(Hong Kong, 18 February 2022) - Xinyi Solar Holdings Limited ("Xinyi Solar" or the "Group") (Stock Code: 00968), the world’s largest solar glass manufacturer, has been listed on the 2022 Carbon Clean 200? list (the “List”). The List, jointly released by the US non-profit organisation promoting environmental and socially responsible investment As You Sow and renowned Canadian media and investment research company Corporate Knights, comprises 200 publicly traded companies worldwide that are leading the way to a clean energy future. The inclusion is proof of Xinyi Solar gaining international recognition for its efforts in promoting clean energy.

The “Carbon Clean 200?” statistics rest mainly on the latest data in Corporate Knights’ Clean Revenue database. The selected companies are ranked according to their green revenues (in USD) earned from clean economy themes, including energy efficiency, green energy, electric vehicles, in the latest fiscal year. In 2022, 16 mainland Chinese companies, from mainly the photovoltaic, wind power, new energy vehicle and power industries, made the list. Companies from other parts of the world in the List included Apple, Alphabet, Intel and TSMC.

Firmly upholding its “green and sustainable development” business philosophy, Xinyi Solar is committed to promoting green energy use and development. The Group’s solar glass supply can meet about a third of the global module demand. Based on the estimated global PV additions in 2020, the green electricity generated from those modules annually could help reduce 48 million tonnes of CO₂ emission a year. The Group is an award-winning company in sustainable development. In 2021, it was included in the FTSE4Good Index by FTSE Russell, a global index agency owned by the London Stock Exchange, and is currently a constituent of the FTSE4Good Emerging Index. The Group also ranked 42^nd on Corporate Knights’ “2022 Global 100” list, which was announced in January this year, the highest among mainland Chinese companies.

Dr Lee Yin Yee, B.B.S., Chairman of Xinyi Solar, said, “The Group is dedicated to fulfilling the corporate mission of ‘leading green new energy’ and is honoured to make the ‘Carbon Clean 200’ side-by-side with that many global industry giants. This tells us that our efforts in promoting development of clean energy over the years are well-recognised. In recent years, authorities worldwide have been active in their green economy advocacy, and as a PV industry leader, we will continue to do our utmost best to contribute to global decarbonisation.”

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About Xinyi Solar Holdings Limited (stock code: 00968)

Xinyi Solar Holdings Limited is engaged in the production and sales of solar glass products, including ultra-clear patterned solar glass (raw glass and tempered glass), AR coating solar glass and back glass. Xinyi Solar has production complexes in China (Wuhu, Tianjin and Beihai) and Malaysia. In addition, the Group has invested in solar farm projects across different locations in China, including Anhui, Hubei, Guangxi, Tianjin, Guangdong, Henan and Hebei, etc. The Group is a constituent of the MSCI All Country World Index, MSCI China Index, Hang Seng Index, Hang Seng Composite Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng ESG 50 Index, Hang Seng Corporate Sustainability Benchmark Index and FTSE4Good Emerging Index. Its single largest shareholder is Xinyi Glass Holdings Limited (stock code: 00868), which holds 23.24% of Xinyi Solar’s shares in issue.

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