The Board of Directors of Sunpower Group Ltd. announced that the company has incorporated a wholly-owned subsidiary in the People's Republic of China. The details of the Subsidiary are as follows: Name: Yueyang Sunpower Clean Energy Co. Ltd. Registered Capital: USD 8,000,000. Principal Activity: Supply of heat and electricity to enterprises. The Subsidiary is held by Sunpower Clean Energy Investment (Jiangsu) Co. Ltd. which is incorporated in the PRC and a wholly-owned subsidiary of the company.