Keynote Highlights from SEG Solar's of Phase I Successful Operation Ceremony

Batang, Central Java, Indonesia, August 8, 2025 – SEG Solar ("SEG"), a leading U.S. photovoltaic module manufacturer, officially celebrated the successful operation of the first phase of its photovoltaic industrial park in Batang, Central Java, Indonesia. The event brought together distinguished guests who delivered keynote addresses, extending congratulations on the successful commencement of mass production and initial shipments from the facility.

KOMJEN POL (P) Drs. AHMAD LUTHFI, S.H., S.ST.M.K., Governor of Central Java, emphasized: "Indonesia is one of the world's most promising emerging PV markets, with projections for 17GW of new solar capacity by 2030. Central Java is actively responding to national strategy by positioning new energy as a core driver for regional economic transformation. We welcome leading international enterprises like SEG Solar to invest here, accelerating the upgrade of our green energy infrastructure and delivering multiple benefits in employment, technological advancement, and sustainable development."

M. Faiz Kurniawan, District Head of Batang Regency, stated: "SEG's investment in Indonesia has yielded significant results, successfully becoming one of the first U.S. companies to obtain an operating license within the Batang Special Economic Zone, demonstrating its strong commitment to local development. We look forward to further enhancing regional economic vitality through our partnership with SEG, creating high-quality jobs and jointly advancing the process of green industrialization."

Tjerja Karja Adil, Head Administrator of KEK Kendal & Batang, emphasized: "SEG Solar’s successful Phase One launch is a testament to effective public-private collaboration and sets a benchmark for major project implementation. As a key anchor tenant, SEG is setting a standard for high-tech, green manufacturing. We will continue to support SEG and other high-quality partners in deepening local value chain development."

Ngurah Wirawan, President Director of KITB, noted: "Our collaboration with SEG goes beyond infrastructure delivery; it's about co-building a sustainable industrial ecosystem. This project will accelerate the localization of technology and enhance the park's high-value-added manufacturing capabilities."

Colly Huang, Deputy General Manager of PT SEG Solar, highlighted: "From groundbreaking to first shipment, the SEG Indonesia PV Industrial Park achieved its milestone in just seven months, showcasing the remarkable 'SEG Speed.' We have successfully met our Phase One objectives, and Phase Two is now actively in preparation. Moving forward, PV products embodying 'American Quality, Made in Indonesia' will launch from here, serving markets across Southeast Asia and globally."

Michael Eden, Co-Founder and General Counsel of SEG Solar, emphasized: "Indonesia's clear renewable energy targets and strong support for domestic manufacturing provide a favorable environment for our growth. SEG is committed to building a robust local supply chain, delivering high-quality, locally manufactured PV solutions for large-scale utility projects and other initiatives in Indonesia."

Jun Zhuge, Founder and CEO of PT SEG Solar, stated: "With over a decade of experience in the global PV market, the launch of our Indonesia factory represents more than just a capacity expansion; it is a critical step in our 'local manufacturing, local service' strategy. We are not only exporting efficient products, but making a long-term investment in technology and talent. As we establish a dual-core manufacturing hub in the U.S. and Southeast Asia, SEG will continue to strengthen our integrated capabilities across wafers, cells, and modules. Through technological innovation and regional collaboration, we aim to build a more efficient and resilient global supply chain, providing sustainable solutions for the energy transition."

With the successful launch of the first phase of its Indonesia industrial park, SEG has officially entered a new phase of deep localization. The company is committed to collaborative development with its Indonesian teams and partners, using local manufacturing, local service, and local collaboration as its foundation. SEG will continue its investment to support the upgrade of the PV industrial chain, striving to become a trusted long-term partner in Indonesia's green transformation.

About SEG Solar

Founded in 2016, SEG is a leading vertically integrated PV manufacturer headquartered in Houston, Texas, U.S., and is dedicated to delivering reliable and cost-effective solar modules to the utility, commercial, and residential markets. By the end of 2024, SEG had shipped over 6 GW of solar modules worldwide and have achieved a module production capacity of 6 GW.