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Shangji Automation and Risen Energy sign RMB6.4-billion-pworth polysilicon material purchase agreement

Shangji Automation announced that the company and its fully-owned subsidiary Baotou Hongyuan New Material together signed a polysilicon material purchase agreement with Risen Energy and its subsidiary Juguang Silicon, planning to purchase from April 2021 to December 2024 50,000t of the material worth around RMB6.4 billion (USD0.98 billion) (VAT included).