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, today announced June revenue of NT$1,807 million with a MoM rate of 11.28%. The June revenue also reaches an annual high record for NSP’s monthly revenue this year.

The increase of NSP’s June revenue resulted from the high utilization rate, the slightly increased Average Selling Price (“ASP”) and the improvement of product mix.

The global solar demand has been forecasted by some research institutions to reach 51 to 53GW in 2015 and over 12GW has been installed in 2015Q1. It can be expected that the annual target would be able to be achieved due to the recovery of demand in 2015H2. In the future, NSP will continuously devote to technology research to develop new products with higher efficiency and lower cost. In addition, NSP will operate based on the strategies toward solar system business expansion to provide a steady profit source and increase sales pipelines for NSP’s solar cells and modules to maintain growth momentum.