Investor Presentaiton

Solid Finance for Future Growth -Altman-Z scores of pureplay solar companies JA SOLAR First Solar, 3.31 JA Solar, 1.95 S-Energy, 1.91 SunPower, CSIQ, 1.23 1.18 Trina, 0.91 Jinko, 0.81 Hareon, 0.70 ୮ SolarWorld, 1.46 Asia Source: "Q1 2016 Global PV Market Outlook" REC Silicon, -1.10 Americas Europe Yingli, -1.17 18

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