Corporate Profiles

China Technology Solar Power Holdings Limited ("CT SOLARPOWER") (formerly known as "Soluteck Holdings Limited ") and together with its subsidiaries (the "Group"), specializes in the provision of implementation and upgrading of self-service automatic teller machine ("ATM") systems and other systems, related application hardware and software, technical support and consultancy services to commercial banks and postal bureaus in the People's Republic of China (the "PRC" or "China"). The Company was listed in the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited on 3 January, 2001.

The Group is recognized as a professional ATM software, hardware and services company in the ATM sector, and is an authorized value-added reseller of self-service ATM systems of NCR (Beijing) Financial Equipment System Co., Ltd and related applications software for commercial banks in China. Moreover, during the year ended 31 March 2011, the Group has entered into an agreement with Fuji Xerox as its marketing agent for its printing systems.

The Group will fully commit itself to being one of the leading ATM total solution providers in the banking sector in the PRC and offer a full range of banking and financial system solutions for the banking and financial sectors, and persist to put efforts on enhancing closer customer relationships, broadening business relationship and exploring new business opportunities in corporate outsourcing technical service sector.

Leveraging on our prudent and experienced management and our strong and determined workforce, the Group, by keeping on boosting its marketing effort in the PRC to bring in new customers, will strive to maintain and expand its operations further, thus expanding our market share while at the same time bringing greater return to our shareholders.

Following the completion of the acquisition of the entire issued share capital of China Technology Solar Power Holdings Limited (BVI) ("CTSP (BVI)") (which is principally engaged in solar energy generation and related power system integration business in the PRC) on 1 June 2011, the Group is positioned to benefit from the growing demand in energy in the PRC, as well as the growing emphasis and awareness on renewable energy by the PRC government.

As the new energy industry such as solar photovoltaic power stations and biomass energy power stations are emerging in the PRC, the need for system integration services grows accordingly. Given the strict entry requirements and the business of provision of solar energy is a new industry in the PRC and still in its early stage of development, CTSP(BVI), being one of the pioneers in the PRC that commenced operation in early 2009, has (i) since its establishment, conducted preliminary works and studies including various substantial researches and studies about the selection of location, power grid, climate, policies and environment for the development of solar photovoltaic power stations in Qinghai Province; (ii) already obtained certain permits and approvals from the government authority for the construction of the power station, and (iii) established a medium of communication with the local government, with such solid foundation for the business of provision of solar energy, CTSP (BVI)has a competitive advantage in such new industry in the PRC. The acquisition is an opportunity for the Company to diversify its scope of business and to enter into a high growth business sector, so as to maximize the shareholders' value.