United Renewable Energy Co., Ltd.

United Renewable Energy Co., Ltd.(Taiwan) (“URECO”, or “the Company”, 3576 TT), is achieving successful strategic transformation over the past year after the merger in 2018. Over the past year, URECO invested and developed new business of Energy Storage System (ESS) and Hydrogen Fuel Cell (HFC) Motorcycle. In solar business, URECO focus on own-brand module and PV system after the merger. URECO modules take up nearly 50% market share in Taiwan in 2018. URECO provide 100 MW for the largest PV power plant project in the Changhua Coastal Industrial Park. URECO designs and develops different ESS products, such as Li-ion battery module, portable ESS, residential ESS, and industrial ESS storage. URECO’s industrial ESS is the first in Taiwan to achieve UL9540. URECO successfully develops the first HFC motorcycle, a rival to 125cc fossil fuel motorcycle, and the only waste is water. HFC provide people an alternative for clean energy. Dr. Sam Hong, Chairman of URECO commented: “As the solar industry and government policy of renewable energy entered a new era, the successful company transformation of URECO shows us the future of solar industry in Taiwan. With the great help from government, URECO can lead Taiwan renewable energy industry to the international markets and return to glory of the technology island.” We work all together to build a world-call solar enterprise. URECO endeavors to lead Taiwan solar cell industry to be more than just manufacturer. Our mission is to lead Taiwan renewable energy industry and also surrounding industries to grow sturdily and steadily.