SPI Energy Announces Plans to List Shares of Meicheng Subsidiary on China's NEEQ

SPI Energy Co, a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors, today announced that its Board of Directors has approved a plan to list a wholly owned subsidiary under its power plant management and service business unit, Meicheng Power Suzhou Ltd., on the National Equities Exchange and Quotations (NEEQ), an over-the-counter market for small and medium enterprises in China. Meicheng owns and operates utility-scale PV projects as well as commercial distributed generation PV projects across China. The Company has appointed an advisory committee to prepare for the listing that includes Ping An Securities Company, Ltd., Jingtian & Gongcheng Law Firm and United Ericsson Certified Public Accountants. Established by the State Council in late 2012, the NEEQ is a national over-the-counter market that supplements trading activities on the Shanghai and Shenzhen stock exchanges, including the related Growth Equity Market exchanges. The NEEQ allows for trading of stocks of growth companies that do not otherwise satisfy the requirements for listing on the Shanghai and Shenzhen stock exchanges, allowing small and medium enterprises in China access to the capital markets and greater exposure to the investment community.