10,493 kWh of clean energy to be generated per year

HONG KONG, CHINA - Media OutReach - 28October 2020 - Leading bespoke solar developer and asset management company NEFINSolar Asset Limited ("NEFIN"), a member of the NEFIN Group, is very pleasedto announce the strategic rooftop solar PV partnership with The Park Lane HongKong, a Pullman Hotel under the Accor Hotels Group ("Park Lane Hotel"),participating the Feed-in Tariff Scheme by Hong KongElectric. This marks NEFIN's first rooftop solar partnership with a major hotelgroup, with its hotel located in the heart of the city.

NEFIN and Park Lane Hotel completed the first phase of the solar energycollaboration project with the installation of the solar panels onthe hotel's rooftop. The solar PV system will collectively generate 10,493 kWh of cleanenergy per year, off-setting approximately 8,499 kg of carbon emissionsannually.

This partnership adds another feather to NEFIN'scap in its vision to achieve carbon neutrality for corporates and workingtowards a sustainable future. Park Lane Hotel is recognized for its high-qualityaccommodation and services, but it also has a track record of contributing to environmentaland socially responsible causes, ranging from food rescue and assistance toorganizing activities for the disabled.

Mr Raymond Choi, Director of Rooms and BrandCompliance, Park Lane Hotel said: "At our hotel, we understand that we are ultimately part of awider community. Everyone has to do their part. We are proud to be part of thispartnership with NEFIN and believe that embracing solar energy will help createa more sustainable Hong Kong. Solar energy has proven one of the most effectiveforms of renewable energy, and we look forward to setting a positive example inour industry going forward."

Mr Glenn Lim, CEO of NEFIN,said: "Park Lane Hotel is our first international hotel groupcollaboration.  The hospitality industryis an energy intensive industry. A well-designed solar PV system canefficiently and reliably reduce energy costs, contributing to the overallcorporate sustainability mission. At NEFIN, this aspect of our vision is simpleand clear: if every building in the city installs a good quality rooftop solar PVsystem, humanity can benefit from increased solar power (clean energy) production,less pollution and lower carbon emissions. We look forward to furthercollaboration opportunities in the hospitality industry."

Despite thechallenges of the pandemic, NEFIN entered into several solar partnerships andcompleted projects around the region, including a joint venture with PetronasNew Energy to power Tesco stores around Malaysia and the signing of PPA withChina-based XSD International to provide solar solutions to its Kedah site. Moreannouncements of solar projects will be made in the coming weeks.

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About NEFIN Group

Founded by core management team of DuPont Solar Business, legal expertand investment bankers, NEFIN Group has collectively delivered over 300MW ofutility-scale, commercial and industrial rooftop solar systems regionally. Themission of NEFIN is about achieving carbon neutrality for companies. The groupoffers consulting services such as due diligence, feasibility studies andlender-technical advice on top of project development, system design,engineering and asset management. NEFIN Group also offers flexible financingoptions to partners who opt for zero investment. Please refer to NEFIN'swebsite www.nefinco.com for more information.

About Park Lane Hotel

Located in the heart of Causeway Bay, The Park Lane HongKong, a Pullman Hotel, offers 818 well-appointed rooms and suites (the mostspacious in town), with breath-taking views of the city landscape, VictoriaPark and Victoria Harbour. The Hotel features two restaurants and a bar,including the much-praised SKYE.