Shinsung Solar Energy

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Shinsung Solar Energy has started PV business, the key field of renewable energy since 2007, and it has 420MW solar cell annual capacity at Jeungpyeong and 200MW solar module annual capacity at Eumseong. Shinsung achieved 20.03% conversion efficiency rate for solar cell, and 19.7% efficiency rate in mass production in 2012. Currently, Shinsung is producing above 19% efficiency solar cells with pure Korean technology and successfully established solar cell module installation model, improving its own competitiveness in the global solar market. Under the objectives of preserving the environment and helping the advancement of solar energy business, Shinsung Solar Energy will continue to put our best efforts on research and development. History 1977 1991 1998 2005 2007 2008 2009 2010 2011 2012 2013 2014 Establishment of Shinsung Industry Awarded with Iron Tower Order of Industrial Service Merit Received 10 Million Dollars Exporting Award Awarded with Gold Tower Order of Industrial Service Merit Launching solar cell business Split of Shinsung into three independent companies - Shinsung Holdings, Shinsung ENG and Shinsung FA. Change listing and resume listing on the stock market. Opened Solar Energy Promotion Center Achieved ISO 9001, ISO 14001, IEC 61215, IEC 61730 Developed the world's first 19.6% in solar energy conversion efficiency of solar cell Received 30 Million Dollars Exporting Award Received Prime Minister Commendation Received the President Commendation in Outstanding Job Creating Company Changed the company name to Shinsung Solar Energy Expansion of solar cell line (total 350MW) Entered module industry (total 150MW) Established 'solar cell module installation' system Recieved the top Korean certification in 250W, 255W and 260W module efficiency Developed 20.03% conversion efficiency of solar cell Registered Program-CDM Business with the UN Received 0% in efficiency reduction ratio of PID test Improvement of production efficiency by improving production lines (Solar cells : 420MW / Modules : 200MW)

Possession of Research Center's own line for research To perform continuous R&D, Shinsung established a 3MW line only for its research center to focus on high efficiency product research and development. The research line is capable of performing mass production test and product development at the same time allowing the newest technologies to be applied immediately. Achievement of 20.03% conversion efficiency rate Through the continuous efforts focused on R&D, Shinsung successfully achieved conversion efficiency rate of 20.03% in 2012. In addition to the achievement, Shinsung added solar cell production line with Korean technology now fulfilling a mass production efficiency of 19%. The high efficiency achieved through optimized processing is the pride and competiveness of Shinsung Solar Energy. One-stop 'solar cellmoduleinstallation' service With its high efficieny rate, high quality and high output for solar cells and modules, Shinsung Solar Energy performs the perfect installation satisfying the various style and demand of customers. The one-stop service which Shinsung offers will provide customers with high satisfaction and joy with its affordable cost and high quality. High-efficiency, high-quality, high-power, high-yield solar system Shinsung Solar Energy, with its advanced technology, have received confirmation of 0% in efficiency reduction ratio of light induced degradation(lid) and 0.4% in potential induced degradation(pid) regarding solar modules, from a research conducted by Fraunhofer Institute in Germany. Domestic / International Certification Green Certified Brand by KOTRA, ISO 9001, ISO 14001, OHSAS 18001, IEC 61215, IEC 61730, etc. Shinsung Solar Energy _ #8, Daewangpangyo-ro 395, Seongnam-si bundang-gu, Gyeonggi-do, Korea (Zip code : 463-420) Korean. +82-31-788-9394 English. +82-31-788-9426 Japanese. +81-3-3539-6080 FAX : +82-31-788-9584 www.shinsung.co.kr solar@shinsung.co.kr

