On December 27, at the awards ceremony of the 2025 Forbes China Industry–Finance Pioneers Selection, jointly hosted by Forbes China and DuoGuan Gaoshou, GCL Technology was honored with the “Leading Enterprise in Industry–Finance Integration” award in recognition of its outstanding practices and industry leadership in integrating industrial development with financial innovation. Meanwhile, Lan Tianshi, Co-Chief Executive Officer of GCL Technology, was named “Industry–Finance Pioneer Leader.”
The dual recognition by Forbes underscores strong endorsement from both industry and capital markets for GCL Technology’s achievements in advancing industry–finance synergy.

Against the backdrop of building a new development paradigm and cultivating new quality productive forces, industry–finance integration has evolved from a traditional financing relationship into a deep convergence of technology, capital, application scenarios and industrial value chains. The Forbes China Industry–Finance Pioneers Selection focuses on core dimensions such as industrial chain leadership, innovation capability, and synergistic resource integration, aiming to identify best practices and promote a high-level virtuous cycle linking technology, industry and finance. GCL Technology’s recognition is a vivid reflection of its long-term commitment to the green energy sector—empowering technological innovation through capital while reinforcing capital value through industrial upgrading.

As a global leader in green energy, GCL Technology has consistently positioned industry–finance synergy as a core growth engine. The Company has built a diversified capital empowerment system across key areas including technology iteration, capacity upgrading and value chain integration. In September this year, GCL Technology successfully completed a financing of HKD 5.446 billion, with proceeds strategically allocated to three priorities: structural optimization of polysilicon capacity, cultivation of a second growth curve in silane gas, and capital structure enhancement. Leveraging the resources and expertise of international investment institutions such as Infinity Capital, the Company is accelerating the overseas substitution and application of advanced silicon materials in sectors including semiconductors and new energy batteries.
This financing not only provides strong financial support for continued technological innovation, but also demonstrates the confidence of global capital markets in GCL Technology’s industrial strategy and technological advantages.

According to a company representative, the award for “Leading Enterprise in Industry–Finance Integration” represents strong recognition of GCL Technology’s innovative practices in the green energy industry–finance ecosystem. Looking ahead, the Company will continue to deepen its dual-engine strategy of “technological innovation + capital empowerment,” pursuing breakthroughs in emerging areas such as silane gas and silicon-carbon anode materials. At the same time, GCL Technology will leverage industrial funds to integrate high-quality industry resources, promote the sector’s transition away from disorderly low-price competition, and refocus on long-term value creation.

With sustained momentum from industry–finance synergy, GCL Technology aims to further strengthen its leadership in the global green energy industry and contribute meaningfully to a high-level virtuous cycle between technology, industry and finance, supporting high-quality economic development.