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A novel single-stage isolated high power factor correction (HPFC) converter operating in the discontinuous conduction mode is proposed in this paper. It is an integration of a buck-boost converter with a flyback converter by means of components placement and synchronous switching technology. It can achieve HPFC, tight output voltage regulation and lower voltage stress of the bulk capacitor, which is independent of the loads. The small-signal mathematical model for the proposed converter is derived separately by the averaging method and the current injected equivalent circuit approach. The IsSpice simulations and experimental results successfully verify the dynamics and performances of the proposed converter.