Recent Updates — TOYWF

TOYO Co., Ltd. issued a press release welcoming President Trump's Section 232 proclamation regarding polysilicon and solar product imports, which aims to accelerate American solar manufacturing. The company reaffirmed its commitment to expanding U.S. operations, citing an existing 2GW module facility in Houston and a $357 million investment in an advanced heterojunction cell facility at its Texas campus. TOYO plans to build a phased domestic supply chain connecting American polysilicon with local wafer, cell, and module production. The filing highlights the company's strategy to engage with the Department of Commerce on an integrated manufacturing plan using non-FEOC supply chains. TOYO Co., Ltd. is a solar manufacturing company focused on vertically integrating upstream silicon and wafer production with downstream photovoltaic module assembly.

TOYO Co., Ltd announced the resignation of CFO and director Raymond Chung on June 30, 2026, which was not due to any disagreement with the company. Yasunari Harada was appointed as the new CFO and director, effective July 1, 2026, following his extensive experience in international finance and management. TOYO Co., Ltd is a Cayman Islands exempted company.