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DJ Gowin New Energy Group Limited Recommended voluntary winding up of subsidiary

TIDMGWIN

RNS Number : 3458R

Gowin New Energy Group Limited

08 December 2016

8 December 2016

Gowin New Energy Group Limited

("GOWIN" or the "Company")

Recommended voluntary winding up of

subsidiary Gowin New Energy Holdings Limited

The Board of Gowin New Energy Group Limited hereby informs that on the 6 December 2016, it was proposed that the Company's subsidiary Gowin New Energy Holdings Ltd ("Gowin Holdings") incorporated in Hong Kong on the 21 January 2013 with registered number 1853876, which is wholly owned by the Company, took resolution on voluntarily winding up Gowin Holdings and starting the liquidation procedure of winding up Gowin Holdings with immediate effect.

Following last year's separation of PRC company Yichia Optoelectronics Technology Co., Ltd, the Company's subsidiary Gowin New Energy Holdings Limited in Hong Kong serves no business purpose any longer which precipitates the wind up decision.

MAR

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

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

END

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(END) Dow Jones Newswires

December 08, 2016 07:02 ET (12:02 GMT)