#1LONGI Solar Company Presentation Pairi Daiza, Belgium The World's Largest Solar Parking Lot LONGI#2Propelling the transformation About LONGI The world's leading solar technology company LONGI leads the solar PV industry to new heights with product innovations and optimized power-cost ratio with breakthrough monocrystalline technologies. LONGi supplies more than 30 GW of high- efficiency solar wafers and modules worldwide yearly, about a quarter of global market demand. LONGi is recognized as the world's most valuable solar technology company with the highest market value. Innovation and sustainable development are two of LONGI's core values. Y2000 Established $242.5 Million R&D Investment (5.10% of revenue, Y2019) 888 40000+ Employees $4.76 Billion $763.5 Million Revenue (Y2019) Net Profit (Y2019) LONGI MIT Technology Review TR50 50 Smartest Companies in China 2019 MIT Science and Technology Review 50 Smart Companies Forbes 2020 GLOBAL 2000 WORLD'S LARGEST PUBLIC COMPANIES Forbes 2020 Global 2000 World's Largest Public Companies 中 财富 FORTUNE 2017 በበ JULO (是基學能科技股份有限公司/ Fortune Magazine China's Top 500 Sachs Goldman NEW CHINA NIFTY 50 Goldman Sachs New China NIFTY 50 (*The Only New Energy Enterprise on the list) LONGI Solar @ (8) 2020 1#3Propelling the transformation Leadership World's leading capacity of monocrystalline solar products World's record for P-Type monocrystalline cell and module efficiency. World's largest scale in monocrystalline silicon wafers, monocrystalline modules and bifacial modules deliveries. World's healthiest solar company in financial strength, according to the latest Bloomberg NEF report. LONGi demonstrates its leadership in the PV industry in energy transformation. LONGi's products fulfilled 15% of new energy installations in the world each year, and is the world's largest supplier of power generation equipment in the PV sector. = 40% Total capacity of monocrystalline silicon wafers, ranked No. 1 worldwide in 2019 9.08 GW Total shipment of monocrystalline cell and modules in 2019 AAA 5.0 GW+ Total shipment of bifacial modules, ranked No.1 worldwide by 2020.05 LONGI Bloomberg NEF Altman-Z Score 3.27, highest of all manufacturers (Bloomberg NEF 2Q-2020 PV Outlook,) > PVTECH AAA Rating in the new PV ModuleTech Bankability (AAA is currently the highest rating, and LONGi is the only one in this level) LONGI Solar @ 2020 2#4Propelling the transformation Leadership Industry leading financial health Adhering to the philosophy of stable operation and sustainable development, LONGi has maintained a low asset-liability ratio through the years. The strong return on asset, good profitability and proven bankability has been validated and recognized by industry authorities. LONGI Annual module capacity, Table 3: Photovoltaic module manufacturers meeting BloombergNEF's tier 1 criteria as of 2Q 2020 Firm/ brand Firm/ brand Annual module capacity, MW/year MW/year ZNShine Wuxi Suntech* 3,500 Jolywood* 3,000 Figure 11: Altman-Z scores of quoted pure-play PV makers, 1Q 2020 or full-year 2019 Longi, 4,500 Jinneng/ Jinergy 2,700 Waaree* 2,000 Jinko* 16.000 Vietnam Sunergy (VSUN Solar)* 1,500 Jetion 2,500 3.27 Hansol Technics, 2.60 Ulica Solar 800 JA Solar* 15,000 Trina Solar* 10,500 Hyundai* 600 Talesun* 6,200 HT-SAAE* 1,500 Swelect 140 Hengdian DMEGC 1,000 SunPower/ Maxeon* 2,800 Heliene* 390 Sumec/ Phono Solar* 2,000 Hanwha Q-Cells* 10,700 Eging, 1.55 Canadian Solar, 1.18 GCL DAQO 1.04 System, 0.99 Sharp 210 Goldi Solar 500 Seraphim / SEG* 5,000 First Solar* 6,200 S-Energy 530 Eging 5,200 Risen Energy 11,100 Chint/Astronergy* 4,200 UREC, 0.20 Shunfeng -0.46 Recom Solar 730 Canadian Solar 13,000 Neo Solar Power/ URE 1,800 BYD 2,400 Longi* 20,000 Boviet* 1,000 First Solar, 2.53 Risen, 1.30 S-Energy, 1.13 Jinko, 1.00 GCL-Poly, 0.23 Asia Americas SunPower, -0.28 LG Electronics* 2,400 Adani/Mundra* 1,500 Leapton Energy 600 Total 163,700 Source: BloombergNEF Source: Bloomberg NEF Note: Methodology here. Note: * denotes a company for which technical due diligence reports are available from PVEL. Contact [email protected] for details. This quarter, BNEF is displaying the Tier 1 list in reverse alphabetical order. LONGI Solar @ 2020 3#5☐ 2000-2005 Era: Accumulation of Semiconductor Technology 2000 Established 2005 Formation of annual production capacity of 30 tons silicon ingot History Propelling the