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FIRST has entered a partnership with Tongxin Derun Venture Capital to create the Jiaxing Deke Equity Investment Partnership, contributing RMB 25 million of the total RMB 32.11 million. FIRST holds a 77.86% share as a limited partner.

The partnership aims to invest in enterprises focused on flexible thin-film gallium arsenide (GaAs) solar cells, leveraging professional investment experience to enhance connections within the GaAs industrial chain. Flexible GaAs solar cells, known for high efficiency and lightweight properties, are expected to see increased demand in commercial aerospace applications.