(3 October 2012, Hong Kong) GCL-Poly Energy Holdings Limited ("GCL", "Group", stock code: 3800.HK) is pleased to announce that, Jiangsu Zhongneng Polysilicon Technology Development Co., Limited (“Jiangsu Zhongneng”), a wholly owned subsidiary of GCL that manufactures polysilicon has successfully trail-run its first phase polysilicon silane system and produced qualified high-purity silane gas. The commencement of GCL’s system marks the first-stage achievement in silane manufacturing and the technology of FBR method. It lays a solid foundation for the execution of the Group’s techno🗹logy strategy, cost strategy and product strategy. 

Mr Zhu Gongshan, Chairman of GCL-Poly said, “The breakthrough and application of this technology does not only fill the gap of the domestic silane manufacturing technology, but also provide a supply base for China’s semi-conductor and new energy materials industries so that they can source high-quality, low cost and large-scaled raw materials domestically in the future. Meanwhile, this technology breakthrough ch🦂anges China’s reliance on silane gas import for many years. It accelerates the pace of grid parity of solar energy and provides a new growth engine for the current depressed solar industry. In addition, the application of the technology lays a solid foundation for GCL-Poly to use silane in the manufacturing of polysilicon and improves GC🍌L’s competitiveness. We will speed up our technology innovation and work hard on lowering our production costs to create more value for our shareholders, society and employees.”