SUNGROW POWER SUPPLY CO., LTD. 2019 Copyright © SUNGROW.Confidential Contents 01 Company Profile 02 Research & Innovation 03 Product & Service 04 Market & Performance 05 Plan & Development 2 2019 Copyright © SUNGROW.Confidential Company Profile/Development Introduction Sungrow is focused on new energy equipment and system solutions of solar energy, wind energy, energy storage and electric vehicle etc. Established new mission “Clean power for all” and new vision “ To The efficiency be the global leader of clean of Sungrow energy conversion technology” inverters The First Prize of widely hit National Energy 99% 2017 Science and Company listed, Technology Progress 2015 Wu Bangguo, former China’s Well-known 2018 Chairman of the NPC Trademark Standing Committee, 2013 Sungrow Indian The First Prize of visited Sungrow 2016 factory put into Science and 2011 production. Technology Progress Chinese president Xi Township 2014 Jinping inspected Smart Sungrow’s annual of Anhui province 2009 revenue hit 10 billion Electrification National New Energy Power RMB Program 2012 Enterprise of Generation System of Company 2004 Observing Sungrow established National Contracts and 2002 2010 Enterprise Honoring Credit Shanghai World Expo, Technology 1997 2008 National Postdoctoral Center 2003 Bird’s Nest of Scientific Research Beijing Olympics Workstation 1998 The first grid- connected inverter Southern Xinjiang Railway 3 2019 Copyright © SUNGROW.Confidential Company Profile/Mission, Vision, Values Mission Clean power for all Vision To be the global leader of clean energy conversion technology Values Sincere & Pragmatic Precise & Open Customer Oriented 4 2019 Copyright © SUNGROW.Confidential 2019 Copyright © SUNGROW.Confidential Company Profile/Leadership Concerns Hanzheng, Member of the Standing Committee of Political Bureau Chinese president Xi Jinping inspected Smart New Energy Wu Bangguo, former Chairman of the NPC Standing Committee, of the CPC Central Committee and Vice Premier, visited Sungrow Power Generation System of Sungrow. visited Sungrow. President Cao Renxian. Guo Jinlong, former member of Political Bureau of the CPC Liu Yandong, former member of Political Bureau of the CPC Li Jinbin, Secretary of Anhui Provincial Party Committee, visited Central Committee, former Secretary of Anhui Provincial Party Central Committee and Vice Premier, inspected Smart New Sungrow. Energy Power Generation System of Sungrow. Committee, awarded to the Sungrow chairman Cao Renxian. 5 2019 Copyright © SUNGROW.Confidential Company Profile/Main Businesses PV Inverter New Energy Plant Integration Energy Storage Conversion and Energy Storage System Wind Energy Converter New Energy Automotive Driving System Floating Body, Floating Power Generation System Smart Operation and Maintenance 6 2019 Copyright © SUNGROW.Confidential Company Profile/Revenue The PV inverter shipments ranked No.1 globally for 4 consecutive years and No.1 nationally for 10 consecutive years. Monetary unit: RMB 7 2019 Copyright © SUNGROW.Confidential Company Profile/Personnel Structure The R&D staff account for over 35% of the total number of employees. Research Sales Manufacturing Management Sungrow paid great attention to selecting and cultivating innovative talents, and built long term cooperation with a number of research institutes, such as Hefei University of Technology, Zhejiang University and China Electric Power Institute, making efforts to supply healthy scientific and learning organization atmosphere for technical talents. 8 2019 Copyright © SUNGROW.Confidential Research & Innovation/Innovative Platform World-class scientific research equipment 3MW experimental PV plant 10M EMC chamber 3MW energy storage microgrid test platform Large, medium and small test chambers for various conditions 35kV 16MW high voltage laboratory 2MW full power motor dragging platform 9 2019 Copyright © SUNGROW.Confidential Research & Innovation/Innovative Pattern Leading pattern of IPD Product Strategy IPMT Product strategy Market Management Market info Formulate Modify/ Customer’s feedback Understand Market Portfolio market optimize market segment analysis segment Manage管理市 segmented场细分并评估绩效 market and evaluate performance competition info business strategies plans Technology trend and plans Product portfolio IPD Workflow Idea Plan Develop Verify Publish Life cycle management Dev Mfg Product Strategy Full Mkt Proc Svc Platform and Technology Development SW Fin Dev Mfg Full Mkt PDT - To start off with customer’s demands, to end up with products meeting customer’s demands Proc Svc SW Fin - Normative and scientific product development process to ensure product development efficiency and reliability TDT - Focus both on technology and product, constantly enhance technology accumulation and build