QiangSheng Plans Listed on the Nasdaq in 2008

Nantong QiangSheng Technology Company Ltd. Chairman Sha Xiaolin, announced a few days ago in Shanghai, the company the use of advanced thin film amorphous silicon solar battery production technology, is expected to break the long solar power because of the high costs and difficult to promote the bottleneck to use two Photoelectric time in the film battery power price from the current 4 yuan decreases for 1 yuan, Europe and Japan close to the thermal power tariff, the realization of the promotion of solar power.

At the same time, QiangSheng has signed a number of international investment banks intention to introduce risk investment, and plans to next year in September or October, and by the end of next year in the Nasdaq-listed equity scale not more than 100 million shares, to raise 200 million dollars.

Statistics that the United Nations Environment Programme, the scale of China's solar industry ranked first in the world. But our country is more than 95 percent of the polycrystalline silicon photovoltaic cells for battery products, the high cost and complexity of production processes, resulting in high prices and difficult to achieve commercialization. "China Photovoltaic Industry Development Report" data showed that the current photovoltaic power generation cost of about four yuan / degrees, it is estimated that 2020 could be reduced to 1 /, 2030 to be with the conventional thermal power price competition.

QiangSheng late into the solar industry, but conform to the latest international trends, to the new amorphous silicon thin film photoelectric technology. Compared with polysilicon, amorphous silicon thin film deposition battery raw materials used by only 1 per cent of polysilicon batteries, and there is no raw material supply bottlenecks in the production of electricity consumed by only 7-8% of the latter, and non - crystal silicon in low-light conditions under the power-generating capacity was higher than that of polysilicon. In the use of vector, the film amorphous silicon thin film battery is the large-area glass, and can also be activity such as plastic or stainless steel, and architectural decoration into an integrated entity, more extensive applications. Companies are, at present QiangSheng with international research institutions more than amorphous silicon technology to maintain cooperative relations with the progress of scientific research, there is a great decline in the cost of production space.

Nantong QiangSheng invested 25 million US dollars from the United States to introduce the world's most advanced 25 megawatts amorphous silicon thin film solar cell production lines have entered the stage of installation and adjustment, in January next year in production. Sha Xiaolin, the introduction of the first production line is the company's use of its own funds, the second and third lines of production have signed risk investment intention next year to the Nasdaq listing and financing, the company will be in three years to reach production line photoelectric 20 , the total production capacity of 500 megawatts, became the world's top five amorphous silicon thin film battery manufacturers one.

In addition, the company is working with the concerned departments, the plan over three years in Inner Mongolia, Tibet, Xinjiang, Qinghai, Gansu, and other remote areas, the establishment of a group of 1-5 MW of large-scale photovoltaic power plants. According to calculations, the investment cost only domestic demonstration projects for the current 40 %.

Source: 中国证券报 Zhou Songlin Dec. 10, 2007