Confidential

Risen Energy Co., Ltd.

Confidential Index Index

• Management Team

• Share holders list

• Capacity and module shipment

• Business Partner

• Equipment Advantage

• Technology Advantage

• Quality Control

• Product Portfolio

• Product Certification

• Supply chain advantage

• Appendix: pictures of Risen

Confidential

Cao Zhiyuan - CFO

Tang Kunyou - CTO

Ke Changhong – COO

Xue Shanxing – Secretary of the Board

Wang Qibing – Administrator Director

Lin Haifeng - CEO

Management Team Introduction

Highly experienced senior management with production, financing, technology and business development.

Yuan Jianping – Project Investment Director

Cao Zhiyuan, born in 1966, Chinese nationality, no permanent residence abroad, master's degree，served as Secretary of the Board of Zhejiang Xinlian Co., Ltd., investment manager of Shanghai Xinchuang Investments Co., Ltd.，Secretary of the Board of Shanghai Wangchunhua Co., Ltd., vice general president of Shanghai Xinlong Industry Company. From March 2008, he served as the financial administrator of Ninghai Risen Electricity Co., Ltd. Since May 2009, he serves as company director and financial director of the company.

Tang kunyou, born in 1965, Chinese nationality, no permanent residence abroad, undergraduate degree, served as Engineer in the Research Institute of Light Industry Machinery Plant in Gansu Province, Engineer of Sichuan golden coconut security Technology Co., Ltd., Vice President and Product Manager of Jinhai Freezing and Drying Food Co.,Ltd. of Zhangye City, Product Manager and Financial department manager of Chengdu Juren Chemical Industry Co., Ltd., Hainan Tianju Energy Technology Co., Ltd. From July 2006, He served as engineer and chief engineer of Ninghai Risen Electricity Co., Ltd. Since May 2009, he serves as technical director of the company.

Ke Changhong, born in 1980, Chinese nationality, no permanent residence abroad, college education, served as

technician of Guangdong Dongguan Meike Electricity Co., Ltd., From 2002, he served as workshop director and

production director of Ninghai Risen Electricity Co., Ltd. Since May 2009, he serves as director of operations of the

company.

Yuan Jianping, born in 1977, Chinese nationality, no permanent residence abroad, undergraduate degree, served as

technician of Zhuhai Yuhua Co., Ltd., Automation Engineer Of Shanghai Sanding Engineering Technology Co., Ltd.,

service manager of Shanghai Bojia Technology Co., Ltd.. From 2006, he works in Ninghai Risen Electricity Co., Ltd. Since

May 2009, he serves as marketing director of the company.

Xue Shanxing, born in 1968, Chinese nationality, no permanent residence abroad, attending EMBA,Served as Production

Manager and vice General Manager of Ningbo Life-Force Electrical Appliance Co.,Ltd. From December 2008, he worked

in Ninghai Risen Electricity Co., Ltd. Since May 2009, he serves as Secretary of the Board of the company and Special

Assistant to the President of the company.

Wang Qibing, born in 1978, Chinese nationality, no permanent residence abroad, undergraduate degree, EMBA of

Zhejiang University, served as production director of Spectum Brands Corporation of the USA, Ningbo Baowang Battery

Company, Deputy General Manager of Shengbao Power Co., Ltd., From December 2008, he worked in Ninghai Risen

Electricity Co., Ltd. Since July 2009, he serves as Administrative Director of the company.

Lin Haifeng, born in 1975, Chinese nationality, no permanent residence abroad, former Chairman of Ninghai Risen Rubber & Plastics Factory and Ninghai Risen Electricity Co., Ltd., serves as Chairman and Managing Director since May 2009. Mr. Lin Haifeng has awarded many honorary titles, such as Ningbo Top Ten Youth Innovation and Venture Star, First Ninghai Top Ten Youth of Innovation, Ten Outstanding Young Person, Ninghai Individual Model of Environmental Protection. From 2006 to 2008, he has awarded a three years’ succession of “Caring People”. His main social posts are member of the CPPCC Qinghai Committee, member of Youth Committee and councilman of Federation of Industry and Commerce.

