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Dear Shareholders,
 
IIn 2018, faced with the complicated external environment, the Board of Directors, faithfully adhered to the goal of maximizing the shareholders’ interest, led the management and all the staff to adapt to the evolving situation, actively grasp arising opportunities and constantly overcome emerging challenges. The operating results of the Company reached another record high, its market image and influence were further improved and a solid progress has been made towards realizing the goal of establishing a world-class new energy enterprise with global competitiveness.
 
At the moment, the Company is facing both challenges and opportunities simultaneously, while opportunities outweighed challenges. On the one hand, taking concerted action to accelerate the development of non-fossil energy, especially new energy such as wind and photovoltaic power has already become the global consensus. The State has been vigorously implementing the new strategy of energy security, “four revolutions and one cooperation”, to construct a clean, low carbon, safe and efficient energy system, which provides a wider leeway for the development of China’s new energy industry. On the other hand, with the acceleration of grid parity and the continuous expansion of the market trading scale at the end of the 13th Five-Year Plan, the trend of “volume up, price down” will continue, which puts forward higher requirements for China’s new energy industry to achieve high-quality development.

In 2019, the Board of Directors will continuously adhere to the “economic efficiency centric” principle, closely follow industry policies and market trend and make further improvement in six aspects including green development, operational excellence, technological innovation, international outreach, safety and environmental protection and corporate governance. The Board of Directors will pre-emptively seize the time gap prior to grid parity, unswervingly promote the Company’s high-quality development in light of three guidelines of “base form, large scale and high technology”, thus standing out from the competition, wining in the market, building a bright future and creating stable return growth for its shareholders.

Finally, on behalf of the Board of Directors, I would like to extend my sincere gratitude to all shareholders, investors, the public and our friends for their long held trust and support!
                                                                                                                                                                                LIN Gang
Chairman

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