On December 11, HIUV New Materials announced that it intends to invest in the United States to set up a subsidiary, HIUV Applied Materials Company (the name is subject to the final actual registered name), to implement the polymer specialty film project (the final project name is subject to the actual filed name). The total investment is expected to be not more than USD 10 million (about RMB 72.465 million), and is expected to be implemented in phases and batches 1-2 years after the commencement of the project.

Haiyou New Material said that the project is its deepening cooperation in the United States on the basis of strategic technical cooperation with industry partners, is to reach the company's photovoltaic encapsulation film in the U.S. market for the localization of production and market extension of important initiatives. The first layout of its supply in the U.S. market near the company is conducive to enhance the company's profitability and development potential, improve the company's brand influence, comprehensive competitiveness and overall risk resistance, to protect the company's sustainable healthy and stable development, in line with the company's long-term development plan and the interests of all shareholders.

Source：https://mp.weixin.qq.com/s/fEcZxqo7zxFiGuxeowPy8w