Investor Presentaiton

• Cleantech IPO: According CVSource Statistics, 12 clean technology companies were successfully listed in 2014, increased by 1100% compared with 2013, raising $ 4.321 billion, increased by 65.58% compared with 2013. In addition, 5 of them has the background of VC/PE. M&A There were 481 announced transactions, increased by 62.5% compared with 2013, with transaction amount of $ 9.679 billion, increased by 20.9% compared with 2013. There were 133 completed transactions, increased by 12.71% compared with 2013, with transaction amount of $ 2.571 billion, declined by 28.73% compared with 2013. The largest one: Fujian Nan Fang acquired 100% of Fujian Fu Neng Energy with $ 258 million, and acquired 75% of Jinjiang Natural Gas with $ 204 million. Overall, the number and amount of the announced M & A transactions have reached maximum in recent years. Although the completed transaction number has gone up, the completed transaction scale suffered a cold again after the warming up of 2013. 2009年至2014年清洁技术行业并购宣布及完成趋势图 12000 10000 481 296 8000 201 230 183 141 6000 190 164 118 133 95 113 4000 2000 0 2009 2010年 2011 2012 2013 2014 宣布并购金额 US$M 宣布并购案例数量完成并购金额 USSM 完成并购案例数量 CVSource, 2015.01 www.ChinaVenture.com.cn

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