Core Viewpoint - GCL-Poly Energy, a leader in photovoltaic high-tech granular silicon, has announced a strategic financing agreement with Infini Capital, a well-known international investment institution with Middle Eastern sovereign fund background, to raise approximately HKD 54.46 billion (around USD 7 billion) through a private placement of about 4.736 billion shares, aimed at strengthening the company's equity structure stability [1][2] Group 1: Financing Purpose - The financing will be utilized for three main purposes: firstly, to reserve funds for supply-side reform and promote structural adjustments in polysilicon production capacity; secondly, to enhance the second curve by leveraging the world's leading silane gas production capacity and output, addressing the rising demand for silane in semiconductor integrated circuits, the transition from TOPCon to BC solar cells, and the lithium battery industry's requirements; thirdly, to optimize the company's capital structure and solidify its equity structure [1][2] Group 2: Strategic Collaboration - GCL-Poly and Infini Capital will jointly establish a specialized industrial fund focused on integrating inefficient and low-quality surplus capacity within the industry through market acquisitions, professional restructuring, and innovative upgrades, aiming to concentrate resources on high-quality production capacity and end the chaotic low-price competition in the industry [2] Group 3: Industry Context and Competitive Advantage - The financing not only optimizes GCL-Poly's capital structure and solidifies the position of its controlling shareholder but also provides ample resources for technological iteration and the elimination of outdated production capacity. This collaboration is expected to enhance GCL-Poly's competitive advantage in granular silicon technology, silane gas production, and perovskite industry incubation, especially as the photovoltaic industry faces critical points of technological iteration and capacity elimination [2]

每经AI快讯，9月16日，协鑫科技(03800.HK)涨超5%，截至发稿，涨3.17%，报1.31港元，成交额2.35亿 港元。 ...

Group 1 - Company GCL-Poly Energy Holdings Limited (协鑫科技) experienced a stock price increase of over 5%, currently trading at HKD 1.31 with a transaction volume of HKD 2.35 billion [1] - The company announced a subscription agreement to issue a total of 4.736 billion shares at a subscription price of HKD 1.15 per share, which represents an approximate discount of 8.73% compared to the last closing price of HKD 1.26 [1] - The total proceeds from the subscription are expected to be around HKD 5.446 billion, with a net amount of approximately HKD 5.392 billion after deducting related fees and expenses [1] Group 2 - The company plans to allocate 65% of the net proceeds from the subscription for three main purposes: firstly, to reserve funds for supply-side reform and structural adjustments in polysilicon production capacity; secondly, to strengthen its second growth curve by enhancing silane gas production capacity and meeting the increasing demand in semiconductor and solar industries; and thirdly, to optimize the company's capital structure [2] - The remaining 35% of the net proceeds will be used for general working capital and to repay existing loans [2]

Group 1 - The core viewpoint of the article highlights a general increase in Hong Kong's photovoltaic stocks, with several companies experiencing notable price rises [1] - GCL-Poly Energy (协鑫科技) saw a rise of over 3%, while Flat Glass Group (福莱特玻璃) and Xinyi Glass (信义玻璃) increased by 2.6% and 2% respectively [1] - The article mentions that the prices across multiple segments of the photovoltaic industry chain have maintained an upward trend recently [1] Group 2 - Data from Zhuochuang Information indicates that on September 12, the market price for silicon wafers (P-type M10) in Yunnan was reported at 1.2 yuan per piece, unchanged from September 11, but higher than the price of 1.03 yuan per piece on September 10 [1] - In Inner Mongolia, the market price for polysilicon (P-type dense material) was 36 yuan per kilogram, also stable compared to September 11, and up from 31 yuan per kilogram on September 10 [1] - TrendForce's data shows significant price increases in various upstream sectors of the photovoltaic industry, suggesting that the industry's "anti-involution" efforts are beginning to yield results [1]

Group 1 - Company GCL-Poly Energy (03800) experienced a stock price increase of over 5%, currently trading at HKD 1.31 with a transaction volume of HKD 235 million [1] - The company announced a subscription agreement to issue a total of 4.736 billion shares at a subscription price of HKD 1.15 per share, which represents an approximate discount of 8.73% compared to the last closing price of HKD 1.26 [1] - The total proceeds from the subscription are expected to be around HKD 5.446 billion, with a net amount of approximately HKD 5.392 billion after deducting related fees and expenses [1] Group 2 - The company plans to allocate 65% of the net proceeds from the subscription for three main purposes: firstly, to support supply-side reforms and structural adjustments in polysilicon production capacity; secondly, to enhance its second growth curve by leveraging its leading capacity and output of silane gas to meet the increasing demand in semiconductor integrated circuits and the transition of TOPCon batteries to solar BC batteries; thirdly, to optimize the company's capital structure [2] - The remaining 35% of the net proceeds will be used for general working capital and to repay existing loans [2]

