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GCL-POLY ENERGY HOLDINGS LIMITED

保利協鑫能源控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 3800)

ANNOUNCEMENT ON THE EXPECTED RESULTS FOR THE YEAR 2013

This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
The Board wishes to inform the shareholders of the Company and potential investors that the Group is expected to record a loss attributable to owners of the Company for the year ended 31 December 2013 but in a substantial less extent as compared to the loss in 2012. This announcement is based only on the preliminary management accounts of the Group, which has not been reviewed or confirmed by the Company's auditors.
Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.
This announcement is made by GCL-Poly Energy Holdings Limited (the "Company", together with its subsidiaries as the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
The board of the directors of the Company (the "Board") wishes to inform the shareholders of the Company and potential investors that, based on the preliminary management accounts of the Group for the year ended 31 December 2013 (which has not been reviewed or confirmed by the Company's auditors), the Group is expected to record a loss attributable to owners of the Company for the year ended 31 December

2013 but in a substantial less extent as compared to loss in 2012.

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The Board believes that the loss for the year ended 31 December 2013 was mainly attributable to the following reasons:

(i) due to the relatively low selling prices of photovoltaic products in the first three quarters of 2013, which began to rise as the demand has been increasing since the fourth quarter of 2013 ; and
(ii) impairment and provisions are expected to be made against intangible assets, inventory, accounts receivables and production facilities of the Group.
The information contained in this announcement is based only on the preliminary management accounts of the Group, which has not been reviewed or confirmed by the Company's auditors. The Group expects to announce its audited financial results for the year ended 31 December 2013 in March 2014.
Shareholders of the Company and potential investors are advised to exercise caution when dealing in shares of the Company.
By order of the Board

GCL-Poly Energy Holdings Limited

Zhu Gongshan

Chairman

Hong Kong, 28 January 2014
As at the date of this announcement, the Board comprises Mr. Zhu Gongshan (Chairman), Mr. Ji Jun, Mr. Shu Hua, Mr. Yu Baodong, Ms. Sun Wei and Mr. Zhu Yufeng as executive directors; Ir. Dr. Raymond Ho Chung Tai, Mr. Xue Zhongsu and Mr. Yip Tai Him as independent non-executive directors.

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