United PV under CMG Wins “Most Innovative Listed Company Award”

Hong Kong, China, 16 November 2015 – China Securities Golden Bauhinia Award Ceremony was held in Hong Kong. United Photovoltaics Group Limited (“United PV” or the “Company”, stock code: 00686.HK, whose largest shareholder is China Merchants New Energy Group “CMNE”) was granted the “Most Innovative Listed Company Award” leveraging on its excellence in production-finance integration, technology innovation and financial results.

China Securities Golden Bauhinia Awards, one of the most credible selections for listed companies in Hong Kong and Mainland China, are assessed by authoritative organizations, experts and investors. Golden Bauhinia Awards, presented to listed companies, fund, and investment banks, has become one of the most important indicators for investors.

Tapping its own strengths, United PV continues to promote innovative production-finance integration in recent years, including developing the world's first megawatt distributed solar power project. United PV will launch “celebrity crowd-funding” and “ten thousands household crowd-funding” in the near future, to encourage public participation in construction of green energy. In addition, the Company and the Xinjiang Production and Construction Corps (XPCC) will jointly establish “silk road industry fund”, to take forward constructions of solar power plants in "Belt and Road" countries.

United PV keeps abreast of both domestic and international new energy technology development. The Company strives to achieve a higher level of new energy usage through the effective application of internet technology, Internet of Things, big data and cloud computing technology in the management of solar projects, in which the Company is notable for its ground breaking and innovative business model combining “Internet and New Energy”. The Company was enlisted in the first batch of Top Runner Program by the central government in August 2015, to lead the industry and enhance the competitiveness of Chinese corporates by applying advanced technology.

United PV has made remarkable achievements in terms of the Company’s value asset, revenue and profit as its business expanded rapidly and successfully. According to the Company’s 2015 interim results, the Company’s revenue surged 125% to RMB283 million and EBITDA for the solar power plants business increased approximately 227% as compared to the corresponding period in 2014.

United PV currently owns or is in the process of completion acquisition of 45 solar power plants with a total installed capacity of about 2GW, including 26 grid-connected solar power plants with a total installed capacity of 907MW across Xinjiang, Inner Mongolia, Qinghai, Gansu, Jiangsu, Fujian, Guangdong, etc.

United PV’s outstanding performance is also well recognized by the market. The Company is included in the five major indexes compiled by Hang Seng Indexes Company Limited, namely Hang Seng Composite Index (“HSCI”) Series (HSCI, HSCI - industrials, Hang Seng Composite MidCap & SmallCap Index, Hang Seng Composite SmallCap Index) and Hang Seng Global Composite Index, with effect from 14 September 2015. Looking forward, United PV will spare no effort to contribute to China’s solar power industry and provide safe and clean green new energy.