as a A- share global photovoltaic module head enterprise, Trina Solar (688599) announced on the evening of September 28 that the company's controlling shareholder and actual controller Gao Jifan and Shiyan cohesion and other five institutions to lift the concerted action relationship.

before the listing of Trina Solar, on December 11, 2017, the company's controlling shareholder and actual controller Gao Jifan signed the agreement on concerted action with Shiyan cohesion, Shiyan Xiesheng, Yongzhou Yingjia, Shiyan Ruize, Changzhou Tianchuang, Youze venture capital and Wu Chunyan, agreeing that all parties voluntarily form consensus and take concerted action with Gao Jifan on the decision-making matters of the company's shareholders' meeting.

upon consensus of all parties, the termination agreement of the agreement on concerted action was signed on September 27, 2023. the original agreement will be terminated and dissolved from the effective date of this agreement. Shiyan cohesion, Shiyan Xiesheng, Yongzhou yingjia, Shiyan ruize, Changzhou tianchuang and Mr. Gao Jifan will dissolve the relationship between concerted actors, and their shareholding in trina solar energy will be calculated separately.

Among them, some venture capital is an enterprise controlled by Gao Jifan's relatives, and Wu Chunyan and Gao Jifan are husband and wife. Therefore, some venture capital and Wu Chunyan still form a natural relationship of concerted action with Gao Jifan.

due to the redemption of convertible bonds, the completion of the restricted equity incentive plan and the reduction of shareholders' holdings, from March 24 to September 27 this year, the total proportion of shares held by Gao Jifan and his concerted action persons in the company decreased from 39.79 to 38.93. After the dissolution of this concerted action relationship, the total proportion of shares held by Gao Jifan and his concerted action persons in the company decreased from 38.93 to 35.7.

In addition, Shiyan Cohesion, Shiyan Xiesheng, Yongzhou Yingjia, Shiyan Ruize and Changzhou Tianchuang are no longer the concerted actors of Gao Jifan, the controlling shareholder and actual controller of the company.

as of September 27, 2023, the cumulative equity change ratio of Trina Solar's controlling shareholder and actual controller Gao Jifan and its concerted actors was 5.16.

data show that the executive partner of Shiyan cohesion science and technology service partnership and Shiyan Xiesheng enterprise management partnership is Zhan Jing, in addition, the executive partner of Yongzhou yingjia enterprise management partnership and Shiyan ruize science and technology service partnership is Chen Cao; The executive partner of Changzhou Tianchuang Enterprise Management Consulting Partnership is Zhong Yingxiang.

On June 12 this year, Trina Solar's initial public offering of restricted shares was lifted to 0.845 billion shares, accounting for 38.88 per cent of the company's total share capital. However, the company's share price has fallen by about 18% since the lifting of the ban, with the latest closing at 30.57 yuan per share.

The main business of Tianhe Solar includes photovoltaic products, photovoltaic systems, and smart energy. Among them, photovoltaic products include the research and development, production and sales of photovoltaic modules; photovoltaic systems include system product business and power plant business; smart energy mainly consists of energy storage solutions, photovoltaic power generation and operation and maintenance, intelligent microgrid and multi-energy systems. Under the background of high business climate in the photovoltaic industry, the company's performance has grown rapidly since the listing of Trinity Solar.

In 2022, the net profit attributable to SkyTeam was 3.68 billion yuan, doubling year-on-year; in the first half of 2023, SkyTeam achieved a net profit attributable to 3.54 billion yuan, a year-on-year increase of nearly 1.8 times. According to reports, the company's photovoltaic product business has developed rapidly, and photovoltaic module shipments and sales revenue have increased significantly compared with the same period last year. In addition, with the substantial increase in advanced production capacity, the sales proportion of high-power 210 series photovoltaic products has increased significantly compared with the same period last year; coupled with the gradual release of upstream silicon wafer production capacity, the overall cost of products has further decreased.

As of the end of June 2023, SkyTeam's cumulative component shipments have exceeded 150GW, of which 210 component shipments exceeded 75GW, and the company is actively investing in the construction of integrated advanced production capacity.

in the first half of this year, the first phase of the 20GWN crystal pulling project of Trinity Solar Qinghai Base was put into operation one after another, marking the company's successful extension to the upstream of the N-type industrial chain, providing a strong guarantee for its own main material supply, increasing the proportion of self-supply, effectively improving the company's cost competitiveness, and contributing profit increment to the company. It is expected that by the end of 2023, the company's silicon chip, battery chip, component capacity can reach 50GW, 75GW, 95GW, of which the N-type i-TOPCon cell capacity will reach 40GW.