(25May 2012, Hong Kong) The Suzhou Branch of China Everbright Bank Co., Ltd (“China Everbright Bank“) signed a strategic cooperative agreement (“Agreement”) in Suzhou with Golden Concord Holdings Limited (“GCL Group”). Zhang Huayu, Deputy Governor of the Head Office of China Everbright Bank, Mr. Li Liang, Governor of Suzhou Branch,Mr. Zhu Gongshan, Chairman of GCL Group,Mr.Tang Cheng, President, and other relevant leaders attended the signing ceremony.
Pursuant to the Agreement, Suzhou Branch of China Everbright Bank will provide GCL Group and its subsidiary, GCL-Poly Energy Holdings Limited (“GCL-Poly”, “the Group”, stock code: 3800.HK), with a credit facility of RMB 5 billion, which will be used mainly to support the sustainable and high efficiency development of GCL-Poly. Based on the principle of “long-term cooperation, alliance with strong players, mutual benefits and seeking joint development”, Suzhou Branch of China Everbright Bank and GCL Group will further deepen and enhance the strategic cooperation between both parties, support the implementation of mutual strategic focus and business development, and establish a long-term strategic cooperative relationship.
Mr. ZhuGongshan, Chairman of GCL Group, said: “GCL Group and China Everbright Bank have more than 10 years of friendlycooperation foundation. This RMB 5 billion credit facility from China Everbright Bank to GCL Group fully demonstratestheir strong support and full confidence in the green energy business development of GCL Group. Based on this foundation, both parties will continue to expand their new business development and room for cooperation, further deepen and strengthen their long-term strategic partnership relationship, better promote the implementation of mutual strategic focus, and achieve mutual benefits and joint development.”
About Golden Concord Holdings Limited:
Golden Concord Holdings Limited is a world class developer and operator of green and new energy, and supplier of product and technology. Its business coverage includes many areas such as green energy, photovoltaic industry, optoelectronics technology, energy storage technology, mineral resources, energy and logistics as well as green living. GCL-Poly Energy Holdings Limited (“GCL-Poly”, “the Group”, stock code: 3800.HK), a subsidiary of GCL Group, was listed on the Main Board of the Hong Kong Stock Exchange in November 2007. GCL-Poly is the world’s leading polysilicon manufacturer and a top investor and operator of green energy in China. While headquarters is in Hong Kong, the investing entities and subsidiaries are established in regions such as Jiangsu, Zhejiang, Beijing, Guangdong, Fujian, Henan, Inner Mongolia, Taiwan, the United States, Canada, Singapore, Germany, Vietnam, Indonesia and South Africa, etc.
About GCL-Poly Energy Holdings Limited (stock code: 3800.HK):
GCL-Poly Energy Holdings Limited is the world’s leading polysilicon and wafer supplier as well as a top green energy investor and operator. The product quality of the Group’s polysilicon has reached electronic grade level since 2010. The Group ramped up its annual polysilicon production capacity to 65,000 MT at the end of 2011 and its wafer production capacity reached 8 GW at the end of 2011 which is one of the largest solar companies globally. Moreover, for the solar system integration business, the Group is devoting all its efforts to providing solar farm investors with a one-stop solar system solutionfrom project development, engineering, procurement, construction, financing to operation and management.
pic:China Everbright Bank signed a strategic cooperative agreement in Suzhou with GCL Group
pic:Zhang Huayu, Deputy Governor of the Head Office of China Everbright Bank making a speech
pic:Mr. ZhuGongshan, Chairman of GCL Group making a speech
pic:Both sides for a photo