Mono Crystalline Solar Panels 260-270 W / 60 Cells / 3 Bus Bar High Efficiency, High Performance, Customer Satisfaction Shinsung Solar Energy satisfies various needs of the customers based on the production of the world s best high efficiency solar modules and by pursuing a product specialization strategy. The company has the most diverse product lines in the industry, and plans to focus on the development of diverse and highly specialized products. High quality, high power Cell efficiency above 19% Module efficiency of 16.55% Guarantee products for 10 years Guarantee efficiency for 25 years -40~+85 C in any environment to ensure high power output Received 0% in efficiency reduction ratio of the test Passed the mechanical load test of 550kgf/m 2 (5400Pa) according to IEC 61215 Product liability Financial injury

Mono Crystalline Solar Panels 260-270 W / 60 Cells / 3 Bus Bar Copy Right April 2015 Shinsung Solar Energy Caution : All right reserved. Information may be changed without prior notice. Dimension [ unit : mm ] [ Front ] [ Side ] [ Rear ] Item SS-BM260 SS-BM265 SS-BM270 Peak Power(Wp) Open Circuit Voltage(V) Short Circuit Current(A) Voltage at Pmax(V) Current at Pmax(A) Efficiency(%) Dimension(mm) Weight(Kg) All data is tested under STC(Standard Test Conditions). Above data may be changed without prior notice. Peak power tolerance 0~+3.0% Please inquire of us about correct data by each Certificate Holder. Mechanical Characteristics Solar Cells Front Glass Junction Box Output Cable Frame 60 Cells (156x156mm) Low Iron Tempered Glass IP 67, 3 Bypass Diode 4 Cable, MC 4 (Compatible) Type AL Alloy Type (Anodized) 260 265 270 38.0 38.1 38.2 9.01 9.16 9.29 30.2 30.3 30.4 8.61 8.75 8.89 15.94 16.24 16.55 992 x 1,644 x 35 18 Loading Quantity (unit : pcs) 60 Cells 72 Cells Domestic 2.5-ton 90 50 5-ton 210 150 5-ton+ 240 175 11-ton 300 225 Export 20ft 276 230 40ft 756(Dry) 624(Dry) 812(H/Q) 672(H/Q) Temperature Coefficient (Cell) NOCT ISC VOC Pmax 46.7 0.07K -0.36K -0.38K Tested Operation Conditions Max Load Impact Resistance Operating Temperature 550 (5400Pa) 25mm, 23m/s -40 +85 I-V Curve Safety Ratings & Warranties Fire Safety Classification Salt-mist Corrosion Test Visible Light Reflected Certifications Class "C" Tested 4.20%~4.30% For more information, please contact us. 10 Years limited Product 10 Years limited Power : 90% 25 Years limited Power : 80% UL 1703, CEC, IEC 61215 Safety Tested IEC 61730 www.shinsung.co.kr solar@shinsung.co.kr Fax. +82-31-788-9584 Korean. +82-31-788-9394 English. +82-31-788-9426 Japanese. +81-3-3539-6080

Mono Crystalline Solar Panels 310-325 W / 72 Cells / 3 Bus Bar High Efficiency, High Performance, Customer Satisfaction Shinsung Solar Energy satisfies various needs of the customers based on the production of the world s best high efficiency solar modules and by pursuing a product specialization strategy. The company has the most diverse product lines in the industry, and plans to focus on the development of diverse and highly specialized products. High quality, high power Cell efficiency above 19% Module efficiency of 17.02% Guarantee products for 10 years Guarantee efficiency for 25 years -40~+85 C in any environment to ensure high power output Received 0% in efficiency reduction ratio of the test Passed the mechanical load test of 550kgf/m 2 (5400Pa) according to IEC 61215 Product liability Financial injury