up new core technological advantages 10 2019 Copyright © SUNGROW.Confidential Research & Innovation/Standard Formulation - Leading the technical trend and presided over the national standards formulation of PV industry - GB/T 30427-2013 Technical Requirements and Test Methods for Grid-connected PV Inverters - GB/T 25387.1-2010 Full-power Converter of Wind Turbine Generator Systems—Part 1:Technical Condition, GB/T 25387.2-2010 Full- power Converter of Wind Turbine Generator Systems—Part 2: Test Method - NB/T 32005-2013 Testing Code for Low Voltage Ride through of Photovoltaic Power Station, NB/T 32004-2018 Technical Specification of Grid-connected PV Inverter - … 11 2019 Copyright © SUNGROW.Confidential Research & Innovation/Patents Sungrow has applied for more than 1600 patents and obtained more than 1052 patents, 373 of which are for invention. 12 2019 Copyright © SUNGROW.Confidential Product & Service/Inverter and related equipment PV inverters, system solutions and smart operation and maintenance Central PV inverter String PV inverter Smart energy management platform PV modules DC combiner box/DC-DC Inverter Transformer Power grid 13 2019 Copyright © SUNGROW.Confidential Product & Service/PV plant solutions Mastered core inverter technology of PV systems, making PV plants more professional, more efficient and more intelligent. Utility PV plant Distributed PV plant Residential PV plant 14 2019 Copyright © SUNGROW.Confidential Product & Service/Wind energy converter Wind energy converter Wind power generation system 15 2019 Copyright © SUNGROW.Confidential Product & Service/Energy storage converter and related equipment Energy storage converters and system solutions Utility energy storage converter Commercial and industrial energy storage converter Residential energy storage converter Accumulator battery Energy storage converter Transformer Power grid 16 2019 Copyright © SUNGROW.Confidential Product & Service/Electric vehicle business New energy driving system is applicable to various new energy vehicles, such as passenger vehicles, buses and special vehicles, providing clean and reliable power for automobile. 17 2019 Copyright © SUNGROW.Confidential Product & Service/PV floating body and related equipment Floating body of water surface PV plant 18 2019 Copyright © SUNGROW.Confidential Product & Service/Sungrow smart operation and maintenance Shared operations, custodial operations, PV plant optimization, testing and evaluation Enjoy the high yield Improve equipment Steady increase in Stable earnings of availability power generation power generation 19 2019 Copyright © SUNGROW.Confidential Product & Service/Lean manufacturing 20 2019 Copyright © SUNGROW.Confidential Product & Service/Certification Corporate certification Product certification ISO 9001:2015 TÜV（ Europe） ISO 14001:2015 SGS（ Europe ） OHSAS 18001:2007 UL（ North America ） SA 8000:2014 CSA （ North America ） IATF 16949:2016 VDE（ Grid-connected in Germany） IECQ QC 080000:2012 CGC（ China） CQC（ China） CEPU（ Grid-connected in China ） 21 2019 Copyright © SUNGROW.Confidential Product & Service/Professional integrated service Pre-sales/under- After-sales service and sales service in-depth service Generation Installation Tour- Project Technical PV plant Training and Intelligent System online performance Cloud platform and inspection and Maintenance consulting support overhaul guidance service monitoring evaluation and service debugging upgrading optimization 22 2019 Copyright © SUNGROW.Confidential Product & Service/Market expanding - Sungrow has cumulatively installed 82GW+ of inverter equipment worldwide, ranking No.1 globally for 4 consecutive years and No.1 nationally for 10 consecutive years. - Sungrow positively expanded overseas markets and the products have been exported to more than 60 countries including Europe, the USA, and Southeast Asia. - Sungrow has a leading volume of exports. The products have been exported in bulk to high-end markets such as Germany, Japan. - The trademark of Sungrow has been registered in more than 160 countries in Europe, America, Asia and Africa. 5MW PV plant of Shanghai World Expo Power generation system of Olympic Bird’s Nest China’s first concession project (Dun Huang 10MW) 23 2019 Copyright © SUNGROW.Confidential Market & Performance/Application References Inverters applied to utility PV plants 300MW utility PV plant in Ningdong, Ningxia 5MW PV plant of the first stage of Front-runner in Datong, Shanxi 150MW string PV plant of Olympic Hospitality Gallery in Xuanhua 20MW energy storage PV plant in Xingyi, Guizhou 24 2019 Copyright © SUNGROW.Confidential Market & Performance/Application References Inverters applied overseas 75MW PV plant in Thailand 5MW PV plant in the USA 2.25MW commercial rooftop PV plant in the USA