NYSE Euronext’s Alternext Welcomes CNPV


Paris, August 14, 2008 – NYSE Euronext (NYX) today announced the listing of China Photovoltaic Group (CNPV), a China-based solar company, on its Alternext Paris market. CNPV, specialized in the production, installation and integration of PV modules for solar panels, raised €5.12 million through a private placement, allowing it to use the direct admission procedure on Alternext. The market capitalization of the company amounts to €60.1 million and the company will be listed under the ticker symbol “ALCNP”.
“We are very pleased to welcome China Photovoltaic Group onto Alternext” said Jean-François Théodore, Deputy CEO, NYSE Euronext. “After China Corn Oil and Huacheng Real Estate, CNPV is the third Chinese company to be listed on Alternext and the eighth to be listed on NYSE Euronext’s European markets. China represents a major development area for NYSE Euronext and our ambition is to continue with our strategy of attracting international companies from fast-growing countries onto our markets and help them grow further.”
 
Mr Zhang Shunfu, CEO of CNPV commented: “Our listing on Alternext is an important step in CNPV’s development. It will give us significantly greater visibility in Europe, a key market for our company’s development strategy thanks to its active solar business. We are seeing that European investors are increasingly concerned about the environment and willing to invest in renewable energy. Our aim now is to continue to grow the company and to meet the increasing demand for solar energy.”
 
“We are delighted that CNPV has successfully listed on Alternext in particularly difficult market conditions. This listing is an excellent opportunity for investors to benefit from the growth in the renewable energy sector, from a strong Chinese economy and from a very professional management team. We are extremely confident in the future of CNPV,” said the management of Invest Securities, Marc-Antoine Guillen & Jean-Emmanuel Vernay, acting as listing sponsor of CNPV.
 
The world photovoltaic market has seen strong growth since 1994 which, given the soaring costs and scarcity of traditional energy sources, looks set to continue. The Group, created in 2006, has laid a solid foundation across the value chain of the solar photovoltaic industry and is well placed to benefit from this expansion.
 
The company plans to use the funds raised to position itself across the entire module production chain, from the production of silicon ingots to the assembly of solar panels. This will enable the company to:
o Boost its development in the growing photovoltaic markets (particularly Europe, US and China)
o Benefit from substantial economies of scale
o Capture margins in the different production phases to lift its margin
The company is additionally seeking to diversify into all types of photovoltaic panels and thin modules which are showing strong growth.
CNPV’s capital is now made up of 5 094 028 shares at a value of €11.80 per share.
The company chose Invest Securities as their listing sponsor and Taylor Wessing as their legal advisor. As listing sponsor, a Euronext-recognised and approved intermediary, Invest Securities’s role was to help and advise CNPV to prepare for its Alternext listing. Invest Securites will carry on providing CNPV with its expertise in order to support and guide them throughout their life as a listed company, ensuring that they comply with disclosure requirements.
 
NYSE Euronext and the Cleantech Sector

NYSE Euronext is a leader in the Cleantech sector with 52 Cleantech companies listed on NYSE Euronext’s European markets (17 on Euronext, 9 on Alternext and 26 on the Free Market), representing an approximate total market capitalization of €40.3 billion.
 
Alternext, launched in 2005, now includes 127 listed companies, including companies from Belgium, Canada, China, France, Italy, Luxembourg, the Netherlands, Spain and the UK. Together, they raised around €1.6 billion and their total market capitalization stands at € 5.6 billion.

Media contacts :



NYSE Euronext
Media Relations :
+33 1 49 27 11 33


Invest Securities
Claude Breuil   +33 1 44 88 77 85
Olivier Claret  +33 1 44 88 77 84

Brunswick
Caroline Nico  
Sandrine Levallois
+33 1 53 96 83 83
  
Tong Zhao 
+ 85 2 35 12 50 00 
 

About China Photovoltaic Group

Founded in 2006, CNPV develops and manufactures solar modules for a wide range of uses ranging from residential to industrial and commercial uses. CNPV is located in Dongying, China with representative offices in Europe and the US.  CNPV plans to position itself rapidly across the entire module production chain from the production of silicon ingots to the assembly of solar panels. CNPV is managed by a highly experienced international team that has more than 20 years of  technological and managerial expertise in the solar energy sector.
 
About NYSE Euronext

NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation.  Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world’s largest cash equities market; Euronext, the Eurozone’s largest cash equities market; Liffe, Europe’s leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms.  NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions.  As the world’s largest exchange group by number of listings and market capitalization, NYSE Euronext is home to over 4,400 listed companies representing a combined $26.7 / 17.1€ trillion (as of June 30, 2008) in total global market capitalization, more than four times that of any other exchange group.  NYSE Euronext’s equity exchanges transact an average daily trading value of approximately $157.0 /102.7€ billion (as of June 30, 2008), which represents more than one-third of the world’s cash equities trading.  NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index.  For more information and free real-time stock prices for all NYSE-listed securities, please visit www.nyx.com.
 
Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
 

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