Chinese Energy Giant GCL Group

New Delhi, September 25th, 2015: Golden Concord Holdings Limited (GCL), an integrated energy group specializing in clean and new energy, has announced thatGCL Group has signed a strategic collaborative agreement with Indian Adani Enterprises, aiming to carry out large-scale cooperation in India’s green energy sector, Petroleum Logistics and photovoltaic industry during Honorable Prime Minister NarendraModi’s visit to China in June. The agreement plans to set up an industrial park with a complete PV industry chain in Mundra, Gujarat and an Ecological Health of The Habitat garden is also in the proposed plan. India is the first stop for GCL group to respond to Chinese governments “Road and Belt Initiative” and is also the first market for GCL to make deeper commitment. GCLleads its three core listed subsidiaries- GCL System Integration Co.,Ltd.,GCL-Poly Energy Holdings Ltd. and GCL New Energy Holdings Ltd. to have made a striking appearance in the9th Renewable Energy India 2015 Expo. This is interpreted as an action to pave the way for GCL’s longer commitment to Indian energy market. As the debut after this strategic decision, GCL group brought along a series of its star products and services: S4 GCL Poly, high efficiency PERC cellshigh efficiency HJT dual glass module, “GCL-Sunlight”high efficiency residential solar system, “Six-in-one” energy micro grid,Smart Energy City Solution. Chairman of GCL Group Mr. Zhu Gongshan commented, “GCL Group is intended to display GCL’s most up-to-date energy technologies and solutions to Indian and South Asia energy sectors during this tradeshow. This is also a step to demonstrate our determination to take roots in this market. Our agreement with Adani group have been going on very smoothly. We will also keep the market informed what we achieve from this strategic collaboration. We are very optimistic about Indian energy market’s outlook and are determined to provide better products and services to the market along with our Indian partners.