About RUIFENG RENEW Company

China Ruifeng Renewable Energy Holdings Co., Ltd. (the “Company”), along with its subsidiaries (collectively referred to as the “Group”), is a new energy enterprise that mainly operates wind power, and is mainly engaged in the wind power generation business. The Group is also seeking development opportunities in the field of new energy, striving for mutual promotion between businesses, optimizing the Group's industrial structure, and thereby consolidating the foundation for the comprehensive development of Ruifeng New Energy's wind power operation business. Since 2013, the Group has gradually acquired additional ownership interests in Hebei Hongsong New Energy Investment Co., Ltd. (“Hongsong New Energy”, the second largest shareholder of Hebei Hongsong Wind Power Co., Ltd. (“Hongsong”). Currently, the indirect control of Hongsong is 86.55%. Red Pine has an installed capacity of 398.4 megawatts, and its maximum installed capacity can reach 596.4 megawatts. In addition to Hongsong Wind Farm, Baotou Yinfeng Huili New Energy Investment Co., Ltd. (“Baotou Yinfeng”), a subsidiary of the Group, is mainly engaged in developing wind farms located in the Inner Mongolia Autonomous Region that produce renewable energy. The Baotou Yinfeng Wind Farm began development in mid-2016, and the installed capacity of the first phase of the wind farm (“Phase I Project”) is expected to reach 49.8 megawatts. The first phase of the project is still under construction and is expected to be completed within the next few years. The future will bring benefits to the Group's wind farm business.