Ninghai, China—May 20, 2021--Recently, Risen Energy Co., Ltd. (300118) (hereinafter referred to as "Risen Energy") announced that it has reached an agreement to provide EPC service for 50MW wind energy project in DAK HOA, Vietnam. This is Risen Energy’s first wind energy EPC project in the world.

Wind energy owns the characteristics such as pollution-free, renewable and others, which are great for the global environmental protection and low-carbon economy development. In recent years, the local demands for renewable energy have rapidly increased, and Vietnam has rich wind resources. Therefore, Vietnam has become a popular market for new energy development in the world, including wind energy.

As one of the first wave of new energy companies to enter the Vietnamese market, Risen Energy, based on its localized operation strategy, has won many local project orders with advanced techniques and abundant project experience. The achievement of the wind energy EPC project in the Vietnamese market fully demonstrates Risen Energy’s solid EPC project experience and high market acceptance in the local area.

Risen Energy said, “It’s a great honor to develop the Vietnamese wind energy market. In the future, Risen Energy will continue to keep up with market demands and optimize the product structure. With diversified energy solutions and products, Risen Energy will continue to work with partners to expand the global clean energy business, and to fulfill the needs of more countries and regions in the world for green energy and sustainable development."

About RISEN ENERGY CO., LTD.

Risen Energy Co., Ltd. was founded in 1986 and listed as a Chinese public company (Stock Code: 300118) in 2010. Risen Energy is one of the pioneers in solar industry and has committed to this industry as a R&D expert, an integrated manufacturer from wafers to modules, a manufacturer of off-grid systems, and also an investor, a developer and an EPC of PV projects. Aiming to deliver the green energy worldwide, Risen Energy is developing internationally with offices and sales networks in China, Germany, Australia, Mexico, India, Japan, USA and others. After years of efforts, it has reached a module production capacity of 14.1GW. While growing rapidly, Risen Energy keeps a stable pace with an average debt ratio at around 60% from 2011 to 2020.