transformation From its humble beginnings in Y2000, LONGI progressed from the first era of developing expertise in semiconductor technology, to the 2nd era of promoting technological innovations in monocrystalline silicon wafers; then to the 3rd era of promoting monocrystalline to the mainstream and finally to today's new era of using solar energy technology to re-green the earth's ecology. Every of LONGi's successive technological innovations brought about industrial transformations. Propelling the transformation LONGI ☐ 2006-2014 Era: Promoting Monocrystalline Silicon Wafers Technological Innovations 2012 A-share market listing 2014 World's No.1 in production of monocrystalline silicon wafer • RCZ Ingot pulling 。 Diamond Wire Slicing Technology • M1/M2 Silicon standard START 2000 LONGI Solar @ 2020 st 4#6Propelling the transformation LONGI ☐ 2015-2018 Era: Promoting Monocrystalline to the Mainstream 2015 Entered solar cell and module market World's No.1 in shipment of monocrystalline module 2018 The world's most valuable PV manufacturer • PERC Trend • LIR Technology 。 Bifacial Technology ☐ 2018-Current Re-Greening Earth's Ecology with Solar Energy Technology 2019 Certified the low carbon footprint by CERTISOLIS Set another standard for ultra high efficiency module о M6 Silicon Standard 2020 Selected as Sole Photovoltaic Sponsor for China Pavilion at Dubai Expo 2020 Officially joined the Global Initiative RE100 History Propelling the transformation With every milestone achieved, LONGi has driven the industry forward, propelling the transformation of the PV industry through innovations and sustainable developments. START 2000 LONGI Solar @ 2020 LO 5#7Propelling the transformation Global Reach Real-time solutions for local markets Customer satisfaction is one of LONGI's core values. LONGI has photovoltaic manufacturing bases for global scale in production and a worldwide marketing network that provide customers with localized services and support, such as project design, product specifications, cooperation planning, business support, logistics and on-site services. Germany Office Frankfurt, Germany Spain Office Rotterdam, Netherland LONGİ Headquarters Madrid, Spain Domestic Factory I Xi'an, Shaanxi I • . Taizhou, Jiangsu Wuxi, Jiangsu Datong, Shanxi Yinchuan, Ningxia Quzhou/Jiaxing, Zhejiang • Hefei/Chuzhou, Anhui Zhongning, Ningxia Baoshan/Lijiang/Chuxiong/Tengchong, Yunnan I Los Angels, USA I Hakata, Japan Xi'an, China {0} Japan Office Oakland, USA U.S.A Office San Ramon, U.S.A New Jersey, USA India Office New Delhi, India (⑰ Q Office LONGI Manufacturing Base Warehouses Tokyo, Japan Marketing & Sales Center Shanghai, China Malaysia Factory Kuching, Malaysia Australia Office Sydney, Australia Brazil Office São Paulo, Brazil LONGI Solar @ 2020 CO 6#8Propelling the transformation Product Portfolio Industry Benchmark From standard monocrystalline, PERC monocrystalline, bifacial, to the Hi-MO 4 modules with the new M6 (166mm) wafer, every of LONGI's new product spearheads the transformation of the PV industry. Hi-MO Series Leading the industry with Mono PERC technology LONGI Solar @ 2020 7 Hi-MO 1 Hi-MO 2 Hi-MO 3 Hi-MO X Hi-MO 4 Hi-MO 5 LONGI Products off the market#9Propelling the transformation Product Portfolio For a wide range of applications Hi-MO 5 extends the Hi-MO series of LONGi's high performance module products. Concurrently available with Hi-O 4, LONGi's product portfolio is suited for a wide range of photovoltaic applications. LONGI Hi-MO 4 60c Best for rooftop DG projects Hi-MO 4 72c Most cost-effective mainstream product Hi-MO 5 66c/72c Optimal choice for ultra-large Power plants Residential rooftop 組 C&I rooftop C&I rooftop Large ground power station Floating power station Ultra-large power station LONGI Solar @ 2020 8#10Propelling the transformation Hi-MO 4 Higher power, lower LCOE LONGI HI-MO 4 series products are monocrystalline bifacial modules using the new M6 (166mm) silicon wafer that delivers the highest power in the modules. LONGi's advanced R&D technology led the upgrade of silicon wafer size from M2 to M6, and ushers in the era of the 166mm standard. LONGI M6 silicon wafer technology enhances the power of the modules, with front side power up to 450W. The results are BOS savings and the lowest LCOE for the photovoltaic project. LONGI LONGI Solar @ 2020 9 о о Leading the era of M6 standard Backside power generation gain Good electrical performance under shaded conditions 。 