On May 11, Ningxia Hui Minority Autonomous Region government and Shizuishan city government signed a cooperation agreement respectively with East Hope Group.

According to the agreements, East Hope Group will invest in building a photovoltaic industrial conglomerate in Ningxia with programs to cover upstream and downstream photovoltaic materials, new energies and modern agriculture to form a recycling economy. Initial stage will center on a 250,000tpy polycrystalline silicon project with matching projects of 200,000tpy industrial silicon and electronic-grade high-purity silicon. The project will have a total investment of RMB30 billion (USD4.66 billion). When the project is built and goes into operation, it is expected to bring in an annual production value of RMB30 billion (USD4.66 billion).