Neo Solar Power Corporation (“NSP”, or “the Company”, publicly listed on Taiwan Stock Exchange, Ticker: 3576 TT), a world-class leading integrated PV solution provider with expertise in high conversion efficiency products and global solar system development capabilities in Hsinchu, Taiwan, announced October 2016 revenue of NT$ 1,123 million, representing a MoM growth of 8.17%. Year-to-Date cumulative revenues reached NT$ 14,512 million as of October 2016.

Solar market has been recovered recently and market average selling price (ASP) has been increased following by the recovery demand. The utilization rate of NSP cell production line has gradually going up as well. The relocation of NSP China and NSP South East Asia production line has completed and currently under equipment installation process. It is expected that the installation to be gradually completed by the end of year and join NSP production line.