Thin-film formingand flexibility are the future and general trend of the development of the photovoltaic industry. Based on this important strategic judgment, since 2010, Hanergy has organized experts to screen a number of overseas thin-film power generation companies for global technology integration, which is an important step for Hanergy to continue to become an international multinational clean energy company.On June 5, 2012, Hanergy Holdings purchasedaCIGS thin film battery manufacturerSolibro, a subsidiary of Germany's Q-CELLS. The company's copper indium gallium selenide (CIGS) thin-film solar cells have the highest module conversion efficiency in the world, with R&D conversion rates of up to 22.9%, and have been certified by the German Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE). On January 9, 2013, Hanergy Holding Group announced the completion of M&A of American company MiaSolé at its Beijing headquarters, taking the second step of overseas technology integration. This M&A made Hanergy obtain the copper indium gallium selenide (CIGS) technology with the world's highest conversion rate, with its R&D conversion efficiency to 20.56%, becoming a thin-film solar energy company that is globally leading in scale and technology.