The latest good news came from the shareholders' meeting of SPS, the new development strategy layout of SPS has made significant progress this year, with remarkable achievements. The orders from January to July this year have made several breakthroughs and have exceeded hundreds of millions of RMB, and it is expected that the orders for the whole year can exceed several times of last year.

SPS not only exceeded last year's order record but also achieved remarkable results in market expansion, new product development, order repurchase, and other dimensions. Orders include:

1. The whole line of the world's first 100MW perovskite pilot line. This shows that SPS is not only the head company of perovskite coating systems but also the leader in providing the whole line of solutions;
2. Multiple orders for perovskite equipment from overseas head companies. This also proves that SPS has become the head of the global perovskite equipment;
3. Multiple heavyweight repurchase orders. SPS's quality and after-sales service has been recognized by several strategic customers, resulting in customer repurchases;
4. Front-end equipment for semiconductor applications. We are very proud that SPS is capable of replacing imports and breaking the status quo in the semiconductor field.
5. Crystalline silicon perovskite stacking equipment includes automatic adjustment of crystalline silicon flatness, high-throughput equipment modules, etc.

At the just-concluded second shareholders' meeting of 2024, Dr Wang Jinshan, Chairman of SPS, put forward the grand goal of SPS’s development in the next three years: to continue to innovate, to strengthen the cornerstone, and to build a world-class high-end equipment enterprise.