Global Power Technology has successfully completed a new round of financing. The investors of this round, Liuyang Gaochuang, Three Gorges Capital, CM Venture Capital and Guangzhou SUN Tour capital, have jointly completed a billion-dollar equity investment in GPT. The investments will further promote the industrialization of domestic silicon carbide power devices in various fields, especially in new energy, solar inverters, electric vehicles, advanced energy storage and other fields, to achieve more extensive industrial applications.

　　Liuyang Gaochuang is a strategic emerging industry fund established by state-owned enterprises in Liuyang City, one of the top 100 industrial counties in China, and Liuyang Economic Development Zone (High-tech Zone), and Hunan High-tech Venture Capital Management Co., Ltd. As a lead investor, Liuyang Gaochuang will escort the industrialization of the 6-inch silicon carbide power device production line of GPT. Since 2018, Hunan Province has built a national intelligent manufacturing center to deeply cultivate "three wisdom and one independence", accurately laid out in the new generation semiconductor industry, seized every industry development opportunity. The provincial leaders also promote the industry chain upstream and downstream collaborative development, which started a new generation semiconductor industry construction.

　　The shareholder Three Gorges Capital has an important mission to serve Three Gorges Group's clean energy business, and has focused on clean energy, advanced energy storage, high efficiency solar power generation technology, hydrogen energy and fuel cells and other emerging technology areas for a long term. In recent years, Three Gorges Capital has successfully invested in well-known emerging energy technology companies, such as Zhidou Electric Vehicle, Sola XPower, Sunny Energy, etc. As a strategic investor of GPT, Three Gorges Capital and other new energy companies create a broader market for GPT's silicon carbide products in the new energy field.

　　The shareholder CM Venture Capital has participated in several rounds of equity capital increase of GPT. In 2011, CM Ventures successfully established the first phase of its venture capital fund which was supported by the Shanghai Venture Capital Guidance Fund. With its professional investment philosophy and experience, CM Ventures' second phase venture capital fund was supported by GE, Samsung, BASF, Saudi Basic Industry, Henkel Group and British American Tobacco Group in 2016. With a global perspective and technical expertise, the fund focuses on investments in the new materials, advanced manufacturing energy, environment, and digital industry.

　　The Shareholder Guangzhou SUN Tour capital is an equity investment division of CHER AMI Investment Group, focusing on the three industries investment, new energy vehicles, semiconductors and artificial intelligence. Since 2017, SUN Tour capital has been laid out around these three industries and invested in various companies, including CATL, RONBAY Technology, ArcSoft, Cambricon, TINAVI, Vmax, MAXIO, CorEnergy Semiconductor, etc. The core of SUN Tour capital investment philosophy is to do research with the spirit of scientific, to do investment with the mentality of industry, to pay full attention to the industrial linkage between the invested companies, and to help the integration of resources between the invested companies.

　　With its own controllable IDM production line and experienced technical team, GPT has successfully achieved mass production of silicon carbide devices and competed with foreign power semiconductor industry giants, and gradually take over major downstream markets in China. We are not only the earliest enterprise in China to achieve the large-scale sales of silicon carbide devices, but also the most significant sales performance and the most complete range of silicon carbide power devices manufacturers in China.

　　Due to the 2020 new infrastructure, the demand for silicon carbide has grown dramatically. The international giants in the field of silicon carbide are also entering a stage of rapid development, which stimulates the domestic investment in the new semiconductor and strongly alerts domestic practitioners: it is urgent for the development of China's SiC power devices to accelerate the catch-up with international counterparts and effectively combine capital and industry.

　　Thanks to all the investors and friends’ attention, participation, recognition and support.

　　We will continue to work hard to manufacture good "China Chip"!

　　Welcome to apply our products, if you have any product needs, please find more information on our website: www.globalpowertech.cn