Datang Anhui announced that By leveraging Datang Anhui's advantages such as capital, construction and operation with Central Low Carbon's industrial advantages, through joint development and industrial cooperation between the Parties, Central Low Carbon shall designate its subsidiary or associated company to invest in certain projects in Anhui Province according to Datang Anhui's needs of developing supporting industries, to assist Datang Anhui in obtaining new energy projects in the Anhui region and implementing land resources and obtaining government support. Those projects to be invested by Central Low Carbon mainly include photovoltaic module projects or high-efficiency solar cell projects within Anhui Province, the specific investment direction and scale will be determined in the formal investment agreement to be entered into between Central Low Carbon's designated associated company(ies) and the relevant local government department(s) where those projects are located. After signing the aforesaid formal agreements, Datang Anhui will give priority in selecting: (i) photovoltaic modules of Central Low Carbon and its associated companies; and (ii) engineering, procurement and construction (EPC) general contractors that have cooperation with Central Low Carbon to undertake construction projects, upon the same terms and conditions and within the scope of cooperation of the Parties, provided that the relevant requirements of the holding company of Datang Anhui, China Datang Corporation Ltd. (Zhong Guo Da Tang Ji Tuan You Xian Gong Si) (Datang Corporation) are met.

In addition to the photovoltaic resources obtained from Central Low Carbon's industrial investment, Datang Anhui shall actively assist Central Low Carbon in entering the procurement catalogue of Datang Corporation, and give priority to Central Low Carbon and its associated company when acquiring photovoltaic modules upon the same terms and conditions. Datang Anhui will actively assist Central Low Carbon in selling photovoltaic cells, provided that the compliance and quality requirements of Datang Anhui and the module manufacturers are met. The Parties shall establish a joint venture company at the location of those new energy projects, in which Central Low Carbon's shareholding shall not exceed 30%.

The joint venture company will be responsible for the development, construction and operation of those projects, and will carry out various tasks in strict accordance with the standards of Datang Corporation, with establishment of such joint venture company and details of the cooperation matters to be determined between the Parties by separate agreement. The Parties will actively cooperate to develop an integrated pilot project of source, grid, load and storage at the location of those projects proposed to be invested. Specific matters shall be further negotiated between the Parties.

Mode of cooperation: To ensure the effective cooperation of the Parties and to expand the scope of cooperation, the Parties agree to hold meetings from time to time to time to strengthen exchanges and visits between their respective leaders, and coordinate and resolve major issues that arise during the implementation of the Agreement. In response to the government's guidance on the introduction of supporting industries, Central Low Carbon will actively cooperate with the government in conducting on-site inspections of specific projects and strive for early implementation of projects. The Parties shall clarify the strategic cooperation interface method, jointly carry out substantive work and implement various specific matters of the Agreement.

The Parties shall regard each other as a priority cooperation partner and jointly promote the development of their cooperation projects. Non-legally binding effect: The Agreement will be effective on the date of its execution by the Parties, and is merely a letter of intent entered into between the Parties to strengthen their strategic cooperation. Save for confidentiality obligations, the Agreement is not binding on the Parties.

The Parties shall sign specific cooperation agreements for specific cooperation projects under the framework of the Agreement. The rights and obligations of the Parties regarding specific projects shall be subject to the signed specific cooperation agreements, approval of regulatory bodies and other legal documents.