Building sustainable competitive advantage is the key to our success. We aim to complete the industry value chain integration and become a leading integrated solar energy platform through the investment in on-grid solar power plants and merger and acquisition of well-performed solar companies around the globe.

Investment in grid-connected solar power plants:

We successfully entered into an agreement with local government of Qinghai Haixi Mongolian-Tibetan Autonomous Region at the end of 2008 to build large-scale on-grid solar power station and was one of the first developers to initiate solar power station projects in Qinghai Province.

We have made tremendous achievements in business development of on-grid solar power plants in 2009. We entered into agreement with China Technology Solar Power Holdings Limited ("CTSP") which is holding a direct 100% equity interest in the Delingha 100 MW Solar Plant Project, to acquire 51% in equity interest of CTSP on 27 October 2009.

With strong support from local governments of Qinghai Province, we are going to become a sizable and fast-growing developer and operator of clean energy power plants.

Merger & Acquisition:

We currently plan to conclude two to three acquisitions by the end of 2010, vertically integrating the PV value chain and leveraging our strong support from major shareholders and extensive M&A experiences of our seasoned management team. As a result, we will own solar businesses from solar power plants to solar modules and PV materials.

Through the acquisition of CTSP in October 2009, we have entered the downstream of solar value chain. Making use of our market advantage in solar power sector, we are planning to further acquire a solar module manufacturer in the midstream to maximize profits.