Chairman Yin Haijie and Sheikh Ali Alwaleed Al-Thani, CEO of the Qatar Investment Promotion Authority

        October 23, 2025, Doha time, Yin Haijie, the chairman of Luyi Industrial Development QFZ Co., LTD. (the operating entity of the China-Qatar Luyi Industrial Park), and Yao Xubo, the CEO, met with Sheikh Ali, the CEO of the Qatar Investment Promotion Agency. Representatives of leading Chinese photovoltaic enterprises that are planning to settle in held a special meeting with Sheikh Ali Alwaleed Al-Thani, CEO of the Qatar Investment Promotion Agency, and his delegation. They reached consensus on issues such as the demands of enterprises, policy support, and market connection, laying the foundation for the implementation of photovoltaic projects in Qatar.

        This potential enterprise is a listed company on the main board of the Hong Kong Stock Exchange. It has been deeply engaged in the photovoltaic field for nearly 30 years and ranks among the top in China in terms of technology and competitiveness. It plans to settle in the industrial park to build a production and research and development base, promote the localization of the entire photovoltaic industry chain, and create a photovoltaic technology and manufacturing hub in the Qatar region.

        As the core investment promotion agency of the country, the Qatar Investment Promotion Agency shoulders the responsibility of promoting economic diversification and implementing the "Vision 2030". Sheikh Ali affirmed that the China-Qatar Luyi Industrial Park has played a bridging role in China-Qatar cooperation. It has been clearly defined that support will be provided in three aspects: In terms of policy, enterprises will enjoy full tax exemption in the park, covering tariffs, value-added tax, etc. In the market, priority is given to ensuring local orders and supporting the export of products to the Middle East and Africa. Financially, a "special subsidy of 1 billion US dollars "(not exceeding 40%) is provided, covering both capital expenditures and operational expenditures.

        This meeting addressed the concerns of enterprises, enhanced their confidence in moving in, and consolidated the position of the China-Qatar Luyi Industrial Park as the "core carrier of China-Qatar industrial cooperation". It will create a "leading effect" to attract more advanced manufacturing projects from China.

        Next, Zhongka Luyi Industrial Park will continue to assist enterprises in applying for subsidies and handling the procedures for entry, accelerating the implementation of projects. At the same time, we will intensify efforts to attract investment, encourage more high-quality projects to settle in, facilitate the "going global" of "Made in China" and the implementation of Qatar's "Vision 2030", and achieve mutual benefit and win-win results for both China and Qatar.