United PV Completes Acquisition of Guodian Tuoketuo 40MW PV Plants in Inner Mongolia

(PRC, Hong Kong, 4 April 2014) 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, today announced the completion of the acquisition of 89.7839% equity interest in a project company of the Forty-eighth Research Institute, Guodian Tuoketuo County Solar Power Company Limited, which owns a grid-connected solar power plant with an aggregate installed capacity of approximately 40MW in Wulatehouqi, Inner Mongolia.

The 40MW project is United PV’s third Inner Mongolia-based project that has been successfully acquired, and had been included in the Company’s announcement regarding the electricity generation volume summary, which was released on 3 April 2014. The total electricity generation of the Inner Mongolia Tuoketuo PV project reached 16,391 MWh during the first quarter of 2014.