(Hong Kong, 24 July 2014) — Xinyi Solar Holdings Limited (“Xinyi Solar” or the “Group;” stock code: 968), the largest ultra-clear photovoltaic (“PV”) raw glass manufacturer in China, was pleased to announce that on 23 July 2014 a trial-run has commenced at its fourth PV raw glass production line with a daily melting capacity of 900 tonnes in Wuhu.

In response to the rapid PV industry development and aiming to further improve economies of scale, the Group has accelerated the construction of two PV raw glass production lines at the Wuhu production complex in Anhui Province, China. Each of these lines has a daily melting capacity of 900 tonnes. Apart from this fourth production line, the Group will also commence commercial production at its fifth production line in the fourth quarter this year. According to the Group’s current expansion plan, its total daily melting capacity will increase from 2,000 tonnes at present to 3,800 tonnes by the end of 2014.

Mr. LEE Yin Yee, Chairman of Xinyi Solar, said, “The Group believes now is the appropriate time to expand production capacity for solar glass due to the improvement in supply and demand balance and the significant increase in the price. The expansion aims to further reinforce Xinyi Solar’s leading position in the solar glass industry, boost the Group’s overall competitiveness and lay a solid foundation for its business development over the long term. We are confident that the Group can achieve promising business growth in the future, driven by the rising market demand and supportive government policies for the solar power industry.”

About Xinyi Solar Holdings Limited

Xinyi Solar Holdings Limited is engaged in the production and sales of solar glass products including ultra-clear PV raw glass, ultra-clear PV processed glass and other glass such as back glass. As of the end of June 2013, Xinyi Solar is the largest ultra-clear PV raw glass manufacturer in China based on market share (source: China Architectural and Industrial Glass Association). Xinyi Solar has production bases in Wuhu and Tianjin. With excellent product quality, it supplies solar glass products to more than 100 customers around the world. The Group is a constituent of the Hang Seng Global Composite Index, Hang Seng Composite Index, Hang Seng Composite Industry Index – Industrials, Hang Seng Composite SmallCap Index. Its single largest shareholder is Xinyi Glass Holdings (stock code: 00868), which holds 31.4% of the number of the Group’s shares in issue. For details, please visit www.caitomax.com.