Hoshine Silicon Industry Group Co., Ltd. announced the acceptance of its private placement request by the Shanghai Stock Exchange, targeting proceeds of up to CNY 5.8 billion (approximately $840 million). The company plans to allocate CNY 4.1 billion to the first phase of an integrated silicon materials project in Shanshan, which includes eight 75 MW backpressure turbines and associated thermal systems. An additional CNY 1.7 billion will be used for working capital and debt repayment. The project aims to enhance energy self-sufficiency and reduce electricity price volatility, which accounts for 30-40% of production costs. The integrated facility is expected to stabilize operational expenses and improve margins in Hoshine's silicon production chain.