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The global energy structure is changing,and it is expected that by 2050, the proportion of clean energy in powergeneration will increase from the current 30% to 90%, the proportion of solarand wind energy has reached 70%, and the demand for overseas new energyproducts has skyrocketed. Opportunities continue to emerge. The energy crisishas gradually spread around the world. The price of oil has soared, and theprice of bulk goods has also risen. Overseas markets, especially the Europeanand American markets, have seen significant growth in clean energy products.

The business opportunities in the newenergy industry at the international station are growing rapidly. Householdrooftop photovoltaic, achieving 100% business growth; The wind power generatorcategory saw a 52.7% increase in business opportunities. Among them, Germany,Italy and other European countries have the most significant procurement growthrates. As Europe accelerates its green transformation, the photovoltaicindustries of Spain and Portugal are optimistic about the prospects forcooperation with Chinese companies in the field of solar power generation.

The solar power plant located insouthwestern Spain is the largest operational photovoltaic power plant inEurope, built and operated by the Spanish Electricity Company. It was put intooperation last summer and uses all solar panels from China.

Spain is the second largest solar powergeneration market in Europe. According to a report released by the EuropeanSolar Industry Association at the end of last year, the total installedphotovoltaic capacity in Spain is expected to reach 26.4 gigawatts by the endof 2022, with an additional 7.5 gigawatts added last year alone. Data shows thatin 2022, the EU added 41.1 gigawatts of new photovoltaic installed capacity, anincrease of 47% compared to 2021.

The Secretary General of the SpanishPhotovoltaic Association stated that the quality and cost advantages of Chinesephotovoltaic products are evident to all, Spain mainly imports inverters andphotovoltaic panels from China, which are highly competitive.

Portugal is also a major importer ofChinese photovoltaic products. The CEO of the Portuguese Renewable EnergyAssociation stated that Chinese made photovoltaic panels account for about 85%of the market share in Portugal, and have obtained the highest qualitycertification and recognition from power companies, financing institutions, andothers.

MULTIFIT Company, as a national high-techenterprise in China dedicated to the research and development, production,sales, and photovoltaic power station construction services of green energysuch as solar power generation for over 20 years,we aim to make innovativebreakthroughs, continuously develop high-quality and efficient products toserve users, and lead the formulation of industry standards and high-qualitydevelopment.Focusing on the needs of end users, continuously polishing productsand services, and firmly leading the upgrading and development of thephotovoltaic industry with quality. Committed to becoming a leader inphotovoltaic smart energy solutions, assisting in the transformation of newpower systems, and creating a beautiful zero carbon new world.

The company's products have been exportedto more than 50 countries worldwide, with rich domestic and foreign solarsystem cases. We customize solar systems and their accessories according tocustomer needs. The solar inverter developed by the company has receivedunanimous praise from global customers. Solar inverters, as an indispensablepart of solar power generation systems, are very important, Its main functionis to convert the direct current energy absorbed by solar panels intoalternating current, which can be used by terminals or stored in batteries. Onlythe solar energy processed by the solar inverter can be output and usedexternally. Our company continuously develops and innovates, the inverter hasadvantages such as high conversion rate, low noise, stability and reliability,and rich functions. It also has independent patented technology, which has ahigh cost-effectiveness.

MULTIFIT Company will continue to upholdthe corporate mission of "developing solar energy for the benefit of allmankind", continue to invest in research and development efforts, promoteinnovation and development of photovoltaic technology, continue to provide morecompetitive product solutions and high-quality services to global customers,and contribute wisdom and strength to building a zero carbon world.