Wuhan DR Laser Technology Co., Ltd.

Wuhan DR Laser Technology Co., Ltd. is a manufacturing company listed on the ChiNext board of the Shenzhen Stock Exchange since 2019. The company specializes in the design, development, production, and sale of precision laser processing solutions and supporting equipment, primarily targeting the photovoltaic industry. DR Laser Technology focuses on innovative applications of laser technology to enhance the efficiency and cost-effectiveness of solar cell production. The company's main business lines include precision laser processing equipment for photovoltaic cells, high-end consumer electronics, new display technologies, and integrated circuits. Key products include laser systems for back-contact cells, TOPCon technology solutions, and laser-induced firing equipment, among others. DR Laser Technology has established itself as a leader in the photovoltaic sector by providing integrated processing solutions that improve photoelectric conversion efficiency and optimize production costs. The company is recognized for its commitment to research and development, holding various national and provincial honors and actively participating in multiple scientific research projects.

(I) Main performance driving factors The photovoltaic industry, as a key strategic emerging industry in China, continues to receive policy support under the top-level planning of the national “carbon peaking and carbon neutrality” strategy. The release of a series of supportive policies such as the 14th Five-Year Plan for the Development of Renewable Energy provides strong support for the high-quality development of this industry. Nowadays, the photovoltaic industry, after structural optimization, is accelerating its transformation towards new productive forces. As a core green productive force for achieving the “carbon peaking and carbon neutrality” goals, technological innovations in the photovoltaic industry continue to drive the demand for innovative laser processes. The Company always focuses on the innovative application of laser technology in high-efficiency solar cells, enhances the photoelectric conversion efficiency and optimizes the production costs, so as to create continuous value for the industry. In terms of technological innovation, the Company has achieved a series of breakthroughs: • BC cells: The laser micro-etching technology developed by our Company independently has successfully replaced the traditional photolithography process, simplifying the process and reducing equipment investment costs, and effectively promoting the industrialization process of BC cells. •Modules: The laser welding line solution has improved welding quality and stability, enhancing the flexibility and efficiency of module production. • TOPCon technology route: The innovative LIF equipment developed by us effectively enhances the photoelectric conversion efficiency of cells. TCP technology has achieved stable improvements in conversion efficiency, module power, and bifaciality rate. With over a decade of in-depth engagement in the photovoltaic industry, the Company has established a comprehensive technology matrix. Based on the innovation concept of “customer demand-driven”, we not only provide laser processing solutions for the entire photovoltaic industry chain but also extend our technological advantages to strategic emerging fields such as consumer electronics and new displays. In the future, the Company will seize the opportunities of technological iteration, continuously strengthen our innovation capabilities, and consolidate our leading position in the industry. (II)Analysis of Core Competencies (1) R&D and technological innovation advantages The company is a laser equipment manufacturer that focuses on independent innovation in laser technology and provides integrated processing solutions for fields such as photovoltaic, new display, and semiconductor. It is a National Enterprise Technology Center, National Demonstration Enterprise for Single-item Champions in Manufacturing, National Intelligent Photovoltaic Pilot Demonstration Unit, National Green Factory, National Intellectual Property Advantage Enterprise, Hubei Provincial Enterprise Technology Center, and Hubei Provincial Engineering Research Center. It has received honors such as the First Prize and Second Prize of Hubei Provincial Science and Technology Progress, Excellence Prize of China Patent Award and Gold Prize of Hubei Patent Award. At present, the company is undertaking a number of scientific research projects, including national strategic emerging industry pilot projects, electronic information industry technological transformation projects, key research and development plans, high-quality development projects, innovation projects of the technology innovation fund for small and medium-sized technology-based enterprises, Hubei Provincial science and technology support and major science and technology research and development programs, high-quality manufacturing development projects, centrally-guided local science and technology development projects, high-value patent cultivation projects, and major science and technology projects of Wuhan Municipality, etc. With a team of outstanding talents from various industries nationwide, the company has established R&D centers in Wuhan, Wuxi, Yavne (Israel), and Singapore, forming a highly professional and innovative international R&D team. The company has always regarded technological innovation as the core driving force for its development. Over the years, it has maintained a high proportion of R&D investment, established a comprehensive and multi-level technological reserve system, and accumulated profound technological reserves and R&D capabilities. As of June 30, 2025, the Company has a total of 439 domestic and foreign patents. (2) Customer resource advantage The company’s clients mainly consist of large and medium-sized solar cell manufacturers with strict supplier admission standards. Only suppliers with high stability in product quality, strong brand influence, strong R&D capabilities, and excellent service experience can enter the list of qualified suppliers. Presently, the company’s clients include internationally renowned photovoltaic enterprises such as LONGi Green Energy, Tongwei, AIKO, JinkoSolar, JA Solar, Trina Solar, Canadian Solar, Hanwha Q Cells, and Risen Energy. (3) Service advantage Since its establishment, the company has consistently focused on customer needs and can provide timely and effective service responses to customers. The company has assigned customer service specialists in regions where customers are relatively concentrated, forming a relatively complete system to ensure timely resolution of customer needs. The company’s high-quality after-sales service has played an important role in stabilizing customers and conveying market reputation. Furthermore, the company’s high-quality service helps it gain insight into customer needs, engage in R&D interaction with customers, and intervene early in customer’s new production lines or technology upgrade phases. Through early involvement in R&D, the company can understand customers’ personalized needs, enhance the customer experience of its products, and strengthen the market competitiveness of its products. Relying on an efficient customer service system, the company has gained the trust of downstream customers and has become a comprehensive solution provider for many photovoltaic solar manufacturing enterprises. (4) Product quality advantage The company’s solar cell laser processing equipment has automatic loading and unloading, automatic positioning, and automatic processing functions. It features high production efficiency, product yield, and cell efficiency. To ensure the delivery of high-quality and efficient products to customers, the technical team strives to ensure the scientific improvement of technical solutions and the precision of technical parameters during the design phase. The company regularly evaluates suppliers annually to ensure the selection of high-quality suppliers to provide services. In the production process, the company requires precise assembly and strict quality inspection after each process to ensure the high quality and precision of each equipment. (5) Team advantage The company has a well-established and stable team. The management team has extensive experience, enabling them to effectively manage internal operations using scientific methods and make accurate decisions responding to market changes. Meanwhile, Dr. Li Zhigang, the founder of the company, has deep expertise in the fields of laser and solar photovoltaics and many years of experience. The company has formed an outstanding domestic and international technical team, providing strong technical support and innovation impetus for its development.