NEFIN establishes rooftop solar partnership with The Park Lane Hong Kong, a Pullman Hotel

10,493 kWh of clean energy to be generated per year

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HONG KONG, CHINA - Media OutReach - 28
October 2020 – Leading bespoke solar developer and asset management company NEFIN
Solar Asset Limited (“NEFIN”), a member of the NEFIN Group, is very pleased
to announce the strategic rooftop solar PV partnership with The Park Lane Hong
Kong, a Pullman Hotel under the Accor Hotels Group (“Park Lane Hotel”),
participating the Feed-in Tariff Scheme by Hong Kong
Electric. This marks NEFIN’s first rooftop solar partnership with a major hotel
group, with its hotel located in the heart of the city.

NEFIN and Park Lane Hotel completed the first phase of the solar energy
collaboration project with the installation of the solar panels on
the hotel’s rooftop. The solar PV system will collectively generate 10,493 kWh of clean
energy per year, off-setting approximately 8,499 kg of carbon emissions
annually.

This partnership adds another feather to NEFIN’s
cap in its vision to achieve carbon neutrality for corporates and working
towards a sustainable future. Park Lane Hotel is recognized for its high-quality
accommodation and services, but it also has a track record of contributing to environmental
and socially responsible causes, ranging from food rescue and assistance to
organizing activities for the disabled.

Mr Raymond Choi, Director of Rooms and Brand
Compliance, Park Lane Hotel said: “At our hotel, we understand that we are ultimately part of a
wider community. Everyone has to do their part. We are proud to be part of this
partnership with NEFIN and believe that embracing solar energy will help create
a more sustainable Hong Kong. Solar energy has proven one of the most effective
forms of renewable energy, and we look forward to setting a positive example in
our industry going forward.”

Mr Glenn Lim, CEO of NEFIN,
said: “Park Lane Hotel is our first international hotel group
collaboration.  The hospitality industry
is an energy intensive industry. A well-designed solar PV system can
efficiently and reliably reduce energy costs, contributing to the overall
corporate sustainability mission. At NEFIN, this aspect of our vision is simple
and clear: if every building in the city installs a good quality rooftop solar PV
system, humanity can benefit from increased solar power (clean energy) production,
less pollution and lower carbon emissions. We look forward to further
collaboration opportunities in the hospitality industry.”

Despite the
challenges of the pandemic, NEFIN entered into several solar partnerships and
completed projects around the region, including a joint venture with Petronas
New Energy to power Tesco stores around Malaysia and the signing of PPA with
China-based XSD International to provide solar solutions to its Kedah site. More
announcements of solar projects will be made in the coming weeks.

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About NEFIN Group

Founded by core management team of DuPont Solar Business, legal expert
and investment bankers, NEFIN Group has collectively delivered over 300MW of
utility-scale, commercial and industrial rooftop solar systems regionally. The
mission of NEFIN is about achieving carbon neutrality for companies. The group
offers consulting services such as due diligence, feasibility studies and
lender-technical advice on top of project development, system design,
engineering and asset management. NEFIN Group also offers flexible financing
options to partners who opt for zero investment. Please refer to NEFIN’s
website www.nefinco.com for more information.

About Park Lane Hotel

Located in the heart of Causeway Bay, The Park Lane Hong
Kong, a Pullman Hotel, offers 818 well-appointed rooms and suites (the most
spacious in town), with breath-taking views of the city landscape, Victoria
Park and Victoria Harbour. The Hotel features two restaurants and a bar,
including the much-praised SKYE.