AMTD’s Vice Chairman and President Special Assistant visit TBEA and attend Xinte Energy’s annual general meeting

On June 16th 2016, Mr. Marcellus Wong, Vice Chairman of AMTD Group Co., Ltd. (“AMTD”) and Independent Non-executive Director of Xinte Energy along with Mr. Wang Fan, President Special Assistant of AMTD were invited to Xinjiang to join this meeting and visit Mr. Zhang Xin, Chairman of the Board of TEBA, Mr. Zhang Jianxin, Chairman of the Board of Xinte Energy, and Ms. Guo Junxiang, Director and Secretary of Board of TEBA and Non-executive Director of Xinte Energy. Both parties enjoyed the in-depth discussion on topics of future cooperation.

Mr. Zhang Jianxin, Chairman of the Board of Xinte Energy hosted the meeting. Mr. Zhang Xin, Chairman of the Board of TEBA and Non-executive Director of Xinte Energy, Ms. Guo Junxiang, Director and Secretary of Board of TEBA and Non-executive Director of Xinte Energy, and Mr. Wang Jian, Non-executive Director of Xinte Energy, Executive Deputy CEO of CMIG New Energy Co., Ltd (“CM New Energy”), Mr. Marcellus Wong, Vice Chairman of AMTD Group Co., Ltd. (“AMTD”) and Independent Non-executive Director of Xinte Energy along with Mr. Wang Fan, President Special Assistant of AMTD attended this meeting.

Mr. Zhang Xin, Chairman of the Board of TEBA and Mr. Zhang Jianxin, Chairman of the Board of Xinte Energy, said TBEA (SH-600089) is China’s largest energy equipment manufacturer and a global leader in the power transmission and distribution sector, ranking first in China and among top three in the world. Xinte Energy, the subsidiary of TEBA in the new energy sector, is a leader in China’s new energy industry, pioneer of the “One Belt One Road” strategy and the leading integrated service provider of photovoltaics. As the largest contractor of photovoltaic projects in China and a leading manufacturer of polysilicon, Xinte Energy has been able to capture business opportunities of the photovoltaic industry by specializing in the upstream and downstream business of photovoltaic and building strategic relationships with clients in the polysilicon manufacturing and construction contracting industries. Xinte Energy’s competitive advantage in the industry has enabled the Company to seize enormous business opportunities. In addition, Xinte Energy is active in expanding its business internationally, their construction of the mega-scale photovoltaic power plant in Pakistan is one of the symbolic projects of the “One Belt One Road” policy. Going forward, Xinte Energy will continue to strengthen its support to the “One Belt One Road” strategic plan by expanding their business internationally where the development potential is enormous.

Mr. Marcellus Wong, Vice Chairman of AMTD, also serves as Independent Director in Xinte Energy. “TEBA and Xinte Energy are both highly-respected companies that have achieved remarkable success in the fields of energy equipment manufacturing, power transmission and distribution equipment manufacturing and new energy development. Meanwhile, Xinte Energy has established thorough internal governance structure and financial management system. Xinte Energy has also built great international image and investor relations by going public in Hong Kong late 2015”, says Mr. Wong. “Last month, AMTD successfully organized and coordinated Strategic Dialogue with Direct Investment and Investment Banks in Hong Kong for its strategic partner CM New Energy. AMTD is expecting further cooperation with TEBA and Xinte Energy across domestic and overseas capital market, and will take full advantage of its resources, experiences and advantages in global capital markets to help bring TEBA and Xinte Energy to the next level in the future”, he added.

In April 2015, Xinte Energy announced the introduction of pre-IPO investors which included China Minsheng Investment Corp., Ltd. (widely known as the “private sector version of China Investment Corp.”), L.R. Capital (a leading global investment and alternative asset manager) and GF Energy Investment, a subsidiary of GF Securities. The introduction of these high quality investors further strengthened Xinte Energy’s capabilities by bringing in capital and resources from China and overseas. On 30 December 2015, Xinte Energy has successfully listed its stock on the main board of the Hong Kong Stock Exchange. AMTD Asset Management Limited acted as the Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager on the transaction and successfully led the initial public offering of Xinte Energy’s H shares.