Mono Crystalline Solar Panels 310-325 W / 72 Cells / 3 Bus Bar Copy Right April 2015 Shinsung Solar Energy Caution : All right reserved. Information may be changed without prior notice. Dimension [ unit : mm ] [ Front ] [ Side ] [ Rear ] Item SS-DM310 SS-DM315 SS-DM320 SS-DM325 Peak Power(Wp) 310 315 320 325 Open Circuit Voltage(V) 45.7 45.8 45.9 46.0 Short Circuit Current(A) 8.92 9.05 9.17 9.29 Voltage at Pmax(V) 36.6 36.7 36.8 36.9 Current at Pmax(A) 8.47 8.59 8.70 8.81 Efficiency(%) 16.23 16.50 16.76 17.02 Dimension(mm) Weight(Kg) 982 x 1,944 x 40 22 All data is tested under STC(Standard Test Conditions). Above data may be changed without prior notice. Peak power tolerance 0~+3.0% Please inquire of us about correct data by each Certificate Holder. Mechanical Characteristics Solar Cells Front Glass Junction Box Output Cable Frame 72 Cells (156x156mm) Low Iron Tempered Glass IP 67, 3 Bypass Diode 4 Cable, MC 4 (Compatible) Type AL Alloy Type (Anodized) Loading Quantity (unit : pcs) 60 Cells 72 Cells Domestic 2.5-ton 90 50 5-ton 210 150 5-ton+ 240 175 11-ton 300 225 Export 20ft 276 230 40ft 756(Dry) 624(Dry) 812(H/Q) 672(H/Q) Temperature Coefficient (Cell) NOCT ISC VOC Pmax 45.4 0.07K -0.36K -0.38K Tested Operation Conditions Max Load Impact Resistance Operating Temperature 550 (5400Pa) 25mm, 23m/s -40 +85 I-V Curve Safety Ratings & Warranties Fire Safety Classification Salt-mist Corrosion Test Visible Light Reflected Certifications Class "C" Tested 4.20%~4.30% For more information, please contact us. 10 Years limited Product 10 Years limited Power : 90% 25 Years limited Power : 80% UL 1703, CEC, IEC 61215 Safety Tested IEC 61730 www.shinsung.co.kr solar@shinsung.co.kr Fax. +82-31-788-9584 Korean. +82-31-788-9394 English. +82-31-788-9426 Japanese. +81-3-3539-6080

Multi Crystalline Solar Panels 250-260W / 60 Cells / 3 Bus Bar High Efficiency, High Performance, Customer Satisfaction Shinsung Solar Energy satisfies various needs of the customers based on the production of the world s best high efficiency solar modules and by pursuing a product specialization strategy. The company has the most diverse product lines in the industry, and plans to focus on the development of diverse and highly specialized products. High quality, high power Cell efficiency above 17.5% Module efficiency of 15.94% Guarantee products for 10 years Guarantee efficiency for 25 years -40~+85 C in any environment to ensure high power output Passed the mechanical load test of 550kgf/m 2 (5400Pa) according to IEC 61215 Product liability Financial injury

Multi Crystalline Solar Panels 250-260W / 60 Cells / 3 Bus Bar Copy Right April 2015 Shinsung Solar Energy Caution : All right reserved. Information may be changed without prior notice. Dimension [ unit : mm ] [ Front ] [ Side ] [ Rear ] Item SS-BP250 SS-BP255 SS-BP260 Peak Power(Wp) 250 255 260 Open Circuit Voltage(V) 37.7 37.8 37.9 Short Circuit Current(A) 8.73 8.89 9.05 Voltage at Pmax(V) 30.2 30.3 30.4 Current at Pmax(A) 8.28 8.42 8.56 Efficiency(%) 15.32 15.63 15.94 Dimension(mm) Weight(Kg) 992 x 1,644 x 35 18 All data is tested under STC(Standard Test Conditions). Above data may be changed without prior notice. Peak power tolerance 0~+3.0% Please inquire of us about correct data by each Certificate Holder. Mechanical Characteristics Solar Cells Front Glass Junction Box Output Cable Frame 60 Cells (156x156mm) Low Iron Tempered Glass IP 67, 3 Bypass Diode 4 Cable, MC 4 (Compatible) Type AL Alloy Type (Anodized) Loading Quantity (unit : pcs) 60 Cells 72 Cells Domestic 2.5-ton 90 50 5-ton 210 150 5-ton+ 240 175 11-ton 300 225 Export 20ft 276 230 40ft 756(Dry) 624(Dry) 812(H/Q) 672(H/Q) Temperature Coefficient (Cell) NOCT ISC VOC Pmax 46.8 0.049K -0.333K -0.42K Tested Operation Conditions Max Load Impact Resistance Operating Temperature 550 (5400Pa) 25mm, 23m/s -40 +85 I-V Curve Safety Ratings & Warranties Fire Safety Classification Salt-mist Corrosion Test Visible Light Reflected Certifications Class "C" Tested 4.20%~4.30% For more information, please contact us. 10 Years limited Product 10 Years limited Power : 90% 25 Years limited Power : 80% UL 1703, CEC, IEC 61215 Safety Tested IEC 61730 www.shinsung.co.kr solar@shinsung.co.kr Fax. +82-31-788-9584 Korean. +82-31-788-9394 English. +82-31-788-9426 Japanese. +81-3-3539-6080