Confidential

Shareholder List Risen Energy Co., Ltd. launched IPO in China Growth Enterprise Market on Sep. 2nd, 2010, stock

symbol is 300118, market cap more than 1.8 Billion USD

Company Profile

Shareholder Property Percentage Shares

Lin Haifeng Domestic Natural Shareholder 42.90% 75,071,100

Qiu Haujuan Domestic Natural Shareholder 6.31% 11,050,000

Ninghai Hexing Investment Consultancy Domestic Non-state legal 7.43% 13,000,000

Shenzhen Capital Group Co.,Ltd. Domestic Non-state legal 5.29% 9,263,800

Shenzhen Mairui Investment Management Co., Ltd. Domestic Non-state legal 3.53% 6,175,000

Shanghai Kesheng Investment Co., Ltd Domestic Non-state legal 2.35% 4,117,100

Huijing Lifang Capital Management Co., Ltd. Domestic Non-state legal 2.35% 4,117,100

Chen Man Domestic Natural Shareholder 1.76% 3,087,500

Yang Zengrong Domestic Natural Shareholder 1.18% 2,059,200

Sichuan CAEP-VC CO.,Ltd. Domestic Non-state legal 1.18% 2,059,200

Others - 25.72% 45,013,463

Total 100% 175013463

Confidential Company Profile

Annual Capacity and Module Shipment

From 2008 to 2011, module shipment increased from 11MW to 220MW, cell

output from 50MW to 500MW, capacity of cell and module will expand to

800MW in 2012.

Unit: MW

Unit: MW

Confidential Business Partner

In 2011, Risen cooperated with several OEM, Distributor and EPC partner to develop the market.

By cooperating with these company, module of Risen are well recognized all over the world,

and also get bankable recognize by several foreign banks such as Unicredit, DZ Bank, Credit

Agricole, volksbank, Raffeisenbank, Sparkasse, Umweltbank, OLB,and etc.

EPC & Distributor Customer Bank Financing

Confidential Equipment Advantage

Most Advantage Equipment of Cell and Module Line

Risen Energy has the most advanced equipment for Cell and Module line, all key equipment are using world leading class vendor, such as Centrotherm, Schmid, ADD, Berger, DEK and etc. Even major player such as Trina, Suntech do not have so many automatic production line during module production.

Cell Equipment:

By using world class equipment of cell line, Risen can produce cell with lower cost in high capacity and excellent quality.

1. TPS Furnace 2. Delta Cell Sorting 3. Centrotherm PECVD 4. SCHMID Texturing and Loading 5. DEK Screen Printer

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Confidential Equipment Advantage

Highly Automated Module Production Line From cell welding to power determination, Risen using automatic equipment line to manufacture module, accompanied by strict process management, Risen can provide module in very low cost, high quality and stable performance. Risen has the highest degree automation ability in China.

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1. Teamtechnik Automatic Welding Line 5. Automatic Transport Line after lamination

2. ABB Automatic Lay-up 6. Automatic Module Turning Equipment

3. Automatic Transport Line 7. Automatic Sealant Injection and Frame Installation

4. Gsolar Automatic EL test 8. Automatic Cure Line with Isolation & Flash Test

Confidential Technology Advantage

Cell Efficiency Improvement Roadmap

Core Technology R & D

Process Control • Cell selective diffusion process • Double screen print process • S1 cell introduction

Equipment Parameter Optimize

• Cell equipment parameter optimize and experiment to improve efficiency • Module lamination parameter optimization to short production cycle

National Class Lab • Independent UL1703, IEC61215, IEC61730 tests; • Certified by ISO 17025 • Teamed up by Doctor Zeng and 12 engineering team;

Cooperate with famous institute

• R&D cooperating with 48th Institute of China Electronic Technology Co., Ltd. • Events and frequent communication with other leading experts in PV

industry.

Ensure leading technology competitiveness advantage of Risen

Confidential

Risen got ISO9001: 2008 certification. All manufacturing and quality control process are strictly

follow ISO standards. Module product yield is about 99.5% nowadays.

