Kong Sun : SUMMARY OF ELECTRICITY GENERATION VOLUME OF SOLAR POWER PLANTS FROM JANUARY TO AUGUST OF 2020

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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 AUGUST OF 2020

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 1,285,670 megawatt-hour (''MWh'') from January to August of 2020, 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 1,258,462 MWh. The total installed capacity of the Group was 1,278.8 megawatts as at 31 August 2020.

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Set forth below 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
	Number of Solar	of Electricity	the Corresponding
	Power Plants	Generated	Power Plants
	as at 31 August	from January to	from January to
Province	2020		August of 2020	August of 2019
			(MWh)	(MWh)
Xinjiang	7		140,536	137,859
Gansu	6		203,485	204,906
Shaanxi	6		521,391	500,905
Inner Mongolia	1		12,156	13,524
Shanxi	1		18,544	21,691
Hebei	3		87,836	90,101
Henan	2		102,542	99,480
Shandong	2		36,193	38,769
Anhui	4		107,459	97,326
Jiangsu	-	2,548	2,026
Zhejiang	1		13,802	13,908
Hubei	1		20,420	20,385
Qinghai	1		18,758	17,582
Total	35		1,285,670	1,258,462

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 operating performance of the solar power plants beneficially owned by the Group for the period ended 31 August 2020 based on data currently available to the management, and is by no means a representation or a basis of reference or indication of the revenue or profit to be generated or derived by the Group or any financial performance of the Group for the period ended 31 August 2020 or for the year ended 31 December 2019. 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, 9 September 2020

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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. Wang Fang and Ms. Wu Wennan.

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