Panda Green Energy under CMNE Becomes Constituent of Shenzhen-Hong Kong Stock Connect Eligible Securities

Classification:Company News Source:Panda Green


(Hong Kong, 4 September 2017) The world's leading eco-development solutions provider, Panda Green Energy Group Limited (00686.HK, "Panda Green Energy", formerly known as “United PV”) is pleased to announce that the Company has received a formal notice of Hang Seng Index on 16 August 2017 that Panda Green Energy has been selected as a constituent of Shenzhen-Hong Kong Stock Connect (“Shenzhen Connect”) Eligible Securities for Southbound Trading, effective 4 September 2017.

Shenzhen-Hong Kong Stock Connect is one of the important channels to promote the mutual access between Hong Kong and the Mainland stock markets. It officially commenced on 5 December 2016, and has a strict requirement on the market capitalization of each constituent stock. Panda Green Energy is listed on the Main Board of the Hong Kong Stock Exchange, and is now a constituent of the Hang Seng Composite Index Series, the Hang Seng Global Composite Index and the MSCI China Small Cap Index. Being included in the Eligible Securities under Shenzhen-Hong Kong Stock Connect is recognition of Panda Green Energy's investment value in the capital market

Panda Green Energy and the United Nations Development Program successfully launched the first landing project "Panda Power Plant" of the national "Belt and Road" Initiative, and got highly attention. Recently, energy ministers and government officials from 25 countries along the "Belt and Road" routes participated in the United Nations workshop on “Low-Carbon Development and Financing Solutions through South-South Cooperation” in Beijing, and went visiting the world's first "Panda Power Plant" in Datong. Zhu Ming, General Director of New Energy Department of National Energy Administration, fully appreciated the success of “Panda Power Plant”, said, "The Panda Power Plant is China's image and name card, leading the future development of the new energy industry." New energy has become the unprecedented trend of future energy revolution, where an amount of mainland funds and investors of strategic vision are pursuing potential stocks that are of scarcity and investment value. It is believed that Panda Green Energy will be favored by mainland investors via its solid business growth and promising industry development, and will increase enormously the market capitalization.