Multi Crystalline Solar Panels 300-310W / 72 Cells / 3 Bus Bar High Efficiency, High Performance, Customer Satisfaction Shinsung Solar Energy satisfies various needs of the customers based on the production of the world s best high efficiency solar modules and by pursuing a product specialization strategy. The company has the most diverse product lines in the industry, and plans to focus on the development of diverse and highly specialized products. High quality, high power Cell efficiency above 17.5% Module efficiency of 16.23% Guarantee products for 10 years Guarantee efficiency for 25 years -40~+85 C in any environment to ensure high power output Passed the mechanical load test of 550kgf/m 2 (5400Pa) according to IEC 61215 Product liability Financial injury

Multi Crystalline Solar Panels 300-310W / 72 Cells / 3 Bus Bar Copy Right April 2015 Shinsung Solar Energy Caution : All right reserved. Information may be changed without prior notice. Dimension [ unit : mm ] [ Front ] [ Side ] [ Rear ] Item SS-DP300 SS-DP305 SS-DP310 Peak Power(Wp) 300 305 310 Open Circuit Voltage(V) 45.1 45.2 45.3 Short Circuit Current(A) 8.75 8.87 8.99 Voltage at Pmax(V) 36.3 36.4 36.5 Current at Pmax(A) 8.27 8.39 8.51 Efficiency(%) 15.71 15.97 16.23 Dimension(mm) Weight(Kg) 982 x 1,944 x 40 22 All data is tested under STC(Standard Test Conditions). Above data may be changed without prior notice. Peak power tolerance 0~+3.0% Please inquire of us about correct data by each Certificate Holder. Mechanical Characteristics Solar Cells Front Glass Junction Box Output Cable Frame 72 Cells (156x156mm) Low Iron Tempered Glass IP 67, 3 Bypass Diode 4 Cable, MC 4 (Compatible) Type AL Alloy Type (Anodized) Loading Quantity (unit : pcs) 60 Cells 72 Cells Domestic 2.5-ton 90 50 5-ton 210 150 5-ton+ 240 175 11-ton 300 225 Export 20ft 276 230 40ft 756(Dry) 624(Dry) 812(H/Q) 672(H/Q) Temperature Coefficient (Cell) NOCT ISC VOC Pmax 47.9 0.049K -0.333K -0.42K Tested Operation Conditions Max Load Impact Resistance Operating Temperature 550 (5400Pa) 25mm, 23m/s -40 +85 I-V Curve Safety Ratings & Warranties Fire Safety Classification Salt-mist Corrosion Test Visible Light Reflected Certifications Class "C" Tested 4.20%~4.30% For more information, please contact us. 10 Years limited Product 10 Years limited Power : 90% 25 Years limited Power : 80% UL 1703, CEC, IEC 61215 Safety Tested IEC 61730 www.shinsung.co.kr solar@shinsung.co.kr Fax. +82-31-788-9584 Korean. +82-31-788-9394 English. +82-31-788-9426 Japanese. +81-3-3539-6080