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2015 Annual Report www.

suntien.com ANNUAL REPORT

2015 Chairman'

s Statement

2 Corporate Profile

4 Financial Highlights and Major Operational Data

13 Management Discussion and Analysis

16 Human Resources

33 Biographies of Directors, Supervisors and Senior Management

35 Report of the Board of Directors

41 Corporate Governance Report

59 Report of the Board of Supervisors

72 Independent Auditors'

Report

75 Consolidated Statement of Profit or Loss and Other Comprehensive Income

77 Consolidated Statement of Financial Position

78 Consolidated Statement of Changes in Equity

80 Consolidated Statement of Cash Flows

81 Notes to Financial Statements

83 Definitions

180 Corporate Information

183 Contents

2 China Suntien Green Energy Corporation Limited Annual Report

2015 2 Chairman'

s Statement China Suntien Green Energy Corporation Limited Annual Report

2015 Chairman'

s Statement

3 China Suntien Green Energy Corporation Limited Annual Report

2015 Dear Shareholders, In 2015, due to the continual weakening of the global economic recovery and complicated economic situation, international trade contracted and financial risks increased. China'

s economy was also at an unfavourable stage of triple transition , during which the economic growth decelerated with mounting downward pressure. In the meantime, the Company also faced with complicated and severe situations such as price reduction in wind power, declining demand of natural gas and difficulties encountered by infrastructure projects. The Board of Directors of the Company strived for making progress while maintaining stability, proactively responding to market changes and making preparations and plans so as to direct all employees to unite together and forge ahead. We also continued to speed up the process to seize market resources inside and outside the province, accelerated the progress of project construction and expanded the domestic and overseas financing channels, which greatly enhanced internal management and steadily optimized the business structure of the Company. In 2015, the Group realized total sales of wind and photovoltaic power generation of 2,974 million kWh;

sold 1,127 million cubic meters of natural gas;

realized revenue of RMB4,224 million, total profit of RMB200 million and net profit of RMB189 million, of which the net profit attributable to the owners of the Group amounted to RMB168 million. Looking forward to 2016, the Group will continue to vigorously develop clean energy businesses such as gas, wind power and solar energy so as to consolidate and expand its market structure of diversified business;

speed up the professional management of project construction and promote the production and operation of Approved Projects as soon as possible;

expand the domestic and overseas financing channels and attract low-cost capital to be used for project construction;

continue to optimize internal management and promote the construction of informative and standardized operation and maintenance;

strive to become a listed company with more solid foundation in basic management, more reasonable business structure, more diversified sources of profit growth and healthier and more sustainable development capacity to create greater values for shareholders and partner. Cao Xin Chairman Shijiazhuang, PRC,

24 March

2016 4 Corporate Pro?le China Suntien Green Energy Corporation Limited Annual Report

2015 China Suntien Green Energy Corporation Limited was established on