Sunpower provides cryogenic pipeline support system for Beijing 2022 Winter Olympic Games Venue

This is the first time for China to hold the Winter Olympics. Sunpower is the exclusive provider of cryogenic pipeline support solutions for the National Sliding Centre

A strong testament to Sunpower's ability to supply superior high-quality equipment and solutions for national projects and world-class event

Further solidify Sunpower's leading position in Manufacturing & Service (M&S) segment

SINGAPORE,May 9,2019 -- Mainboard-listed Sunpower Group Ltd.("Sunpower" or the "Group") (SGX: 5GD.SI),an environmental protection solutions specialist with a leading edge in anti-pollution investment projects ("Green Investments" or "GI") that generate long-term intrinsic value in the form of recurring income and cash flows,is proud to be selected as the exclusive supplier of a cryogenic pipeline support system for one of the event venues of the Beijing 2022 Winter Olympic Games.

The Group will provide low-temperature,anti-vibration and adjustable special pipeline support system for the liquid ammonia cryogenic cooling system of the National Sliding Centre at Beijing's Yanqing District,a world-class venue that will host the Bobsleigh,Skeleton and Luge sliding events at the Beijing 2022 Winter Olympic Games.

Sunpower is the only supplier of cryogenic pipeline support for the National Sliding Centre,which marks the first time that Sunpower's proprietary pipeline support system has been applied to an Olympic ice track. Under the project scope,the Group willdesign,manufacture,install and service the pipeline support system. This landmark project also attests to the Group's proven track record in supplying superior high-quality equipment and solutions in M&S segment across the globe.

Mr. Guo Hongxin,Executive Chairman of Sunpower,said,"The Olympics is the pinnacle of all global sporting events and as such,the construction of infrastructure and facilities for the Beijing 2022 Winter Olympics,as well as the selection of suppliers and partners,is governed by the strictest quality and safety standards. Sunpower is honoured to be the only supplier of cryogenic pipeline support technology for the National Sliding Centre project. This testifies our ability to supply superior high-quality equipment and solutions beyond our traditional industries to include world-class sporting venues."

He continued,"The Beijing 2022 Winter Olympics is an excellent global platform to showcase Sunpower's expertise and brand to an international and domestic audience. Looking ahead,we will continue on our mission to be a provider of outstanding products and solutions in the environmental space and devote to shape a green and sustainable future for China and the world."

About Sunpower Group Limited

Founded in 1997,Sunpower Group Ltd. (SGX: 5GD.SI) is an environmental protection solutions specialist in proprietary energy saving and clean power technologies,with a strong focus on expanding into anti-pollution investment projects ("Green Investments") which generate intrinsic value in the form of long-term,recurring and high-quality cash flows.

With proven capabilities in technology innovation and proprietary clean energy solutions,Sunpower is shaping a green future for itself by continuously developing its business segments of Green Investments ("GI") and Manufacturing & Services ("M&S"). Sunpower has rapidly expanded its GI business in recent years by leveraging on its existing core technologies of high-efficiency heat transfer,long distance heat insulated steam distribution,energy saving and ultra-low emission clean power generation. The GI segment is mainly focused on the investment and operation of centralised steam and electricity supply business,which is expected to bring in additional stream of recurring income to the Company.

In the M&S segment,Sunpower has delivered superior quality products and services to approximately 1,500 customers in over 30 countries across the globe to-date. Its reputable customer base includes BASF,BP,Shell,SABIC,DowDuPont,Alcoa and Mobil,China Petrochemical Corporation (SINOPEC),China National Petroleum Corporation (CNPC),China National Offshore Oil Corporation (CNOOC) and China Shenhua.

For more information,please refer to: http://en.sunpower.com.cn