Kong Sun : SUMMARY OF ELECTRICITY GENERATION VOLUME OF SOLAR POWER PLANTS FROM JANUARY TO APRIL 2021

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KONG SUN HOLDINGS LIMITED

江 山 控 股 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(STOCK CODE: 295)

SUMMARY OF ELECTRICITY GENERATION VOLUME

OF SOLAR POWER PLANTS FROM JANUARY TO APRIL 2021

This announcement is made by Kong Sun Holdings Limited (the ''Company'', collectively with its subsidiaries, the ''Group'') to keep the shareholders and potential investors of the Company informed of the latest business development of the Group. The board of directors (the ''Directors'') of the Company (the ''Board'') announces that, according to the Company's preliminary operating statistics currently available, the solar power plants owned by the Group have generated electricity in an aggregate volume of approximately 507,092 megawatt-hour (''MWh'') from January to April 2021, as compared with the aggregate volume of electricity generated from the corresponding power plants for the corresponding period last year in the amount of approximately 492,760 MWh. The total installed capacity of the Group was 838.8 megawatts as at 30 April 2021.

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Set forth below is the further breakdown of the electricity generated by the solar power plants owned by the Group (by geographical locations).

					Approximate
					Aggregate Volume
			Approximate	of Electricity
			Aggregate Volume	Generated from
			of Electricity	the Corresponding
			Generated	Power Plants
	Number of Solar	from January	from January
	Power Plants	to April	to April
Province	as at 30 April 2021	2021	2020
			(MWh)	(MWh)
Xinjiang	7		60,210	43,666
Gansu	5		81,104	77,560
Shaanxi	4		209,541	213,744
Inner Mongolia	1		5,337	5,845
Shanxi	1		8,172	7,161
Hebei	2		22,835	25,181
Henan	2		47,813	49,582
Shandong	-	6,139	5,636
Anhui	4		40,890	40,070
Zhejiang	1		6,249	6,062
Hubei	1		8,457	8,805
Qinghai	1		10,345	9,448
Total	29		507,092	492,760

Note: The figures provided herein are subject to rounding adjustments and will be subject to other possible adjustments due to accounting procedures.

Shareholders and/or potential investors of the Company are hereby reminded that the information provided above merely represents the preliminary statistics of operating performance of the solar power plants beneficially owned by the Group as of 30 April 2021 currently available to the management, and is by no means a representation or a basis of reference or calculation for the revenue or profit to be generated or derived by the Group or any financial performance of the Group as of 30 April 2021 or for the year ended 31 December 2020. Accordingly, shareholders and/or potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

Kong Sun Holdings Limited

Mr. Jin Yanbing

Executive Director

Hong Kong, 10 May 2021

As of the date of this announcement, the Board comprises two executive Directors, Mr. Jin Yanbing and Mr. Qin Hongfu, one non-executive Director, Mr. Jiang Hengwen, and three independent non-executive Directors, Mr. Lang Wangkai, Ms. Wu Wennan and Mr. Xu Xiang.

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