Hanergy Ups the Ante in China's Solar Industry

The Company's4 futuristic thin-film solar power technologiesrecognized for thehighest conversion recordsat 2018 China Renewable Energy Conference

BEIJING,Aug. 29,2018 --Hanergy Thin Film Power Group Ltd (0566.HK),a pioneering multinational clean energy company,has addedanother fourrecords for energy conversion. The four futuristic thin-film solar power technologies wererecorded as having the highest conversion efficiency recordsat '2018 China Renewable Energy Conference' held on August 23.

The conference was organized to promote communication and spread the application of new energy technologies,advancing the Chinese energy industry. Otherrecords wereissued for China's top battery conversion efficiency records for 2018 and werecertified byCPVS (China Photovoltaic Society).

As a matter of great pride for Hanergy,among the total 8 records released,Hanergy alonegrabbed 4 records for its futuristic thin-film solar technologies including; copper indium gallium selenide (CIGS),GaAs (single junction),GaAs (double junction) and Efficient silicon heterostructure technology (SHJ),accountingforhalf of China's highest conversion records.

The efficiencies of thethree technologies continue to rise,and the efficiency of GaAs (single junction)is thehighest in the world. This milestone achievement is a testimonyto Hanergy'scontinuous effortswith the breakthroughs in technology to sustain its leading rolein the thin-filmsolar industry.

Hanergy's FourRecords -highest efficiency solar cells in China

Technology

Efficiency

Test Centre

copper indium gallium

selenide (CIGS)

21%to 21.2%

FhG-ISE

GaAs (single junction)

28.8%to 28.9%*

NREL

GaAs (double junction)

31.6%

NREL

Efficient silicon

heterostructure

technology (SHJ)

23.2%to 23.7%

Japan Electrical Safety & Environment

Technology Laboratories(JET)

*world record

Zhang Bing,Senior Vice President of Hanergy Thin Film Power,says, "Although,Hanergy already leads the world in thethin-film solar industry,we continue to make breakthroughs in technology. At Hanergy,we invest a lot of our resources to sustain the solid foundation laid by the group in the past few years and strive at all times to better our technical knowhow to stay ahead in the industry. We're also steadfast to leverage our expertise to improve China's solar industry,in order to catch up with the world's top technologies."

He added,"This further fuels our commitment towards our consumers and develop ground-breaking products by bringing to use our leading thin-film solar technology and provide green energy solutions to the world. We also hope to create the future of 'mobile energy.'"

Since 2009,Hanergy has painstakingly worked to integrate worldwide solar technology androbustly invested in the research and innovationof thin-film solar.

Hanergy intends to seize the opportunity presented by global energy transformation and low-carbon development tofocus on the thin-film solar industry chain,and continue to promote the industrialization and marketization of thin-film solar technology,so as to make thin-film solar technology a real "green" solar technology that benefits all and gradually achieve the great mission of "Changing The World With Thin-Film Solar."

Hanergy has filed over 6,100 patents,which means,on an average filing30 patents each day. Hanergy is all set to revolutionize the global mobile energy industry through its varied offerings equipped with advanced technology,such as roof tiles,backpacks andumbrellas.

About Hanergy Thin Film Power Group Ltd

Hanergy Thin Film Power Group Ltd (0566.HK) is a Hong Kong listed company,a subsidiary of Hanergy Holding Group Ltd. As a leading thin film solar company,Hanergy Thin Film Power Group Ltd is commited to "Building Mobile Energy". Since 2009,Hanergy has been devoted to the R&D and production of thin-film solar products. The thin-film solar technology has been applied to a series of commercial and civilian products,including Hantile,HanWall,HanCar,HanWindow,Humbrella,Hanbag and HanPaper.

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