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PRESS

2010-04-20

Our Group Signs a Strategic Alliance Agreement with China Construction Bank(Liaoning Branch)

On 19th April, 2010, our group signed a Strategic Alliance Agreement with China Construction Bank(iaoning Branch) Guests at the signing ceremony included Mr. Liu Shunxing, Chairman and CEO of our Group, Mr. Liu Dongyan, Vice President of our Group, Mr. Le Yingjun, Governor of China Construction Bank (Liaoning Branch) and Mr. Han Min, Deputy Governor of China Construction Bank (Liaoning Branch). According to the agreement, China Construction Bank (Liaoning Branch) grants a stand-by credit line of RMB 5 billion to the Group which will be used to support its business development in China. China Construction Bank(Liaoning Branch) will also leverage its business strengths to promote more extensive cooperation with the Group in investment, cash management, financing settlement and mergers and acquisitions.

The Group has invested in 28 wind farms, 12 of which have commenced generating electricity with a capacity of 566.25MW. Those presently in operation are able to sell “green” electricity totalling 1.35 billion kWh to the nation’s electrical power grid corporations a year, realising a revenue of nearly RMB0.8 billion and preventing the emission of about 1,400,000 tonnes of carbon dioxide a year.

 

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