Meyer Burger Investor Presentation

China 531: pushing towards a more market driven model to enable grid parity soon Stop uncontrolled growth immediately Suspend approval for new utility-scale PV power stations in 2018 - No Build Plan for utility-scale PV stations The "Build Plan" for distributed PV power is capped at 10 GW, incl. residential and commercial applications Reduce FIT rate by RMB 0.05/kWh for both utility-scale and distributed PV projects Continue to launch "Top Runner" Program; 2018 plan to be released later Prepare MEYER BURGER for more controlled auction process ■ Utility-Scale PV - - All utility-scale PV projects must determine. the developer through bidding method The tender price should not be higher than. the FIT rate post adjustment of Policy 531 Distributed PV Encourage local government to introduce. bidding process for distributed PV excl. residential projects - Promote electricity market trading model for distributed PV ■ FiT critical selection indicator for future bidding process Provincial governments should report tender price or subsidy (if any) of each. project to central government for supervision 5 Meyer Burger Technology Ltd, Presentation for Investors, Analysts and Media

View entire presentation