According to Gosenor Technology Shares Co., Ltd., on June 1, the company signed an equity merger and strategic cooperation agreement with US Apollo Solar Energy. Gosenor will acquire 85% of the equity of Sichuan Apollo Solar, the wholly-owned subsidiary of Apollo Solar Energy, to build China's Tellurium Valley.

It's reported that Sichuan Apollo owns the tellurium primary ore resources and holds 35% shares of Chengdu Optoelectronic Materials Co., Ltd., which has a large-scale power generation glass production line.