566 Global Solar CIGS 613 1415 1623 64II 33 34 48 28 26
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Global Solar (a) (b) CIGS Global Solar Global Solar Global Solar 1 1
GL Wind Farm GL Wind Farm Investment Limited Global Solar Global Solar Energy, INC Global Solar Hanergy Hi-Tech (HK) Global Solar Global Solar Global SolarHanergy Hi-Tech (HK) Hanergy Hi-Tech (HK) 6 Hanergy Hi-Tech Hanergy Hi-Tech Power International Limited Hanergy Hi-Tech (HK) Hanergy Hi-Tech Power (HK) Limited 61.19% Hanergy Investment Hanergy Investment Limited Hanergy Option Hanergy Option Limited 2
Global Solar Hanergy Hi-Tech 1 7.75 Global Solar 61 CIGS Global Solar CIGS Global Solar CIGS Global SolarHanergy Hi-Tech (HK) 3
Global Solar MiaSolé MiaSolé MiaSolé MiaSolé MiaSolé CIGS MiaSolé MiaSolé Hanergy Hi-Tech (HK)Global SolarGlobal Solar 571 Global Solar 0.0025 Solibro Solibro GmbH Solibro Solibro 4
Solibro (i) Solibro Research AB (ii) SolibroCIGS Solibro Global Solar % 1.00 7.75 5
566 Frank Mingfang Dai Clarendon House Church Street Hamilton HM 11 Bermuda 1 76 7606 07 Global Solar CIGS Global Solar Global Solar (a) Global Solar (b) 6
(c) (d) (e) (f) Global Solar Hanergy Hi-Tech (HK) Global Solar Global Solar Global Solar Global SolarHanergy Hi-Tech (HK) 17.75 Global Solar Global SolarCIGS CIGS Global Solar 33,176,000257,114,000 Global SolarHanergy Hi-Tech (HK)Global Solar Hanergy Hi-Tech (HK) 7
Global Solar CIGS Global Solar 1 7.75 Global Solar Global Solar Hanergy Hi-Tech (HK) Hanergy Hi-Tech (HK) (i) (ii) Hanergy Hi-Tech (HK) Hanergy Hi-Tech (HK) Hanergy Hi-Tech (HK)Global Solar (iii) Global SolarGlobal Solar (iv) (v) Global Solar Global Solar Global Solar Global Solar Hanergy Hi-Tech (HK) Hanergy Hi-Tech (HK)(iv) Global Solar(iv) 8
Global Solar (ii)(iii) (v) Global Solar Global SolarCIGS 16 Global SolarCIGS CIGS40 Global Solar Global Solar Solibro MiaSolé CIGS CIGS Global SolarGlobal Solar CIGSSolibroMiaSolé CIGS 9
Global Solar CIGS CIGS Global Solar Global Solar Global Solar Global Solar Hanergy InvestmentHanergy Option GL Wind Farm 17,493,712,04961.19% Global Solar Global Solar14A Solibro Solibro 14A Solibro Solibro 5%14A Solibro MiaSolé MiaSolé 14A MiaSoléMiaSolé 10
5%Solibro 14AMiaSolé 14A.25 SolibroMiaSoléGlobal Solar 5% 25%14A Global Solar Global Solar Global Solar Global Solar 14.22 SolibroMiaSoléGlobal Solar 5% 25%14 Global Solar Global SolarHanergy Hi-Tech 1 7.75 14A 5%14A 11
33 34 64IIGlobal Solar 48 28 26 Global Solar Global Solar Global Solar Global Solar 12
14 15 16 23 Frank Mingfang Dai 13
Global Solar 566 Global Solar CIGS Global Solar Global Solar Global SolarGlobal SolarGlobal Solar Global Solar 14
16 23 15
Global Solar 8 23 Global Solar Hanergy Hi-Tech (HK) Global SolarGlobal Solar Global Solar Hanergy Hi-Tech (HK)17.75 Hanergy InvestmentHanergy Option GL Wind Farm 17,493,712,049 61.19% Global Solar Global Solar 14A 14A.25 Solibro SolibroMiaSolé MiaSoléGlobal Solar 16
5% 25%14A Global Solar Global Solar 14.22 SolibroMiaSoléGlobal Solar 5% 25%14 Global Solar Global Solar Global Solar Global Solar Global Solar Global Solar (i) (ii) 17
Global Solar Global Solar Global Solar Global Solar Hanergy Hi-Tech (HK) Global SolarGlobal Solar Global Solar Hanergy Hi-Tech (HK)17.75 Global Solar CIGS 18
