Negotiated in 2012 and announced in 2013, AFT has formed a Joint...

Negotiated in 2012 and announced in 2013, AFT has formed a Joint Venture with the Guangri Group Company (GRI). • GRI is a Shanghai Listed Major industrial group company with interest in renewable energy: 1. the biggest incineration power plant in Guangzhou; 2. the state-of-art LED lighting R&D and production facilities in Guangzhou; 3. Four(4) Industrial Parks (factory buildings) with the potential of 20mw small utility project (called Micro-grid Solar Power Plants - MSPP - in China). • GRI has partnered with AFT based on our: 1. Technical capabilities: design, testing and system integration of MSPPs; 2. Project development and project management skills and experience; and the 3. Opportunity to develop MSPPs across Greater China and Southeast Asia. • The JV is developing MSPPs in Guangzhou then expanding to across Greater China leveraging GRI’s sales network in 50 cities. The JV is currently working on a pipeline of MSPP projects worth approx A$10m to AFT.

what happened!