(Hong Kong, 29 June 2011) GCL-Poly Energy Holdings Limited (“GCL-Poly”, stock code: 3800.HK), is pleased to announce that Suzhou GCL-Poly Industrial Application Research Institute Co., Ltd., a wholly-owned subsidiary of GCL-Poly, officially laid its construction foundation today, which marked a brand-new stage of GCL-Poly’s photovoltaic business toward its cutting-edge technological development. Present at the foundation-laying ceremony, among others, included government officers Mr. Yan Li, Mayor of Suzhou, Mr. Ma Minglong, Secretary of Suzhou Industrial Park Working Committee, Mr. Pu Ronggao, Deputy Mayor of Suzhou, and Mr. Zhu Gongshan, the Chairman of the Board of Directors of GCL-Poly.

As a R&D hub specialised in photovoltaic new energy and related business under GCL-Poly, Suzhou GCL-Poly Industrial Application Research Institute (“GCL-Poly Research Institute”) mainly undertakes the scientific and technological research and development of photovoltaic materials such as polysilicon and wafer, photovoltaic equipment and relevant products, and it is the first industrial application-oriented R&D institution in China. GCL-Poly Research Institute is committed to integrating and mobilising the scientific research and talent forces of enterprises to develop low cost, high efficiency, and premium quality new environment-friendly energy products through sustained technological reform and innovation to achieve extensive application of green energy in the society as early as possible.

GCL-Poly Research Institute will forge seamless connection and interaction with GCL-Poly’s R&D Center located in the State of Washington of the US in scientific research area. Being a platform providing support, GCL-Poly Research Institute will attract domestic and overseas top scientists in the area of renewable energies to engage in the cutting-edge R&D topics, exploration and introduction of R&D equipments. Moreover, it is also dedicated to the exploration and application of new craftsmanship, new technologies, new products and new topics through close cooperation with national laboratories and professional institutions so as to nurture the core competences of technological innovation dedicated to the sustainable development of the photovoltaic industry.

Mr. Shu Hua, Executive President of GCL-Poly, said, “By recruiting top R&D talents and installing sophisticated R&D equipment, GCL-Poly Research Institute will become the leading technological unit and innovative engine of GCL-Poly, enabling GCL-Poly to make a brand-new step in its technological development for its ever-expanding renewable energy business”.

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