(Hong Kong, January 16 2017) China’s largest pure solar power plant investor and operator -- United Photovoltaics Group Limited ("United PV", stock code: 00686.HK, whose largest shareholder is China Merchants New Energy Group) won the “Best Investment Value Award” in the “2016 China Financial Market Listed Companies Awards”.
The “2016 China Financial Market Listed Companies Awards” is organized by China Financial Market, a renowned financial magazine in Hong Kong, and the Listed Companies Council of the Hong Kong Chinese Enterprises Association. The winners are chosen by votes from members in an independent review committee, including the professional editorial team of China Financial Market , business leaders, and the invited individuals. The Award aims to recognize excellent listed companies and honoring their outstanding performance in the past year. The award ceremony received wide support and invited lots of reputable guests, including Ms. Jin Ping, Vice Minister of the Economic Affairs Department of Liaison Office of the Central People's Government in the Hong Kong S.A.R, Mr. Ju Mengjun, Director of Xinhua News Media Limited, and Mr. Chan Chun-ying, Member of the Legislative Council of the Hong Kong S.A.R. ( Finance Functional Constituency).
As the largest pure solar power plant investing and operating listed company in China, United PV owned a wide range of power plants located in Inner Mongolia, Qinghai, Ningxia, Shanxi, Hubei, Xinjiang, Gansu, Yunnan, Jiangsu, Anhui, Shandong, Hebei and Guangdong, as well as England and other developed countries and districts, with total installed capacity of around 1.4 GW. The “Best Investment Value Award” is not only an honor to recognize United PV’s current competitiveness and future growth potential, but also confidence from the investors to United PV’s and industry’s future development prospects.
At the end of 2016, the National Energy Administration released the “13th Five-year Plan for Solar Power Sector”, aiming at increasing the non-fossil energy consumption including solar power consumption and enlarge the proportion to take up over 15% in total energy consumption in 2020, and achieving solar power installed capacity of over 105 GW. At the beginning of 2017, smog problem brought the green clean energy into the spotlight of the society again. Meanwhile, the National Energy Administration issued several notices in many provinces and required reduction or suspension of coal production scale.
The climate change has made a catastrophic impact around the world and the actions to environmental protection should be taken without delay. In 2016, the signing of the “Paris Agreement” has set specific objectives in dealing with climate change. As an international platform integrating global new energy recourses, as well as the national name card of China energy transition, United PV is taking its industry responsibility to promote clean energy development. In September 2016, United PV and the United Nations Development Programme (“UNDP”) signed a strategic cooperation agreement. United PV will be the international platform for the United Nations in dealing with climate change. Taking Panda Power Plant as the carrier, United PV will cooperate with UNDP to support the national strategy of “One Belt, One Road”, and work with international photovoltaic technological representative companies to build solar power plants in countries alongside “One Belt, One Road”. Panda Solar Power Plant will also promote clean energy among the youth, and encourage them to take action in dealing with climate change. The world’s first Panda Solar Power Plant was launched in Datong, Shanxi Province in November 2016. It is a practice of executing the Paris Agreement, turning proposal into implementation and concept into action. It also demonstrates that United PV has been actively responding to the national policy on taking responsibilities to develop clean energy. With competitive advantages in investing, developing and operating solar power projects, United PV will open a new chapter of China’s environmental protection by applying its business model, technology innovation, cross-border resource optimization and integration, and will further increase shareholders’ return, making clean energy a powerful booster of economy development in the future.
