About RUIFENG RENEW Company

China Ruifeng Renewable Energy Holdings Co., Ltd. (“Ruifeng New Energy” or the “Company”), together with its subsidiaries (collectively, the “Group”), is mainly engaged in wind power generation business and continues to seek opportunities to invest in the energy industry. Furthermore, in order to spread business risks and broaden revenue channels, the company also seeks development opportunities in the financial industry, strives to promote each other between businesses, optimize the company's industrial structure, and thereby consolidate the foundation for the comprehensive development of Ruifeng New Energy's wind power operation business. Beginning in 2013, the Group gradually acquired additional ownership interests in Hebei Hongsong Renewable Energy Investment Co., Ltd. (“Hongsong New Energy”, the second largest shareholder of Hebei Hongsong Wind Power Co., Ltd. (“Hongsong”)). Currently, the indirect control over Hongsong is 86.55%. Red pine has an installed capacity of 398.4 megawatts, while its maximum installed capacity can reach 596.4 megawatts. In addition to Hongsong Wind Farm, Baotou Yinfeng Huili New Energy Investment Co., Ltd. (“Baotou Yinfeng”), a subsidiary of the Group, is mainly engaged in developing wind farms that produce renewable energy located in the Inner Mongolia Autonomous Region. Development of the Baotou Yinfeng Wind Farm began in mid-2016, and the installed capacity of the first phase of the wind farm (“Phase I Project”) is expected to reach 49.8 MW. The first phase of the project is still under construction and is expected to be completed within the next few years. It will bring benefits to the Group's wind farm business in the future. The company has also been in contact with a number of potential partners in the financial industry, and is also looking around to find investment opportunities in other renewable energy businesses.