Overview of New Solar Panel Factory at Vietnamese Subsidiary
TOYO SOLAR CLEAN ENERGY COMPANY LIMITED (a consolidated sub-subsidiary under TOYO Co.,Ltd.)
New solar panel factory at Lot CN02, Cam Khe Industrial Park, Cam Khe Commune, Phu Tho Province, Vietnam; solar panels
Responding to increased demand resulting from the growth of the solar power generation markets in Asia, Europe and elsewhere, and establishing a global supply chain capable of responding flexibly to geopolitical risks
The impact of this matter on the Company's financial results is expected to be minor.
Mass production is scheduled to begin around 8 May 2026. If circumstances arise in which disclosure of the impact of this matter on financial results is required, the Company will promptly make the necessary disclosure.
The Company will promptly make the necessary disclosure if circumstances arise in which disclosure is required.
| Item | Details |
|---|---|
| Event name | Overview of New Solar Panel Factory at Vietnamese Subsidiary |
| Date of occurrence | 20 April 2026 (completion date) |
| Subject Entity | TOYO SOLAR CLEAN ENERGY COMPANY LIMITED (a consolidated sub-subsidiary under TOYO Co.,Ltd.) |
| Target Locations / Products | New solar panel factory at Lot CN02, Cam Khe Industrial Park, Cam Khe Commune, Phu Tho Province, Vietnam; solar panels |
| Cause | Responding to increased demand resulting from the growth of the solar power generation markets in Asia, Europe and elsewhere, and establishing a global supply chain capable of responding flexibly to geopolitical risks |
| Impact on Earnings Forecast | The impact of this matter on the Company's financial results is expected to be minor. |
| Outlook | Mass production is scheduled to begin around 8 May 2026. If circumstances arise in which disclosure of the impact of this matter on financial results is required, the Company will promptly make the necessary disclosure. |
| Planned follow-up disclosure | The Company will promptly make the necessary disclosure if circumstances arise in which disclosure is required. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Demand is expected to increase as the solar power generation markets in Asia, Europe and elsewhere continue to grow. In addition, the Company aims to establish a global supply chain capable of responding flexibly to geopolitical risks by locating production bases in Vietnam, Ethiopia and the United States.