Our Company Will Have a New JV with Guohua in Gansu to Develop WindPower Concession Project

Recently, our company and Guohua Energy Investment Co., Ltd (“Guahua”) obtained the concession to develop a 200MW wind power project in Gansu. Currently, our company is negotiating with Guohua in respect of a joint venture agreement in relation to the formation of a new joint venture in the Gansu province for the development of a wind farm project in that area. Such wind farm project is estimated to have an aggregate installed capacity of 200MW with a total investment of approximately RMB1.8 billion.
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