AlphaESS Receives a 40 million RMB Capital Injection

Alpha ESS Co., Ltd., ("AlphaESS") one of the international high-tech companies focusing on providing advanced energy storage products and smart energy management services, today announced that it has signed strategic investment agreement with Eve Energy, China Aviation Industrial Fund (CAIF) and Minmetals International Trust raising 40 million Chinese RMB (6.2 million USD) in capital.

The successful completion of capital raised, enables AlphaESS to leverage resources to enhance competitive edge in both upstream and downstream industrial chain and explore the global expansion strategy further. Meanwhile, it also demonstrates the confidence and vision in green energy storage from stakeholders at large.

AlphaESS, founded in 2012, has spread its business throughout China, Europe, Australia and many other countries in the world. With years of experience in green energy and lithium battery industries, the AlphaESS team has been dedicated to providing users with smart energy storage solutions by setting up subsidiaries in Germany and Australia, and continually exploring sales channels.

Since the launch and batch production of household Li-ion battery storage system in 2014, AlphaESS was awarded as top 10 at ees Award  Ceremony at Intersolar Europe 2015 in Munich, and nominated as the only Chinese company competing at the same level with the likes of tech giants Samsung.

With this funding, AlphaESS will continue development and market expansion by launching the new products of Storion-T5, used for three phase homes, and Storion-ECO, aimed at small and medium sized residential customers.

With an ever-expanding product range AlphaESS can satisfy the full range of customer needs. AlphaESS and her dedicated Research and Development team work tirelessly to develop new products in reaction to market needs.

About New Shareholders:

Eve Energy Co., Ltd. (Eve) - Founded in 2001, specialises in the design, development and manufacturing of high-energy lithium batteries. In 2009, Eve became the first lithium battery manufacturer to be listed on Shenzhen's Growth Enterprise Market stock exchange. Eve, holding a total of 325 national patents for technology and innovations, has established smart energy internet fund, lithium battery investment, new energy automotive electronics, energy networking, and smart terminal industries.

China Aviation Industrial Fund (CAIF) - First approved national aviation industry fund investment, covering high-tech equipment manufacturer, renewable energy, new materials and other strategic industries. Investing in Longi, leader in manufacturing monocrystalline silicon for solar panels. CAIF is a shareholder in GCL System Integration Technology Co., Ltd.

Minmetals International Trust (Min Trust) �C Founded in 2010, Min Trust is a non-bank financial institution focusing on providing trust services. Min Trust is a subsidiary of China Minmetals Group, a FortuneGlobal500 company.