Sunpower

BACKGROUND

The Company was incorporated under the laws of Bermuda on 28 April 2004 under the name of Sunpower Group Ltd. The Group specializes in the design, R&D as well as manufacture of customized energy saving and environmental protection products with heat transfer technologies. The Group's product range, which consists of heat pipes and heat exchangers, pipe supports, waste gas and energy recovery systems and pressure vessels, are used in various industries such as petrochemical, steel and transportation. The Group's products are used in energy projects and have energy saving features.

The Group has a strong customer base and is a member of both China Petroleum and Chemical Corporation (SINOPEC) materials supply network and China National Petroleum Corporation (CNPC) first tier network. These memberships pre-qualify the Group to supply products to companies in the SINOPEC and CNPC groups. The Group's operations are based in China, and sales are derived in China. In the second half of 2004, the Group started exporting its heat pipes to Russia, and this marked the start of its venture overseas.