About DETAI NEWENERGY Company

Detai New Energy Group Co., Ltd. (“Detai”, Hong Kong Stock Exchange: No. 559) is a leading operator of premium alcoholic beverages in China, directly supplying customers with premium liquors, spirits and red wines from various well-known wineries and wineries. At the same time, Detai also has two other business categories: R&D, manufacturing and trading of electric bicycles; investment in listed securities. In November 2012, Detai obtained the permanent exclusive distribution rights for the Wuliangye Brewery Series, a top collectible liquor brand created by Wuliangye Co., Ltd. According to the World Brand Laboratory's 2012 “Top 500 Chinese Brand Values” list, Wuliangye ranked 19th. In addition, Detai also expanded the range of products this year, introducing a variety of domestic and foreign products to meet the needs of different consumer groups, including Hennessy cognac, Johnnie Walker whiskey, and red wine, white wine, and champagne from France, Argentina, the United States, etc. In 2015, Detai acquired 85% of the shares of Detai Huixin Holdings Co., Ltd. and its subsidiary (“Detai Huixin Group”). The group is mainly engaged in R&D, manufacturing and trading of electric bicycles. Detai Huixin Group currently has a portfolio of solar electric bike models to meet the needs of different users and the increasingly urgent needs. In recent years, the world has paid great attention to the issue of energy saving and emission reduction. The Chinese government introduced a number of incentive policies to support the development of the new energy industry. By successfully acquiring the electric bicycle business in May 2015, the Group seized the opportunity to enter the clean energy industry. Solar-powered electric bicycles are one of the main products in the newly acquired electric bicycle business. The Group will accelerate the promotion of solar electric bicycles in the domestic market, improve their quality and increase product models. It is anticipated that the Group's development in the clean energy industry and related businesses will advance by leaps and bounds.