On the afternoon of June 9, the signing ceremony of the capital increase for PowerChina Renewable Energy Co., Ltd. (hereinafter referred to as " PowerChina Renewable Energy") was successfully held at the China Beijing Equity Exchange. Gao Ling, Secretary of the Party Committee and Chairman of Windey, signed the capital increase agreement on the spot. Yang Zhenyu, deputy secretary of the Party Committee and general manager of Zhejiang Machinery and Electrical Group, and Yang Fan, member of the Party Committee and deputy general manager of Windey, attended the ceremony.

Concerning business, Windey and PowerChina Renewable Energy has maintained natural industrial cooperation. Investing 500 million yuan to become the strategic investor of PowerChina Renewable Energy, caters to the requirements of Windey's main business and development strategy. Windey's strategic investment in PowerChina Renewable Energy, will take equity as a link and promote the in-depth cooperation in aspects of wind turbine, resource development, wind power smart services, energy storage business and others, complement each other's advantages, and achieve mutual benefit and win-win results, and jointly promote development towards high quality.

Ding Yanzhang, Secretary of the Party Committee and Chairman of PowerChina Group, Zhu Ge, Secretary of the Party Committee and Chairman of China Beijing Equity Exchange, and Zhang Wenwu, member of the Party Committee and Vice President of Industrial and Commercial Bank of China, serving as a representative of strategic investors, attended the ceremony and delivered a speech. The head of relevant departments and subsidiaries of PowerChina, representatives of 10 strategic investors, and a dozen of social media attended the ceremony.