Yeong Guan Group signs MoU with Siemens Gamesa Renewable Energy

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Yeong Guan Group signs MoU with Siemens Gamesa Renewable Energy
Feb-09,2018

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Dear Investors,

YG Group is pleased to announce today that we have signed a non‐binding MoU with Siemens Gamesa

Renewable Energy (SGRE).

This collaboration is aimed at strengthening the offshore wind supply chain in Taiwan, while for YG Group, it will

provide an advantage in becoming a key supplier in offshore wind energy in Asia Pacific.

Currently 20 wind farms in Taiwan have passed the environmental impact assessment which is equivalent to an

installation capacity of approximately 10.5GW, according to Dr. Chuan‐Neng Lin, Director General of the Bureau

of Energy at the Ministry of Economic Affairs. YG and SGRE have agreed to this strategic collaboration to further

develop the significant opportunities in Taiwan and Asia Pacific.

SGRE, one of the world’s leading providers of wind power products and solutions, as well as long‐term customer

of YG Group, opened its new Taipei office to serve as its regional offshore wind hub in Asia‐Pacific (APAC)

excluding mainland China in 2017.

 

Safe Harbor Notice

This presentation contains certain forward‐looking statements that are based on current expectations and aresubject to known and unknown risks and uncertainties that could cause actual results to differ materially fromthose expressed or implied by such statements. Except as required by law, we undertake no obligation to updateany forward – looking statements, whether as a result of new information, future events or otherwise.