Core Viewpoint - GCL-Poly Energy Holdings Limited (协鑫科技) has announced a subscription agreement to issue a total of 4.736 billion shares at a subscription price of HKD 1.15 per share, representing an approximate discount of 8.73% compared to the last closing price of HKD 1.26 [1][2] Group 1: Subscription Details - The total proceeds from the subscription are expected to be approximately HKD 5.446 billion, with a net amount of about HKD 5.392 billion after deducting related fees and expenses [2] - The subscription shares represent approximately 16.63% of the existing issued share capital as of the announcement date and about 14.26% of the enlarged issued share capital post-issuance [2] Group 2: Use of Proceeds - 65% of the net proceeds will be allocated for supply-side reform, specifically for structural adjustments in polysilicon capacity, enhancing the company's second growth curve, and optimizing capital structure [2] - The remaining 35% will be used for general working capital and repayment of existing loans [2]

人民财讯9月16日电，协鑫科技(03800.HK)在港交所公告，拟配售47.36亿股新股份，认购价为每股1.15 港元，募资总额约54.46亿港元，将用于供给侧改革的资金储备，推进多晶硅产能结构性调整等方面。 ...

认购股份相当于(i)公司于本公告日期现有已发行股本约16.63%;及(ii)经配发及发行认购股份扩大后的公 司已发行股本约14.26%(假设除配发及发行认购股份外，公司已发行股本自本公告日期起至完成日期止 概无变动)。 认购事项的所得款项总额将为约54.46亿港元。经扣除相关配售代理费、成本及认购事项开支后，认购 事项的所得款项净额合共将约为53.92亿港元。公司拟按以下方式应用认购事项所得款项净额：(i)65% 主要用于三个方面：首先，用于供给侧改革的资金储备，推进多晶硅产能结构性调整;其次，强化第二 曲线，以全球第一的硅烷气产能和产量，完成海外替代，在半导体集成电路对电子特气需求的提升、 TOPCon电池向太阳能BC电池转型对硅烷需求的放量，锂电行业固态、半固态电池对硅烷的应用需求以 及显示面板对硅烷气品质的高要求的多重背景下，以硅烷气打造协鑫新增长极;第三，优化公司资本结 构;及(ii)35%用于一般营运资金用途及偿还现有贷款。 智通财经APP讯，协鑫科技(03800)发布公告，公司于2025年9月16日(交易时段前)与认购方(i)订立认购 协议，据此，认购方已有条件同意认购，而公司已有条件同意发行及配 ...

Group 1 - The core point of the announcement is that GCL-Poly Energy Holdings Limited (协鑫科技) has entered into a subscription agreement to issue approximately 4.736 billion shares at a subscription price of HKD 1.15 per share, which represents about 16.63% of the company's existing issued share capital as of the announcement date [1] - The total amount raised from the subscription is approximately HKD 5.446 billion, with a net amount of approximately HKD 5.392 billion after expenses [2] - The company plans to allocate 65% of the net proceeds for supply-side reform, enhancing polysilicon production capacity, and optimizing its capital structure, while 35% will be used for general working capital and repayment of existing loans [2]

整體協調人及配售代理 認購協議 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示概不會因本公告全部或任何部分內容而產生或倚賴該等內容而引致 之任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。 GCL Technology Holdings Limited 協鑫科技控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：3800） 根據一般授權發行新股份 董事會欣然宣佈，本公司於2025年9月16日（交易時段前）與認購方(i)訂立認購 協議，據此，認購方已有條件同意認購，而本公司已有條件同意發行及配發合共 4,735,651,000股認購股份，認購價為每股認購股份1.15港元；及(ii)於2025年9月16 日（交易時段前），本公司與配售代理就認購事項訂立配售協議，據此，配售代理已 有條件同意按盡力基準促使認購方按認購價認購認購股份。 – 1 – 認購事項的所得款項總額將為約5,446百萬港元。經扣除相關配售代理費、成本及認 購事項開支後，認購事項的所得款項淨額合共將約為5,392百萬港元。本公司 ...