Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 580)

VOLUNTARY ANNOUNCEMENT

This is a voluntary announcement made by Sun.King Power Electronics Group Limited (the "Company").

The board (the "Board") of directors (the "Director(s)") of the Company is pleased to announce that, as of 11 June 2018, the subsidiaries of the Company have signed contracts with Changzhou Borui Electric Power Automation Equipment Co., Ltd. ( ੬ψ௹๿ཥɢІਗʷண௪Ϟࠢʮ̡ ) and NR Electric Co., Ltd. ( یԯی๿ᘱڭཥंϞࠢʮ̡ ), the subsidiaries of NARI Technology Co., Ltd. ( ਷ཥی๿߅Ҧٰ ΅Ϟࠢʮ̡ ), regarding the products in relation to the flexible direct current transmission demonstration construction project in Zhangbei, with a contract sum amounted to RMB186,701,012. The amount in respect of the contracts within such project that are awarded to us but not yet signed amounted to RMB163,542,400. The subsidiaries of the Company mainly supply products such as transmission valves IGBT, direct current circuit breakers IGBT, IGBT drivers and busbars for such project. In addition, contracts regarding the supply of products by the subsidiaries of the Company for such project will be signed successively, and announcements will be made by the Company in due course.

The flexible direct current transmission demonstration construction project in Zhangbei will construct the first ±500 KV multi-terminal flexible direct current grid transmission project in the world, which provides phenomenal integrated benefits and strategic significance for promoting national energy transformation and green development and serving the low-carbon green Winter Olympic Games in Beijing.

To the best of the knowledge, information and belief of the Directors having made all reasonable enquiry, NARI Technology Co., Ltd., NR Electric Co., Ltd. and Changzhou Borui Electric Power Automation Equipment Co., Ltd. and its ultimate beneficial owners are third parties independent of the Company and connected persons (within the meaning of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) of the Company.

By order of the Board

Sun.King Power Electronics Group Limited

Xiang Jie

Chairman

Hong Kong, 11 June 2018

As of the date of this announcement, the executive Directors are Mr. Xiang Jie, Mr. Gong Renyuan and Mr. Yue Zhoumin; the non-executive Directors are Mr. Yan Fuquan, Mr. Zhu Ming and Ms. Zhang Ling; and the independent non-executive Directors are Mr. Chen Shimin, Mr. Zhang Xuejun, Mr. Leung Ming Shu and Mr. Zhao Hang.

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Sun.King Power Electronics Group Ltd. published this content on 11 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 June 2018 11:07:07 UTC