United PV Joins MSCI Global Small Cap China Index

Hong Kong, China, 25 November 2015 - United Photovoltaics Group Limited (“United PV” or the “Company”, stock code: 00686.HK, whose largest shareholder is China Merchants New Energy Group “CMNE”), a leading solar power plant investor and operator in China, is pleased to announce its inclusion as a constituent stock of Morgan Stanley Capital International (“MSCI”) Global Small Cap China Index, with effect from 30 November 2015.

MSCI is a leading industrial leader which offers global investors with benchmark approaches to categorizing the global equity universe, product and service development. MSCI indexes cover companies with excellent operational performance and high potential investment value, which are widely used as international equity benchmarks by institutional investors. MSCI Global Small Cap China Index comprises a series of indexes including national index, composite index, domestic and overseas index, as known as a methodology designed to measure the performance of small cap Chinese equities.

United PV’s joining of MSCI Global Small Cap China Index reflects the capital market’s recognition on the Company’s development strategies and operational results, as well as United PV’s business performance and future prospects. The management believes it will further enhance the Company’s global reputation and market position, thus strengthening investors’ confidence towards the Company. Looking forward, United PV will make every effort to contribute to the transformation of the Chinese energy system, aiming to create a green environment for the community.