CIGS Solibro MiaSolé CIGS CIGS EuPD Research CIGS 3% 6% 30% CIGS CIGSa-Si/Si-Ge CIGS CIGS nc-si a-si/si-ge 650 300 50 1,000 700 300 1,000 1,200 300 500 2,000 2,700 300 3,000 12.175 95 12.496.7 23.15 180.6 38.4 299.5CIGS 19
SolibroSolibro(i) Solibro Research AB CIGS(ii) SolibroCIGS MiaSoléCIGSMiaSolé MiaSolé MiaSolé (i) MiaSoléGG-04 Intertek UL UL 170315.5%(ii) MiaSoléFlex-01ULIEC 61646 IEC 61730 Solibro CIGS 18.7%Solibro 0.5 CIGS19.6% CIGS Global SolarCIGS Global Solar CIGS16 Global Solar CIGSCIGS 40 Global Solar(www.globalsolar.com) Global Solar Global Solar Global SolarCIGS SolibroMiaSolé CIGS Solibro MiaSolé CIGS 20
Global Solar CIGS Global Solar CIGS 1 Global Solar 1 Global Solar CIGS Global Solar Global SolarGlobal Solar Global Solar CIGS (i) CIGS (ii) CIGS (iii) Global Solar Global Solar 17.75 Global Solar Global Solar 33,176,000 257,114,000 21
1 CIGS CIGS Global SolarGlobal Solar Hanergy Hi-Tech (HK) Global Solar CIGSGlobal Solar Global Solar CIGS Global Solar Global Solar a) 257,114,000 7.75 257,114,000 b) 7.75 22
Global Solar Global Solar Global Solar Global Solar 23
09/527,542 6,310,281 B1 6,310,281 Bl THIN-FILM, FLEXIBLE PHOTOVOLTAIC MODULE 09/527,316 6,372,538 B1 6,372,538 Bl FABRICATION OF THIN-FILM, FLEXIBLE PHOTOVOLTAIC MODULE 10/143,750 US20030213974Al 6,690,041 B2 MONOLITHICALLY INTEGRATED DIODES IN THIN-FILM PHOTOVOLTAIC DEVICES 09/613,951 7,194,197 B1 7,194,197 Bl NOZZLE-BASED, VAPOR- PHASE, PLUME DELIVERY STRUCTURE FOR USE IN PRODUCTION OF THIN-FILM DEPOSITION LAYER 11/725,975 US20070253686A1 7,760,992 B2 NOZZLE-BASED, VAPOR- PHASE, PLUME DELIVERY STRUCTURE FOR USE IN PRODUCTION OF THIN-FILM DEPOSITION LAYER 12/424,512 US20090258444A1 7,968,353 B2 APPARATUS AND METHODS FOR MANUFACTURING THIN- FILM SOLAR CELLS 12/154,549 US20080247737A1 8,059,945 B2 NOZZLE-BASED, VAPOR- PHASE, PLUME DELIVERY STRUCTURE FOR USE IN PRODUCTION OF THIN-FILM DEPOSITION LAYER 12/397,846 US20090258457A1 8,062,922 B2 BUFFER LAYER DEPOSITION FOR THIN-FILM SOLAR CELLS EP2257970A2 WO 2009/111053 A2 BUFFER LAYER DEPOSITION FOR THIN-FILM SOLAR CELLS JP2011525297 WO 2009/111053 A2 BUFFER LAYER DEPOSITION FOR THIN-FILM SOLAR CELLS 13/273,013 US20120034726A BUFFER LAYER DEPOSITION FOR THIN-FILM SOLAR CELLS 12/154,550 US20080247738A1 8,184,963 B2 NOZZLE-BASED, VAPOR- PHASE, PLUME DELIVERY STRUCTURE FOR USE IN PRODUCTION OF THIN-FILM DEPOSITION LAYER 12/154,548 US20080226270A1 8,190,006 B2 NOZZLE-BASED, VAPOR- PHASE, PLUME DELIVERY STRUCTURE FOR USE IN PRODUCTION OF THIN-FILM DEPOSITION LAYER Global Solar University of Delaware Global Solar University of Delaware Global Solar University of Delaware Global Solar Global Solar Global Solar Global Solar Global Solar Global Solar Global Solar Global Solar Global Solar Global Solar 24
12/424,505 US201000870161 8,198,123 B2 APPARATUS AND METHODS Global Solar FOR MANUFACTURING THIN- FILM SOLAR CELLS 12/424,497 US20090255469A1 8,202,368 B2 APPARATUS AND METHODS Global Solar FOR MANUFACTURING THIN- FILM SOLAR CELLS EP2291855A1 WO 2009/146187 Al APPARATUS AND METHODS Global Solar FOR MANUFACTURING THIN- FILM SOLAR CELLS JP2011521099 WO 2009/146187 Al APPARATUS AND METHODS Global Solar FOR MANUFACTURING THIN- FILM SOLAR CELLS 12/397,873 US20100086673A1 8,277,869 B2 HEATING FOR BUFFER LAYER Global Solar DEPOSITION DE 11 2009 