NSP Announced 2015 December Revenue of NT$2,640 million Set New Annual High for 2015 and Recorded Second Highest Revenue Ever

Neo Solar Power Corporation (“NSP”, or “the Company”, publicly listed on Taiwan Stock Exchange, Ticker: 3576 TT), a world-class leading producer of high quality solar cells in Hsinchu, Taiwan, announced December 2015 revenue of NT$2,640 million representing a MoM growth of 34.55%. Not only set new annual high for 2015 but also the second highest ever recorded.

Current market demand is strong, and should stay strong onwards. The increase of NSP’s December revenue mainly resulted from increased shipment of solar module sale, and continuous orders of solar cells. Year-to-Date cumulative revenues reached NT$ 22,215 million for year 2015.

Lending banks and investors are extremely cautious on the quality of the components used in solar installations because during the life-cycle of solar module, one of the key risks for them are whether solar module can pass through stringent weather conditions and still keep the stable electricity output. Therefore, whether the project is bankable, so called “Bankability” is the key successful criterion for solar system project. NSP Module possesses outstanding conversion efficiency, high reliability and quality; not only receives “Taiwan Excellent PV Award 2015” from Taiwan’s Bureau of Energy and “Taiwan Excellence 2016”, but also recently adopted by our new customer in US with the recognition of bankability from renowned US banks. NSP Module shows great market competitiveness and future ales order for Module should continue to increase with growing market demand.

Following the robust market demand, the company is still running at full capacity. The order visibility is foreseen with increasing price. The future growth momentum is expected.