Resistant to hot spots о Adapt to high temperature and high radiation environments Hi-MO 4 is available in bifacial and monofacial (Hi-MO 4m) variants#11Propelling the transformation Hi-MO 5 Delivering true value LONGI optimized gallium-doped M10 standard silicon wafers (182mm) to produce a P- Type Mono PERC module with the lowest LID, increased attenuation and power performance as well as long-term reliability. Hi-MO 5 adopts "Smart Soldering" which uses integrated segmented soldering ribbons that maximize light capture and connect cells with reduced gap distance and reduce the tensile stress of the cell. LONGI 。 M10 wafer with gallium-doped technology • P-PERC cell technology • Half-cut cell with multi-busbars 。 72-cell format LONGI Solar @ 2020 10#12Propelling the transformation LONGI Bifacial Technology for Hi-MO series No. 1 in bifacial modules worldwide shipments The highest cost-performance ratio of bifacial modules is achieved with P-type mono PERC technology of which LONGI has led in large-scale commercialization. Direct Light Elevated Height Inter-raw Spacing Reflected Light Ground Albedo Scattered Light Array Shadow LONGI Solar @ 2020 11#13Bifacial Technology for Hi-MO series No. 1 in bifacial modules worldwide shipments Bifacial modules' low attenuation, high rearside energy and the additional albedo gain provide the optimal cost-performance ratio, making this one of the standardized product types today. As of May 2020, LONGI's shipments of bifacial PERC modules have exceeded 5.0GW, ranking 1st in the world. Propelling the transformation 호 Additional power gain from bifacial module based on background type (%) LONGI lot 25% T ┣-ロ- 18% 15% 12% - 8% 10% Albedo (%) 20-25 Grass 20-30 Solid 30-45 Concrete/Sand 70-85 Membrane/Snow 9% 7% LONGI Solar @ 2020 12#14Propelling the transformation LONGI Quality Proven Value High power generation and excellent reliability throughout the product life cycle are fundamental to LONGI's products. From silicon wafer technology with lowest degradation to module design technology that can resist the harshest environments, LONGI tests product quality rigorously and validate them independently. LONGi works with third-party organizations, set up demonstration power stations around the world and continuously tracks the performance of every product in their lifecycle. 100% 98% 97% 84.8% LONGI offers a first-year power warranty of ≥98% for PV modules 97% 98% LONGi's global demonstration power plants Xinjiang, China Lifemoore, USA 84.8% 0 1 5 10 15 20 25 Tuvo, Saudi 100% 98% 97% Inner Mongolia, China Hainan, China Palump, USA Chennai, India 80% 0 1 LONGI Solar Mono PERC module linear power Warranty Standard Module linear power Warranty 80% 84.8% +4.80% 80% 10 15 20 25 0.38% 0.32% 0.32% 2016 2017 2018 Rate of average decay 2015 LONGI Solar @ 2020 13#15Propelling the transformation LONGI Quality Proven Value In addition to standard tests, LONGI's photovoltaic products demonstrated excellent performance in rigorous stress tests conducted by independent third parties. A TÜV Rheinland Precisely Right. Ranked first in TÜV Rheinland PV module. power generation simulation for two consecutive years 2016, 2017 First place in TÜV Rheinland PV energy simulation in the Monocrystalline group in 2018 2019 PV Module Index HIGH ACHIEVER LONGi Solar pv magazine PVTECH First rank in empirical power generation in PV Magazine outdoor power generation evaluation Highest score in Module manufacturing technology (2019, PV-TECH) RETC RETC 2019 High Achievement Manufacturers DNV-GL Top Performers for All extended reliability tests LONGI Solar @ 2020 14#16Propelling the transformation Innovations Continuous technology innovations on open platforms LONGi's innovations are not just limited to technology. The company hopes to integrate innovations and create an open, collaborative platform. This is essentially a new way to connect with industrial partners, universities, research institutes, PV start-ups, as well as customers and colleagues. In a ecosystem, all elements come together in active collaboration and interaction that enables us to design innovative solutions to drive the solar-led energy transformation. LONGI Industrial Partner HUAWEI 3M Heraeus QUPONT Ⓡ NEXTracker SUNGROW Research Institute UNSW CEL IEECAS