[The State Administration for Market Regulation unconditionally approves Tongwei Co., Ltd.’s acquisition of the equity of Lihao Qingneng] On September 24, the State Administration for Market Regulation made a review decision and unconditionally approved the acquisition of the equity of Qinghai Lihao Qingneng Co., Ltd. (hereinafter referred to as Lihao Qingneng) by Tongwei Co., Ltd. (hereinafter referred to as Tongwei Co., Ltd.) in accordance with the law. This case is an important merger and acquisition in China's photovoltaic field in recent times. Tongwei Co., Ltd. has a presence in industrial silicon, polycrystalline silicon, monocrystalline silicon wafers, solar cells, photovoltaic modules, etc. Lihao Qingneng mainly produces and supplies solar-grade polysilicon. Through this transaction, both parties hope to integrate polysilicon production capacity and better leverage the synergy of the industry chain. The State Administration for Market Regulation attaches great importance to the review of this case, conducted in-depth research around the photovoltaic industry chain, and fully listened to the opinions and suggestions of industry associations and many key enterprises upstream and downstream of the industry chain. The review found that although the combined shares of both parties in the concentration are relatively high in the global and Chinese solar-grade polysilicon markets, the current solar-grade polysilicon market has sufficient production capacity and many competitors. After the concentration, the entities will still face effective competition constraints, and the transaction will not have the effect of excluding or restricting competition in the relevant markets.