000 532 T5 WO 2009/111052 HEATING FOR BUFFER LAYER Global Solar DEPOSITION JP2011513992 WO 2009/111052 HEATING FOR BUFFER LAYER Global Solar DEPOSITION 12/397,863 US20100086699A1 SOLUTION CONTAINMENT Global Solar DURING BUFFER LAYER DEPOSITION DE212009000031.0 WO 2009/111054 Al DE 21 2009 000 031 U1 SOLUTION CONTAINMENT Global Solar DURING BUFFER LAYER DEPOSITION 12/397,899 US20100087015A1 FEEDBACK FOR BUFFER LAYER Global Solar DEPOSITION DE212009000032.9 WO 2009/111055 Al DE 21 2009 000 032 U1 FEEDBACK FOR BUFFER LAYER Global Solar DEPOSITION 12/424,500 US 20090258476A1 APPARATUS AND METHODS Global Solar FOR MANUFACTURING THIN- FILM SOLAR CELLS 12/424,510 US 20090255467A1 APPARATUS AND METHODS Global Solar FOR MANUFACTURING THIN- FILM SOLAR CELLS DE212009000025.6 WO 2009/111054 Al DE 21 2009 000 025 U1 THIN FILM SOLAR CELL STRING Global Solar 12/976,976 US20120006398A1 PROTECTIVE BACK CONTACT Global Solar LAYER FOR SOLAR CELLS DE 10 2010 056 333 A1 US20120006398A1 PROTECTIVE BACK CONTACT Global Solar LAYER FOR SOLAR CELLS 12/976,911 US20120006378A1 THIN FILM SOLAR CELL STRING Global Solar DE102010056340A1 US20120006378A1 INTERCONNECTING THIN FILM Global Solar SOLAR CELLS BY FOLDING 12/980,185 US20110177622A1 APPARATUS AND METHODS OF Global Solar MIXING AND DEPOSITING THIN FILM PHOTOVOLTAIC COMPOSITIONS 12/980,151 US20120000510A1 LAMINATED SOLAR CELL Global Solar INTERCONNECTION SYSTEM 12/980,201 US20120000502A1 INTEGRATED THIN FILM SOLAR CELL INTERCONNECTION Global Solar 25
EP10844268.2 EP2519453A2 INTEGRATED THIN FILM SOLAR Global Solar CELL INTERCONNECTION 13/104,568 US20120118356A1 MULTI-LAYER SOLAR MODULE Global Solar BACKSHEET 13/165,114 US20120152325A1 JUNCTION BOX ATTACHMENT TO SOLAR MODULE LAMINATE Global Solar 13/222,991 US20120222725A1 FLEXIBLE BUILDING-INTEGRATED Global Solar PHOTOVOLTAIC STRUCTURE DE112011102882.2 WO 2012/030971 A1 FLEXIBLE BUILDING-INTEGRATED Global Solar PHOTOVOLTAIC STRUCTURE WO 2012/030971 A1 FLEXIBLE BUILDING-INTEGRATED Global Solar PHOTOVOLTAIC STRUCTURE CN201180041663.2 WO 2012/030971 A1 FLEXIBLE BUILDING-INTEGRATED Global Solar PHOTOVOLTAIC STRUCTURE 13/278,584 US20120118370A1 TWO-PART SCREEN PRINTING Global Solar FOR SOLAR COLLECTION GRID 13/351,170 US20120192941A1 BARRIER AND PLANARIZATION Global Solar LAYER FOR THIN-FILM PHOTOVOLTAIC CELL 13/482,699 US20090255565A1 THIN FILM SOLAR CELL STRING Global Solar 26
ASIA LIMITED BUSINESS AND INTANGIBLE ASSET APPRAISAL INVESTMENT PROJECT ADVISORY SERVICES Hanergy Holdings Limited 44 Global Solar Energy Inc. 27
(a) (b) (c) (d) 33,176,000 1 76 7606 07 28
1. 2. XV (i)xv78 (ii)352 (iii) Frank Mingfang Dai 5,600,000 22,400,000 28,000,000 0.10% 1 1,200,000 12,000,000 13,200,000 0.05% 4,800,000 19,200,000 24,000,000 0.08% 1,200,000 4,800,000 6,000,000 0.02% 2 7,150,000 7,150,000 0.03% 29
(1) Thriving Sino Limited 1,200,000571 XV (2) 7,150,000 3,450,000 XV (i)xv78 (ii)352 (iii) XV23 3. 4. 5. 30
6. 7. 8. 6 31
9. 14 176 7606 07 (i) Global Solar (ii) (iii) MiaSolé (iv) Solibro (v) (vi) (vii) (viii) 32
566 64 II (a) Hanergy Hi-Tech Power (HK) Limited Global Solar Energy, INC Global SolarA (b) Global Solar Global Solar Global Solar Global Solar Frank Mingfang Dai 33
Clarendon House Church Street Hamilton HM11 Bermuda 1 76 7606 07 1. 2. 48 28 26 3. 34