including tax). Because the average acceptance period of equipment is about 6-9 months, affected by the specific delivery date and acceptance time of the project, winning the bid will have a positive impact on the performance in 2022. The company has no relationship with the other party, and winning the bid in the above projects will not affect the business independence of the company.

The 20th meeting of the 4th Board of Directors was held on February 7th, 20 18, and the second extraordinary shareholders' meeting was held on February 23rd, 20 18. The Proposal on Participating in the Establishment of Industrial Funds and Guiding Subsidiaries to Increase Capital and Expand Production was reviewed and approved. It is agreed to invest US$ 200 million in Peixian State-owned Assets Management Co., Ltd., Peixian Economic Development Zone Development Co., Ltd., Xin 'an Financial Information Service Co., Ltd. and Peixian State-owned Assets Management Co., Ltd., wholly-owned subsidiaries of Jiangsu Zhongke Yi Investment Management Co., Ltd.

The company jointly established Peixian Xinshang New Energy Industry Fund Partnership (Limited Partnership) (hereinafter referred to as "Peixian Xinshang Industry Fund" (hereinafter referred to as "Xuzhou Xinyu"), and instructed Xuzhou Xinyu Photovoltaic Technology Co., Ltd. and its subordinate "Xuzhou Xinyu" Co., Ltd. (hereinafter referred to as "Xuzhou Xinyu") to be responsible for the construction of 3GW high-efficiency battery capacity, technology upgrading, capital increase and production expansion.