GCL TECH (03800) has announced preliminary results based on the latest unaudited management accounts. The board informs shareholders and potential investors that the unaudited key operating metrics for the photovoltaic (PV) materials segment for the period from July 1, 2025, to September 30, 2025, are as follows: 1. During this period, the unaudited profit from the PV materials segment is approximately RMB 960 million (which includes after-tax proceeds of about RMB 640 million from the sale of an associated company); this represents a turnaround from an unaudited loss in the same period last year; 2. The unaudited adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the segment during the period is approximately RMB 1.41 billion, also marking a turnaround compared to the previous year's unaudited adjusted LBITDA (Loss Before Interest, Taxes, Depreciation, and Amortization); and 3. The average selling price of granular silicon during the third quarter (including tax) was RMB 42.12 per kg, with an average production cash cost of RMB 24.16 per kg (including R&D costs). The company is a leader in the polycrystalline silicon industry and a pioneer in new productive forces in the nation. With its advanced silane fluidized bed technology, GCL TECH holds a significant energy consumption advantage for granular silicon production, fully complying with the new energy consumption standards proposed by the National Standardization Administration on September 16, 2025. The company is committed to accelerating the exit from a "cutthroat" competitive environment in the polycrystalline silicon industry, actively enhancing collaboration with upstream and downstream partners in the supply chain to achieve shared success; the company adheres to a production strategy based on sales and maintains low inventory levels, continually driving the recovery of market prices in the photovoltaic supply chain to promote sustainable development and contribute to the overall healthy circulation of the industry.