Hareon Signed Strategic Cooperation Agreement with Zheshang Bank

Hareon Solar signed comprehensive strategic cooperation agreement with Zheshang Bank Nanjing branch

Shanghai, August 27, 2016, Hareon Solar Technology Co., Ltd. announced the signing of a comprehensive strategic cooperation agreement with the Nanjing branch of China Zheshang Bank Co., Ltd. (hereinafter referred to as “Zheshang Bank”)

Under this agreement, Zheshang Bank will provide support to Hareon Solar and its subsidiaries in the form of a general credit limit, equivalent to RMB 2 Billion, in accordance with Hareon’s financial and operation requirements. The exact amount will be determined upon the actual approval by Zheshang Bank. The general credit includes, but is not limited to, financial services such as conventional financing, investment banking, co-branding, etc.

At the same time, Zheshang Bank will also provide financial consulting and advisory services to Hareon Solar.

This cooperation will expand Hareon’s financing channel by reducing costs, improving efficiencies, and providing support for the development of various company businesses. Hareon believes this agreement will have a positive effect towards promoting the company’s long term strategy.

About Hareon Solar Technology Co., Ltd

Hareon Solar, headquartered in Jiangyin, Jiangsu Province, China, was established in 2004. The company is listed on the Shanghai Stock Exchange with the ticker symbol: 600401. Hareon Solar is one of China's largest crystalline silicon solar cell and module manufacturers. The company has about 1,850 MW per year of solar cell manufacturing capacity and about 1,200 MW per year of solar module manufacturing capacity across five manufacturing bases in China. In addition, Hareon Solar has operations and subsidiaries in Australia, Germany, India, Japan, South Africa, and USA.

For more information, please visit: www.hareonsolar.com

Hareon Solar WeChat Public Number: hareonsolar

About Zheshang Bank Co., Ltd.

China Zheshang Bank Co., Ltd. is one of the 12 nationwide joint-stock commercial banks approved by the CBRC. (China Banking Regulatory Commission). It was founded in 1993 and is headquartered in Hangzhou, Zhejiang Province. Currently, Zheshang Bank has set up about 150 institutions in 12 provinces and cities throughout China. Zheshang Bank is ranked the 145th among the “Top 1000 World Banks 2015” by The Banker in terms of total assets and was granted the AAA corporate credit rating by CCXI (China Cheng Xin International Credit Rating Co., Ltd.) in 2015, which is the highest credit rating CCXI grants to financial institutions.

For more information, please visit: http://www.czbank.com/