Announcement • May 23
Aiko Signs Module Supply Agreement with Infinity Power for Nefer Benban Solar Photovoltaic Project AIKO announced that it has signed a module supply agreement with Infinity Power to equip the 259 MW Nefer Benban solar photovoltaic project, located in Egypt's Benban solar complex in Aswan Governorate. Nefer Benban will deliver 259 MW of solar PV capacity integrated with 120 MWh of battery energy storage. Once operational, it is expected to supply electricity to approximately 311,000 homes and avoid around 349,000 tonnes of CO2 emissions annually. Situated in one of the world's harshest solar environments, the project features an average annual temperature of 34°C and solar irradiation of 1,620 kWh/m². These extreme operating conditions demand high-performance and highly durable solar modules. AIKO's All-Back-Contact (ABC) technology has been selected to meet these rigorous requirements while supporting an accelerated project timeline, with all modules to be delivered within one month from the signing of the agreement. The project is scheduled to be connected to the grid by the Fourth Quarter of 2026. Infinity Power's core objectives for the project centered on lowering LCOE, maximizing IRR, and operating within a constrained CAPEX framework. AIKO's ABC modules, AIKO-A-GRH-66Dw (2382×1134×30mm), address these requirements directly. With 24.2% module efficiency and power output of 650/655Wp, the modules deliver 20W more than leading TOPCon products in the same area, at no additional cost per watt. This allows Infinity to increase energy output without additional land or mounting structure costs. The performance advantages are reinforced by AIKO's industry-leading degradation rates: first-year degradation =1%, and annual degradation from year 2 to 30 at 0.35%. Combined with a 15-year product warranty and a 30-year power warranty, these characteristics ensure long-term reliability and sustained energy output. The modules are expected to generate 471.6 GWh of annual electricity, translating into total lifecycle revenue of USD 566 million. Key economic benefits compared with conventional TOPCon modules under the same land area: Installed capacity increase: 4.0%, Lifecycle energy gain: 5.8%, Per-watt BOS cost reduction: 4.0%, LCOE reduction: 3.7%, IRR improvement: 1.6%. Reported Earnings • Apr 29
First quarter 2026 earnings released: CN¥0.21 loss per share (vs CN¥0.16 loss in 1Q 2025) First quarter 2026 results: CN¥0.21 loss per share (further deteriorated from CN¥0.16 loss in 1Q 2025). Revenue: CN¥4.44b (up 7.3% from 1Q 2025). Net loss: CN¥439.7m (loss widened 46% from 1Q 2025). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Apr 28
Shanghai Aiko Solar Energy Co.,Ltd., Annual General Meeting, May 20, 2026 Shanghai Aiko Solar Energy Co.,Ltd., Annual General Meeting, May 20, 2026, at 13:30 China Standard Time. Location: No. 100, Xingfu Lake Road, Houzhai Subdistrict, Yiwu, Zhejiang China 
