Kong Sun : SUMMARY OF ELECTRICITY GENERATION VOLUME OF SOLAR POWER PLANTS FROM JANUARY TO MARCH 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 MARCH 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 373,132 megawatt-hour (''MWh'') from January to March 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 335,598 MWh. The total installed capacity of the Group was 1,158.8 megawatts as at 31 March 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
	Number of Solar	Generated	Power Plants
	Power Plants	form January	form January
	as at 31 March	to March	to March
Province	2021		2021	2020
			(MWh)	(MWh)
Xinjiang	7		41,352	30,171
Gansu	5		59,969	56,122
Shaanxi	5		156,036	144,432
Inner Mongolia	1		3,797	4,086
Shanxi	1		5,357	3,993
Hebei	2		16,076	16,883
Henan	2		35,061	33,043
Shandong	1		6,139	5,636
Anhui	4		30,483	25,010
Zhejiang	1		4,488	3,776
Hubei	1		6,402	5,526
Qinghai	1		7,972	6,920
Total	31		373,132	335,598

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 31 March 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 31 March 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, 8 April 2021

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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. Wu Wennan and Mr. Xu Xiang.

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