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DJ Gowin New Energy Group Limited Gowin New Subsidiaries

TIDMGWIN

RNS Number : 2607E

Gowin New Energy Group Limited

14 July 2016

14 July 2016

Gowin New Energy Group Limited

("Gowin" or the "Company")

Gowin New Subsidiaries

The Company announces the decisions made by the Board of Directors at the meeting held on 7 July 2016. The Board approved the setting up of two subsidiaries, in Taiwan (Goyoung Company Limited) and in China.

Goyoung Company Limited

Goyoung Company Limited focuses on Sales business and will host the headquarters of the Operation centre. Its registered capital is USD 8,000,000. This subsidiary will allow the business model to extend to a more diversified client selection and to realise opportunities related to renewable energies.

Chinese subsidiary

The new subsidiary in China will meet Gowin's requirements in terms of Research & Development (R&D), production / manufacturing, sales, quality control and purchasing. With a registered capital of RMB 10,000,000, it will upgrade the R&D originally located at Gowin's headquarters. As a consequence, it will be the new location of the R&D Management centre.

The directors of Gowin New Energy Group Limited accept responsibility for this announcement.

For further information please visit www.gowinyichia.com or contact the following:

   Garry Willinge                            Gowin New Energy Group Limited           +852 9100 9972 
   David Scott / James Dewhurst     Alexander David Securities Limited          +44 20 7448 9820 

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

July 14, 2016 12:52 ET (16:52 GMT)