(PRC, Hong Kong, 27 December 2013) 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 it, together with Huabei Expressway Co., Ltd (“Huabei Expressway”), has successfully completed the acquisition of a 23.8MW on-grid solar power plants project in Fengxian, Xuzhou City, Jiangsu Province. Each party owns a 50% equity interest in the project.

Mr. Alan LI, Executive Director/Chief Executive Officer of Goldpoly , commented: “It is the first joint acquisition of solar power plants we have completed together with Huabei Expressway. It proves the feasibility as well as advantages of our cooperation model within China Merchants Group for carrying out joint acquisitions. We believe the success can usher in more cooperation opportunities in the future.”