Shenzhen, China，29 July 2015, China Merchants New Energy Group (“China Merchants New Energy” or the "Group”, whose the largest shareholder with United Photovoltaics Group Limited (“United PV”, stock code: 00686.HK). On 27 July 2015, the management of Shenzhen Rainbow Fine Chemical Industry Company (“Rainbow Fine Chemical”) was given a reception in operational centre in Shekou, Shen Zhen. Mr. Alan LI, Chief Executive Officer of China Merchants New Energy, Chairman of United PV and the representatives of China Merchants Capital, conducted in-depth discussion on strategic cooperation with Mr. Yongdi Chen, Chairman of Rainbow Fine Chemical.

As the professional platform for operation and investment in solar industry under China Merchants Group, China Merchant New Energy and United PV had a broad cooperation with industry peers. As a leading solar power plant investor and operator, United PV entered into a framework cooperation with Rainbow Fine Chemical after an in-depth discussion on strategic cooperation in the future.

China Merchants New Energy is principally engaged in investment in new energy under China Merchants Group, exploring innovative financing models and enjoying rich experience in solar power plant investment and operation. Rainbow Fine Chemical moved into solar power plant industry since early 2014.

Mr. Alan LI, Chairman of the Board of United PV, said: “ With the rapid development of solar power industry, China Merchant New Energy and United PV committed to certification of industry business development, EPC（Engineering Procurement Constructiono）, operation and maintenance service, and will select promising partners, such as Zhejiang Heda、Hareon Solar、Rainbow Fine Chemical in order to obtain more high-quality projects, and build a healthy ecological circle”