Neo Solar Power Corporation

December 18, 2014

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NSP at A Glance
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l Founded: December, 2005 l Products: cells and modules
l 2014 Year-End Capacity:
Cell: > 2.20 GW
Module: > 480 MW
l Employees: 3,600

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l Headquarters: Hsinchu, Taiwan l Listed in Taiwan Stock Exchange l Market Cap US$1.14 Billion at the end of 2013

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l The world s largest merchant cell company

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< 2 > NSP Proprietary December 16, 2014

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Milestones
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l 2005.12: NSP founded

l 2006.12: Breakeven and 100% utilization achieved
l 2009.01: Listed on the Taiwan Stock Exchange
l 2010.10: Launched “ Super 17 ” (multi) & “ Perfect 18 ” (mono) cells
l 2011.09: Launched mono cell “ Black 19 ” at EU PVSEC
l 2012.09: Announced “ Super 18 ” and “ Black 19+ ”
l 2013.05: Merged with DelSolar
l 2013.10: Awarded “ Taiwan Excellent PV Product ” by the Bureau of Energy, Taiwan
l 2013.10: Launched “ Super19 ” , “ Black20 ” cells and “ BiFi ” bifacial module at PV Taiwan
l 2014.06: Launched “ Super ” (multi), “ Power ” (mono) module, and half-cut module “ PowerH ” at InterSolar EU 2014
l 2014.06: More than 5 GW of Cells and Modules shipped globally since 2005

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< 3 > NSP Proprietary December 16, 2014

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Core Competences
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Leading
Quality
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l Pioneer of combining semiconductor manufacturing discipline into our Taiwan-engineered quality solar solutions

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l Inter-disciplinary experts in semiconductors, electronic World-Class systems, silicon raw materials, solar cell processing and solar Technology energy system engineering l State-of-the-art facility, equipment and knowledge

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Prime
Customer
Services
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l To enhance customer satisfaction and service efficiency l To promote business relationship to partnership

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The Executives
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Dr. Quincy Lin Chairman

l 30+ years of experience in high tech management

l Senior Vice President of Taiwan Semiconductor Manufacturing Company (TSMC)

l Honorary Chair in Management at National Chiao-Tung University

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Dr. Sam Hong CEO

l 30+ years of experience in PV solar energy
l Research Division Director of PV Solar Energy Division at the Industrial Technology Research Institute (ITRI); VP & Plant Director of Sinonar Solar Cell
l Chairman of Taiwan Photovoltaic Industry Association (TPVIA)

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Mr. Andy Shen

President

l 30+ years of experience in semiconductor engineering, sales and marketing

l Senior Director, TSMC

l Managing Director, TSMC-Europe

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Strong Growth Momentum
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Revenue Growth
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2012 revenue declined despite 15.4% shipment growth due to ASP erosion

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Cell Capacity Overview
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Current Total Capacity: 2,200 MW

Year-end Capacity 2014: > 2,200 MW

China ： 400 MW

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China
FAB 6
Wujiang, Suzhou
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Taiwan ： 1,800 MW

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FAB 2 & HQ
Hsinchu Science Park
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FAB 5
Chunan Science Park
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FAB 3
Tainan Tech. Ind. Park
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Module Capacity Overview
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Current Total Capacity: 410 MW

Year-end Capacity 2014: > 480 MW

China ： 180 MW

Taiwan ： 230 MW

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China
FAB 52
Wujiang, Suzhou
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GES (NSP Subsidiary)
Hsinchu Ind. Park
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FAB 51
Hsinchu Science Park
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Strong R&D Capability
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l World leader in efficiency and yield

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l Advanced characterization based on years of experience in semiconductor device physics for optimized performance

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l Excellent manufacturability and reliability to shorten time to market l Customer oriented technology road map to support advanced products and partnership

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NSP Solar Product Pyramid
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NSP p-type mono cell efficiency challenges market n-type mono cell efficiency. (p-type multi challenges p-type mono)

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NSP Multi-crystalline Products
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l Super19: High efficiency multi cells l Average cell efficiency >18.9% l Max cell efficiency: 19.5% l Ideal for 275W (60cells) & 325W (72cells) panels

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NSP Mono-crystalline Products
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l Black20: High efficiency mono cells l Average cell efficiency >20.0% l Max cell efficiency: 20.5% l Ideal for 280W (60cells) & 335W (72cells) panels

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NSP N-type Bifacial Product
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l BiFi: n-type bifacial mono-crystalline cells l Zero cell LID (equivalent to 3% more output in life time) l Average cell efficiency (front side) >20.0% l Nominal Power equivalent power 330W (20% power gain from rear side at suitable installation) l Ideal for flat rooftops, vertical installations, BIPV, carport, snow or desert environments

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Proven Module Capability
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l Power tolerance of 0 to +4.99 W

providing a stable, high-energy system output

l High PV cell shunt resistance enabling increased power output in low light conditions
l Low temperature coefficients of power to produce high power output in all weather conditions
l High efficiency solar cells and state-of-the-art manufacturing technology to enhance cost efficiency per kWh
l High wind/snow load tolerant
l Ammonia-resistant according to IEC 62716

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NSP Module Features
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l Standard Offerings

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l Customized Offerings

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Your Best Solar Partner
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World ’ s top merchant solar cell manufacturer Strong R&D commitment with proven track record and technology leadership in quality Industry leading performance and reliability for our solar solutions

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Cost effective structure
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Experienced and wellStrong and diverse recognized management customer base team with strong industry background

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Largest BIPV in Taiwan
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l Taiwan National Stadium, 1MW PV System, EPC by Delta, Solar cell by NSP

l Architect: Toyo Ito

l The largest building-integrated PV system in Taiwan

l Annual CO 2 reduction: 660 MT

l Annual Power Generation: 1.1 M KWpH

< 18 > NSP Proprietary December 16, 2014

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Airport PV System by GES
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l USA Indianapolis Airport, 25 MW

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l On-grid ceremony Oct. 18, 2013 l PPA with Indianapolis Power and Light Company (IPL)

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< 19 > NSP Proprietary December 16, 2014

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Corporate Social Responsibility
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l Environmental Sustainability

l Voluntary Commitment: A Member of PV Cycle

l Recycling end-of-life solar modules through PV cycle

l Minimizing environmental impact of end-of-life products

l Carbon Footprint Verification

l Received the Reasonable Level of Assurance (the highest level for this certification)

l Waste Recycling

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PAS 2050[：] 2011

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PAS 2050[：] 2008

l Management initiated waste reduction and recycling

l Environmental Management System

l Assuring that environmental impact is being measured and improved

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ISO 14001[：] 2004

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Corporate Social Responsibility
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l Employee Well-being

l Safety and Health

l Adapting occupational health and safety management systems

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l Training for laboratory work safety improvements

OHSAS 18001 ： 2007

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l Training and Development

l Set up internal training programs and provide information on external training courses
l Established E-learning platform and has been encouraging and promoting training courses

TOSHMS

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l Workplace Wellness

l Practices of work-life balance
l Elimination of discrimination
l Promotion of physical and mental health

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Corporate Social Responsibility
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l Social Contribution

l Volunteer Programs

l Environmental Care Volunteers: Educating the public with knowledge on green energy, energy saving and environmental protection

l Social Care Volunteers: Caring for community, society and the environment

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< 22 > NSP Proprietary December 16, 2014

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Thank You
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