Quality Control

Stacking

Lamination

Frame Installation

Cleaning

Flash Test

• ABB robot auto machine for module layup • Soldering appearance monitoring • Cell series position and electric connection confirmation

• Lamination equipment temperature strictly control and monitoring • 100% EL test before lamination • 100% appearance monitoring of module

• Strict gel volume control into frame by auto equipment • Automatic frame installation equipment and module movement line • More than 6 hours cure period for module after frame installation

• 100% module cleaning, inspection and isolation test • 100% EL test after lamination

• 100% Flash test of module by Berger simulation • Strict reliability test under standard of IEC criteria • Good management of reference module

Soldering • Full automatic (Teamtechnik) soldering process • Good equipment PM action and plan

Each process of module manufacture is under robust and strict quality control to ensure

reliability and performance of Risen module.

Confidential

Detailed module quality control plan as follow, every key point during module manufacture are

strictly controlled by robust quality control. Quality and production departments are always

keeping on monitoring yield and abnormal of each process, trying best to raise up yield and

reduce loss, module production yield is more than 99.0% nowadays.

Quality Control

Confidential Product Portfolio

Main Product of Risen

Model Type Power (W) Tolerance Cell No. Cell Size Picture

SYP250S l

SYP295S Poly 250 - 295 +3% 72 6'

SYP200S l

SYP245S Poly 200 - 245 +3% 60 6'

SYP190S l

SYP225S Poly 190 - 225 +3% 54 6'

SYP260M l

SYP310M Mono 260 - 310 +3% 72 6'

SYP210M l

SYP260M Mono 210 - 250 +3% 60 6'

SYP220S-M l

SYP260S-M Mono 220 - 260 +3% 96 5'

SYP185S-M l

SYP200S-M Mono 185 - 200 +3% 72 5'

Confidential Product Certification

Risen Energy has got TUV, UL, CE and ISO certification as follows:

Type Institute No. Date

ISO9001:2008 Beijing TIRT Certification Center 04808Q11069R0M 2009-11

TüV Certificate TUV Rheinland LGA Products GmbH 0000025918 2010-02-05

TüV Certificate TUV Rheinland Energie und Umwelt GmbH N8 09 11 72295 001 2009-11-11

CEC List Clean Energy Council ACCREDITED 25918/60028752/60030009 2010-07

MCS BRE Global Limited MCS PV0031 2010-04-23

FSEC Florida Solar Energy Center RI10-NT90-0108 2010-07

PV CYCLE PV CYCLE ASSOCIATION 100328 2010-07-14

UL ULnderwriters Laboratories E314173 2010-10-29

ISO14001:2004 Shengzhen Huantong 02409E10369R0M 2009-09-24

Confidential Supply Chain Advantage

Material Vendor 1 Vendor 2 Vendor 3

Vendor Model Raito Vendor Model Raito Vendor Model Raito

EVA First F806 75% Bridgestone S11 25% / / /

Backsheet Iscovolta Iscovolta2442 30% 3M BBF 45% SFC PP350 25%

Ribbon Kun Ming S.L.T / 100% / / / / / /

Adhesive Tape Kun Ming S.L.T / 100% / / / / / /

Frame Xixia / 100% / / / / / /

J-box GuangZiXing GZX0601 40% Chuangyuan CY801 35% CH ZH008 25%

Silicone Gel Tianshan 1527 85% Luoman 9182 15% / / /

Risen has very good relationship with raw material suppliers and always cooperates with long-term

suppliers, which can provide stable and good quality material at better price.

Risen use similar high performance equipments even better than Trina, Suntech, CSI and etc..

These equipments can ensure good quality and low cost of Risen’s products.

Name Vendor Model

PECVD Centrotherm Photovoltaics AG E2000HT410-4

Flash Test Berger Lichttechnik GmbH& Co.KG. /

Spring Print DEK DEK-PV3000

Furnace TP Solar Inc TPS-MD246-G2/TPS-MD225-G4

Automatic Layup Sheet ABB /

Texturing Gebr. Schmid GmbH&Co. AC-TEX3300

Laser Ellipsometer SENTECH Instruments GmbH SE400

Automatic Welding Machine Teamtechnik GmbH T1200

Key Material and Equipments

Confidential Appendix：Pictures of Risen

Management Board Automatic EVA cutting Automatic Soldering

ABB Robot Auto Layup Automatic Transporting Automatic Transporting

Auto Module Turning Automatic EL Test Automatic Sealant Injection

Module Curing Line Module Package Edge EVA Cutting

Isolation Test UV Exposure Test Warehouse