(Hong Kong, 17 July 2024) — Xinyi Solar Holdings Limited (the "Company", together with its subsidiaries, "Xinyi Solar" or the "Group"; Stock Code: 00968), the world's largest solar glass manufacturer, is pleased to anonuce that the Group has made it into S&P Global’s Sustainability Yearbook 2024 (China Edition) ("Yearbook"). Since S&P Global first published the "Sustainability Yearbook (China Edition)" in 2023, Xinyi Solar has been honoured with this recognition for two consecutive years, a testament to the high international industry recognition for its achievements in promoting environmental, social and governance ("ESG") practices. Xinyi Solar has also once again achieved outstanding performance in the “2024 Asia (ex-Japan) Executive Team Rankings” published by the influential US financial investment publication Institutional Investor, earning the “Most Honoured Company” title for the fifth year in a row and making top three in the “Best Company Board”, “Best ESG”, “Best CEO”, “Best CFO” and “Best Investor Relations Professional” award categories in the Industrials (including Infrastructure) sector.

S&P Global’s Sustainability Yearbook 2024 (China Edition) evaluated the sustainability performance of more than 1,700 Chinese companies, among which only 129 made it into the Yearbook, based on their S&P Global 2023 Corporate Sustainability Assessment (“CSA”) scores. Selected companies must have a CSA score within the top 15% of their industry and no less than 30, while the difference between their CSA score and that of the industry’s top-performing company must be within 30%. As one of the most influential and credible corporate sustainability assessments in the world, CSA has grown into a leading global corporate sustainability database. S&P Global released the first Sustainability Yearbook (China Edition) in 2023 with the aim of identifying and recognising companies headquartered in Mainland China, Hong Kong, and Macau that demonstrate sustainability advantages in their respective industries.

As for Institutional Investor’s “2024 Asia (ex-Japan) Executive Team Rankings”, Xinyi Solar came first in the sell-side rankings in various award categories including “Best Company Board”, “Best ESG”, “Best CFO” and “Best Investor Relations Professional” within the Industrials (including Infrastructure) sector. It also made top three in the “Best Company Board”, “Best ESG”, “Best CEO” and “Best Investor Relations Professional” award categories among Asia Small and Midcap (market cap below US$10 billion) companies. Based on the buy-side and sell-side rankings combined, the Group stood out among the 1,669 participating companies and became one of the 55 earning the “Most Honoured Company” title. The “Asia Executive Team Rankings” is compiled by Institutional Investor to recognise companies and business leaders for steadfastly upholding corporate governance principles and fulfilling environmental and social responsibilities, as well as maintaining high transparency in relating with investors. It is one of the most authoritative and representative rankings in the capital market. In 2024, the poll covered 1,669 listed companies in Asia (ex-Japan) across 18 sectors, with votes cast by 4,943 buy-side fund managers and 951 sell-side analysts worldwide.

Dr. LEE Yin Yee, S.B.S., Chairman of Xinyi Solar, said, "We are honoured to once again make into S&P Global’s Sustainability Yearbook (China Edition), and Institutional Investor’s ‘Asia (ex-Japan) Executive Team Rankings’. We sincerely thank our international rating agencies, institutional investors, and industry analysts for their full trust, support and recognition of Xinyi Solar's long-term efforts on sustainable development, corporate governance, financial disclosure and investor relations management. We will adhere to the mission of ‘Leading Green New Energy’, step up promoting ESG practices and capture opportunities in the growing solar industry to make a greater contribution to the green energy transformation worldwide and continue to create value for shareholders and society."