Silicon Material Leader Hangzhou Closed-Door Meeting Sets Tax-Inclusive Floor Price? Response: Rumor Confirmed, Battery Cell Quota Also Established

Market rumors suggested that several top silicon material companies recently held a closed-door meeting in Hangzhou to agree on an average tax-inclusive cost price and corresponding sales price for silicon materials not lower than 430,000 yuan per ton. We verified this with industry insiders and confirmed the information is accurate. Beyond price constraints, the closed-door meeting revealed several supporting arrangements, including capacity coordination and a peer supervision and reporting mechanism. Regarding price constraints, in addition to setting the market-mentioned average tax-inclusive cost price for silicon materials, the meeting also established a floor price for battery cell quotations.