Parties will closely cooperate across various fields of clean energy

HONG KONG, Oct. 29, 2015 /PRNewswire/ -- Shunfeng International Clean Energy Limited ("SFCE" or the "company", HK stock code: 1165) today announced the signing of a strategic cooperation agreement with Chongqing Road & Bridge Co., Ltd. ("Chongqing Road & Bridge", SSE Code: 600106). Both parties will cooperate closely in various fields of clean energy, working together across the entire PV industry value chain, raising the overall operational efficiency of both parties, and enhancing a win-win and sustainable strategic partnership.

According to the strategic cooperation agreement, both parties will jointly leverage capital, technology and management, and start cooperation on the development and transfer of PV power plant projects in accordance with the relevant regulations. At the same time, both parties will collaborate on future implementation of PV power plant projects of a certain scale.

"I am very excited for the strategic cooperation agreement with Chongqing Road & Bridge," says Eric Luo, SFCE CEO. "Against the backdrop of changes in global energy landscape, and in line with the national industrial policy in the new energy sector, SFCE is initiating a strategic transformation of the company's solar business to focus on the provision of comprehensive solutions for PV power plants. This will include investment, development, construction, O&M services, as well as ownership and transfer. This new strategic approach will enable sustainable robust growth for SFCE's long-term O&M services. We will continue to discuss with Chongqing Road & Bridge proactively to reach a win-win, formal cooperation agreement with them as soon as possible."

About SFCE

Shunfeng International Clean Energy Limited (SFCE) is committed to becoming the largest low-carbon, integrated, clean energy generation provider globally. Through strategic acquisitions and integration, SFCE owns a number of well-known product and technology brands in the industry. SFCE fosters a continuous improvement in energy generation including in solar, sea water power and ground source heat pumps, combined with energy management and storage capabilities. SFCE aims to provide clean energy solutions to large scale public facilities and commercial users such as business facilities, office buildings, schools, hospitals sports stadiums and households. SFCE's energy solutions can achieve energy cost reductions of 50% - 70%, creating energy generation choices for its customers to reduce both carbon emissions and energy costs. To learn more about the company, please visit www.sfcegroup.com/en/.

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http://www.sfcegroup.com/en/

SOURCE Shunfeng International Clean Energy Limited