China Technology Solar Power Hldgs : Announcements and Notices - VOLUNTARY ANNOUNCEMENT STRATEGIC COOPERATION AGREEMENT IN RELATION TO NEW ENERGY POWER STATION PROJECT (77KB, PDF)

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CHINA TECHNOLOGY SOLAR POWER HOLDINGS LIMITED 中科光電控股有限公司*

(incorporated in the Cayman Islands with limited liability)

(Stock code: 8111)

VOLUNTARY ANNOUNCEMENT

STRATEGIC COOPERATION AGREEMENT IN RELATION TO

NEW ENERGY POWER STATION PROJECT

This is a voluntary announcement made by China Technology Solar Power Holdings Limited (the "Company", together with its subsidiaries, the "Group").

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that Shaanxi Baike New Energy Technology Development Co., Ltd.* (陝西百科新能源科技發展有限公 司) ("Shaanxi Baike"), an indirect wholly-owned subsidiary of the Company, has entered into a strategic cooperation agreement ("Cooperation Agreement") with China Construction New Energy Technology Co., Ltd.* (國建新能科技股份有限公司) ("China Construction") in relation to certain new energy power station projects, so as to establish a long-term strategic partnership in the field of new energy (photovoltaic and wind power) power generation. To the best of the Directors' knowledge, information and belief, having made all reasonable enquires, China Construction and its ultimate beneficial owners are third parities independent of the Company and its connected persons (as defined in the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules")).

The new energy power station projects include Zhong He Xin Cheng Rooftop Distributed Photovoltaic Power Generation Project in Henan ("Zhong He Xin Cheng Project") and Laiyuan Wind Power Station Project in Hebei ("Laiyuan Project"). Among them, Shaanxi Baike has entered into a formal subcontractor agreement with China Construction in relation to the Zhong He Xin Cheng Project at a contract price of RMB74.62 million. The Zhong He Xin Cheng Project has an expected capacity of 14MW and is expected to have its grid-connection completed in September 2018. In addition, subject to the terms and conditions of the Cooperation Agreement, China Construction has agreed to engage Shaanxi Baike for the provision of contractor services for the Laiyuan Project. The expected capacity of the Laiyuan Project is 100MW and the initial design is

* For identification purpose only

expected to be completed in May 2018. Shaanxi Baike and China Construction would then determine the terms and conditions of the formal agreement of the Laiyuan Project based on the initial design. It is expected that the grid-connection of the Laiyuan Project will be completed in December 2019.

The Cooperation Agreement serves as a framework agreement for the strategic cooperation between the parties. Specific terms of the new energy power station projects are subject to further negotiation, determination and signing of formal agreement between China Construction and Shaanxi Baike. The

Company will make further announcement under the GEM Listing Rules when necessary.

The Group has been seeking business and investment opportunities. The Board believes that the entering into of the Cooperation Agreement will contribute to the business development of the Group, and in the interests of the Company and its shareholders as a whole.

On behalf of the Board

China Technology Solar Power Holdings Limited

Chiu Tung Ping

Chairman and Executive Director

Hong Kong, 20 April 2018

As at the date of this announcement, the Board comprises the following Directors:

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website atwww.hkgem.comfor at least seven days from the date of its publication and on the Company's website atwww.chinatechsolar.com.