Journey towards Carbon Neutrality

�

HONG KONG, CHINA -�Media OutReach�- 8 January 2020�-�In a bid to
achieve its carbon neutrality goal as soon as possible, Bosch, in partnership
with NEFIN, the bespoke solar developer, announced the completion of its first
solar photovoltaic project at its Nanjing plant of Bosch Automotive Technology
Services (China) Co., Ltd. Government representatives including Mr. Tao Lei, Deputy
Director of the Nanjing Municipal Bureau of Industry and Information
Technology, Mr. Liu Hongwen, Member of the Nanjing Bureau of Commerce Party
Committee and Deputy Director General of the Nanjing Investment Promotion
Bureau, Mr. Shen Yinlong, Deputy Director of Nanjing Economic and Technological
Development Zone, Mr. Tao Xiaojun, General Manager of State Grid Nanjing Power
Supply Company, also management of Bosch Group including Dr. Frank
Scheidemantel, Regional President APAC of Bosch Global
Business Services and Member of the
Board of Bosch China, other VIP guests and media
participated in the event that took place on 8 January 2020.

�

The
Nanjing project is, by-far, the largest solar project by Bosch globally. The
project is divided into two phases. With completion of the first phase, 17,422
solar modules, would be installed on available carparks and ground surface,
approximately the size of 100,000 square meters in total. The first phase is
expertly engineered to produce an estimated 7,700,000 kWh clean solar energy
per annum and reduce carbon emission by 8,000 tones. Leveraging on the robust mounting structure, the ground
mounted solar panels can easily be redeployed to the rooftops of buildings in
Bosch in the future. With construction started by 1st August 2019, the
first phase was completed within five months, which is exceptionally short
compared to industry standard. With the full system up and running, it will be
able to generate an installed capacity of over 10,680,000 kWh, worth over a
million-dollar saving for the company. �

�

Climate
change has created much challenges for the world in recent years. In view of
this, all nations are aggressively seeking ways to embrace cleaner and greener
sustainable solutions for the long run. China has also launched a series of
carbon neutrality measures to combat with the challenges. According to Mr.
Frank Meyer, Senior Vice President (AA/MFG-AP) and PM of Bosch Automotive
Technology Services (China) Co., Ltd. Nanjing Plant, "Bosch aims to be carbon-neutral by
2020. It will be the one of the first batch of multinational companies to
achieve this ambitious goal. This Nanjing solar photovoltaic project is one of
the most important steps taken towards this goal." This Nanjing solar project, in
collaboration with NEFIN, will be a showcase for other Bosch plants around the
world. NEFIN is a world-renowned solar energy developer with bespoke experience
in solar system deployment. NEFIN has developed over 180MW solar projects
worldwide. This collaboration showcased best practices in the united effort
towards carbon neutrality. At the same time, it helps Bosch save huge energy
costs in the future and also helps cultivate towards the vision of embracing
more green energy on a global scale.�

�

"It
is our largest C&I solar project in China. With this first successful
collaboration between NEFIN and Bosch, I believe this paves the way forward
towards carbon neutrality in China and also opens doors to opportunities
globally." said
Mr. Glenn Lim, CEO of NEFIN.

�

In the near future, Bosch will further explore possibility
to adopt solar energy around plants in Asia and also worldwide. As partner of
Bosch in this matter, NEFIN will continue to contribute its expertise and
professional solutions along the way. The Bosch Nanjing solar panel system is
already contributing power to the plant.

About NEFIN Group

Founded
by core management team of DuPont Solar Business, legal expert and investment
bankers, NEFIN has collectively delivered over 180MW of utility-scale,
commercial and industrial rooftop solar systems all over the world. The group's
total solutions not only offer comprehensive portfolio of high-performance
products, feasibility study, system design, engineering and asset management, but also provide flexible financing
solutions to partners who opt for ZERO investment. Please refer to NEFIN's
website www.nefinco.com for more information.

About Bosch Group

Bosch Group is a global supplier of automotive technology and
services. In 1902, Bosch designed and manufactured the world's first spark plug,
a major milestone at its automotive development history. Bosch Automotive
Technology Service (China) Co., Ltd. (AACN) is a wholly-owned company by Bosch
Group. The company was previously-known as Nanjing Huade Spark Plug Co., Ltd
(NHSP), a joint venture by Bosch Group and Nanjing Electric in 2 April 1996. Bosch
Group obtained full ownership of the company by February 2010. Since then AACN
has become a solely-owned subsidiary of Bosch Group. Share capital was further
expanded by March 2011 and AACN was then renamed as Bosch Automotive Products
(Nanjing) Co., Ltd. New plant was built in East Zone of Nanjing Economic and
Technological Development Zone and reopened on 20 March 2013, occupying about
31 Million square feet. The company was later renamed as Bosch Automotive
Technology Service (China) Co,. Ltd. by November 2015. The company develops and
produces spark plugs, brake components and diagnostic equipment. It is the
Bosch's largest spark plugs manufacturing base, with advanced R&D hub and
testing facility for both the independent aftermarket and original equipment
services.

About the Nanjing Economic and Technological Development Zone

After 27
years of robust development, the Nanjing Economic and Technological Development
Zone has become an important state-developed area within the eastern Yangtse
Delta region. It is also key zone for industrial development, technological innovations
and opening to the outside world for Nanjing as a whole. Working alongside the
"4+4+1" industrial development roadmap for Nanjing city in recent years, the Nanjing
Economic and Technological Development Zone has vigorously developed into
industrial landmarks for the three key traditional industries of top-notch display,
high-end equipment and biomedical industries. At the same time, it has further
developed into new areas of new-energy automobiles, artificial intelligence and
other new industries, especially into electro-optical industry, with an aim to
become the province's No. 1, China's top 3 and one of the world-renowned
industry landmarks. With the recent establishments by flagship enterprises
including LG New Energy Motor Batteries, Byton Motors and NIO Motors, new
energy brands are gaining more attention and will soon form a unique landmark
of its own inside the Development Zone. While promoting economic growth, the
Development Zone also aggressively explores possible green development models,
scientific formulas and solutions, resources centralization and waste recycle
or segmentation management. All these efforts have resulted in continual
advancement in operational quality, energy conservation and carbon reduction.
The Nanjing Economic and Technological Development Zone has received many
recognitions in these years, including but not limited to, being the State
Sustainable Economy Pilot Zone (??????????), the State Industrial Ecosystem Demo Zone (?????????) and the Best Showcase
of State Economic and Technological Development Zone in Green Development (????????????????).