[TodayIR] GCL-POLY ENERGY: GCL-Poly Enters Into Strategic

    [TodayIR] GCL-POLY ENERGY: GCL-Poly Enters Into Strategic Cooperation
Agreement with TSEC and WahLee Industrial Corp. — GCL-Poly’s Highlights Make A

October 30 observed the grand opening of PV Taiwan 2013 Expo in Taipei World
Trade Exhibition Center. As one of the major sponsors, GCL-Poly Energy
Holdings Limited (“GCL-Poly”) has become the most prominent exhibitor due to
its theme of “Bringing Green Power to Life ” and various products and new
technologies such as fluidized bed particle polysilicon product, GCL
Multi-Wafer S3, etc.

Co-hosted by TAITRA, Semiconductor Equipment and Materials International
(SEMI) and TPVIA, PV Taiwan is not only a great event for Asia’s PV industry
but also a superior procurement platform for China’s PV industry. Over 150
manufacturers and approximately 10,000 experts from nearly 70 countries have
attended the fair, which makes it a significant platform for demonstrating
global PV industry technological innovation and future product development

On October 31, GCL-Poly, TSEC and WahLee Industrial Corp. had performed a
signing ceremony for the upstream-and-downstream strategic cooperation
agreement entered by the three parties. Customer representatives participating
in the fair gathered around GCL’s exhibition stand, which once gain
highlighted its prominence.

Representatives from the three parties participating in the signing ceremony
had delivered enthusiastic speeches. Mr. Shu Hua, CEO of GCL-Poly said,
GCL-Poly’s polysilicon and silicon wafer have advantages in terms of capacity,
cost and quality in the global market and GCL-Poly looks forward to closer
collaboration with outstanding PV manufacturers from Taiwan; with good
cooperation between GCL-Poly, TSEC and WahLee Industrial Corp. in the past two
years, the signing of the agreement will further boost the three parties’
close alliance and promote the steady and healthy development of global PV

Chen Junying, vice chairman of WahLee Industrial Corp. pointed out that the PV
industry has pulled out of the slump since the second quarter of this year and
is on course for healthy growth and steady growth is expected for the coming
years. The signing of this agreement by GCL-Poly, TSEC and WahLee Industrial
Corp. shows that the players across the Taiwan Straits will join hands to
benefit from the recovery in the PV industry.

Liao Guorong, chairman of TSEC said the manufacturing bases of the global PV
industry are mostly in China and Taiwan, with the combined capacity across the
Taiwan Straits accounting for over 80% of global capacity. The closer
cooperation between players across the Taiwan Straits is not only conducive to
the healthy development of the PV industry, but also creates great momentum
for promoting green energy around the globe. Other than an ordinary contract
for raw material transactions, this agreement puts emphasis on strategic
partnership across the supply chain, and in addition to stable quantity and
pricing of silicon wafer trade, there are wider dimensions such as future
cooperation in solar modules and solar energy market.

With its new products and technology, GCL-Poly took center stage at PV Taiwan
and its important cooperation agreement with Taiwan-based TSEC and WahLee
Industrial Corp, significantly raised its profile at this exhibition.
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