In April 2025, HAITIAN WATER GROUP CO., LTD. ("HAITIAN CO., LTD.", Stock Code: 603759.SH) completed the acquisition of Heraeus Photovoltaics through its wholly-owned subsidiary, Sichuan Haitian New Materials Co., Ltd. ("Haitian Photovoltaics"). This transaction marks a milestone for Haitian Co., Ltd. in the new energy sector, underscoring its strategic commitment to this burgeoning track and inaugurating a new chapter in innovating photovoltaic materials with global technological capabilities.

Haitian Photovoltaics is a developer and manufacturer of conductive silver pastes for the photovoltaic industry. It has established a comprehensive global R&D and production network to ensure a rapid response to customer needs. With China as its R&D and manufacturing hub and its Singapore Technical Service Center as a strategic pivot for the Asia-Pacific region, the company has built an agile global network that covers the entire chain from R&D and production to service, providing customers with customized technical solutions.