Goldpoly Completes Acquisition of 180MW PV Plants, Reaches 531.7MW of Grid Connected PV across China

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(PRC, Hong Kong, 7 January, 2014) Goldpoly New Energy Holdings Limited (“Goldpoly” or “the Company,” HK stock code: 686, whose largest shareholder is China Merchants New Energy Group “CMNE”), a leading solar power plant investor and operator in China, today announced that Goldpoly, along with its shareholder company Renewable Energy Trade Board Corporation (“EBOD”, a renewable energy trading platform under CMNE), obtained the updated new business license on 7 January 2014 for the 180MW PV project acquired from Zhongli Talesun located in Gonghe, Qinghai Province, and that the acquisition has thereby been completed.

As of 7 January 2014, Goldpoly has completed grid connection for 13 solar power plants with an aggregate grid connected capacity of 531.7MW. (Details below)

Mr. Alan LI, Executive Director/Chief Executive Officer of Goldpoly, said: “Goldpoly has successfully achieved grid connection for a total of 531.7MW solar power plants which reaches the Company’s target as well as delivers on our promise to the market and shareholders. In this new year, we will continuously strengthen collaboration with industry leaders by leveraging on the advantageous resources of our shareholder CMNE, in order to actively develop solar power plants in domestic and overseas markets. We make one step closer to our goal of building the most efficient and professional platform for operating solar power plants in China.”

Goldpoly New Energy Holdings Limited

Goldpoly New Energy Holdings Limited (the “Company”) is a leading solar power plant investor and operator in China. On 10 June 2013, the Company completed the acquisition of China Merchants New Energy Holdings Limited. Following the acquisition, the Company commenced a series of mergers and acquisitions by leveraging strong connections with large conglomerates to achieve rapid growth. The Company aims to become the most efficient and professional platform for solar power plants business in the PRC, as well as to establish a healthy photovoltaic green ecosystem. The Company is listed on the main board in Hong Kong (Stock Code: 00686.HK).

About Goldpoly New Energy Holdings (HK stock code: 686)

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