Introduction of Sany Electric Co., Ltd.

Sany Electric Co., Ltd. is a wholly-owned subsidiary of Sany Group. It was established in Shanghai in April 2008 and moved to Sany Beijing Industrial Park in September of the same year. At present, Sany Electric has invested nearly 2 billion yuan in the field of wind power. Sany Electric aims to build the most complete fan industry chain in China and lead the development of this industry. Sany Electric has more than 600 R&D personnel, including 244 with master's degree or above and 377 with bachelor's degree, accounting for 39% of the total employees. Sany Electric has applied for 3 patents11,of which 3 patents1have been authorized.