AUSTRALIA 中国科学院电工研究所 ZHEJIAN UNIVERSI 189 中 SUN VAT-SE *. NGHAI AO TONG LONGI Solar @ 2020 15#17Propelling the transformation LONGI The Future of LONGi Expansion to meet the needs of energy reform Solar power has become the largest new source of electricity installed each year since grid parity is achieved in many regions. The trend is accelerating. As the pace of transition from fossil fuels to electricity increases, the world's demand for electric energy is also undergoing a new round of transformation. In order to meet this strong, continuous demand brought by the energy transformation, LONGI has made an ambitious capacity expansion plan, adhering to the business philosophy of "leading, expanding production with advanced technology", where every new production capacity is a new upgrade of product technology. Silicon wafer production capacity Module production capacity 28.0GW 8.8GW Y2018 42.0GW 14.0GW 75.0GW I 30.0GW Y2019 Y2020 (Proposed) LONGI Solar @ 2020 16#18Propelling the transformation LONGI RE 100 The Future of LONGI Sustainable Development Strategy With "Solar for Solar", LONGI officially joined the Global Initiative RE100, and will keep building towards achieving 100% in clean energy consumption. LONGI always had sustainable management as a core criteria for business decision-making, including continuous investments in innovation and research, advocating an open corporate culture and promoting scientific institutional research. At the same time, LONGi has been leading continuous changes in electric power and energy, promoting the sustainable development of the planet and mankind. It is LONGi's vision and roadmap that Earth will be completely green and self-sustainable in the first half of this century. Using clean energy in manufacturing Solar becomes the main electricity source for electric vehicles Solar + desalinated seawater irrigates the deserts, H₂ 100% renewable energy. Earth enters H2 creating oasis a carbon-negative mode I 2020 2025 2030 2035 2040 2045 2050 | I Solar pumped-hydro energy storage, starts using solar in manufacturing Renewable energy accelerates the replacement of fossil energy JAL Solar hydrogen energy, applied to the ocean and air transportation and reducing smelting LONGI Solar @ 2020 17#19LONG! Propelling the transformation Project Type 208 MW Ground-mounted Solar Plant Project Location Altiplano, Argentina LONGI Solar @ 2020 18#20Propelling the LONGI transformation 33.60MW Project Type Ground-mounted Solar Plant Project Location Pernambuco, Brazil LONGI Solar @ 2020 19#21LONGI the transformation Project Type 191 MW Ground-mounted Solar Plant Project Location Aguascalientes, Mexico LONGI Solar @ 2020 20#22LONGI Propelling the transformation Project Type 3.60 MW Ground-mounted Solar Plant Project Location San Felipe, Chile LONGI Solar @ 2020 21#23LONGI Propelling the transformation LLLL LLL 251MW Project Type Ground-mounted Solar Plant Project Location Nevada, USA LONGI Solar @ 2020 22#24LONG Propelling the transformation 120MW Project Type Ground-mounted Solar Plant Project Location Concord, USA LONGI Solar @ 2020 23#25LONGI Propelling the transformation 25.5MW Project Type Ground-mounted Solar Plant Project Location Alberta, Canada LONGI Solar @ 2020 24#26LONGI Propelling the transformation Project Type 7.50MW Ground-mounted Solar Plant Project Location Fertőd, Hungary LONGI Solar @ 2020 25#27LONGE Propelling the transformation Project Type 63.8M W Ground-mounted Solar Plant Project Location Chmelnizki, Ukraine LONGI Solar @ 2020 26#28Propelling the LONG transformation 7 13.89MW Project Type Ground-mounted Solar Plant Project Location Shika Machi, Japan LONGI Solar @ 2020 27#29LONGE Propelling transformation 168MW Project Type Ground-mounted Solar Plant Project Location NinhThuan, Vietnam LONGI Solar @ 2020 28#30LONGI Propelling the transformation Project Type 72.5MW Ground-mounted Solar Plant Project Location Maharashtra, India LONGI Solar @ 2020 29#31LONGİ Propelling the transformation Project Type 170 MW Ground-mounted Solar Plant Project Location Karnataka, India LONGI Solar @ 2020 30#32Propelling the LONGI transformation 250MW Project Type TOP RUNNER Ground-mounted Solar Plant Project Location Shaanxi, China LONGI Solar @ 2020 31#33LONGI Propelling the transformation Project Type 210MW Ground-mounted Solar Plant Project Location Qinghai, China LONGI Solar @ 2020 32