Date: August 24, 2023

To: Mr. Huang Bingnan - JBDM CONSTRUCTION OPC

Subject: Intent to Develop a Solar PV System thru ePSA or Joint Venture by Seeking a Funder

Dear Mr. Huang,

Greetings!

ENEP – Empire New Energy Philippines Corp. is a cooperation between Filipino partners and
SuZhou Empire New Energy Ltd which has an objective of establishing of being a product and solution
provider, trader and marketing arm of Empire New Energy in the Philippines. It will be an extension
where all the products and related parts produced by Empire can be sold and provided to Philippine
market. The main product is the solar module with all related accessories to build and implement solar
power supply to prospective customers. The initial target is to market 10MW to 20MW of module in a
span of twelve (12) months to twenty-four (24) months within the Philippines. Putting it into
perspective, this is equivalent to 30,000 to 60,000 of solar panel of 335w.
Registration Nos.
SEC No: CS201910228
OCN: 1RC0001260345
TIN: 010-353-142-000
Mayor’s Permit No: 2020-00142

With the company’s Solar PV experience and expertise, we would like to express our INTEREST TO DEVELOP
A SOLAR POWER PLANT to our customer mostly electricity distribution utility here in the Philippines through
ePSA or embedded Power Supply Agreement or Joint Venture by your funds, here the benefits to the
operator of the Solar Farm.

· Zero Capital Expense

· Free Operation and Maintenance up to 25 years
· Lowest Rate in the market, lower than your RES supplier
· Fixed Rate or Variable Rate options (rate is per kwhr fixed/variable)
· Flexible Term Contract
· Advanced Solar Energy Technology and All Tier 1 Components
In line with this, we would like to request a meeting at your convenience to discuss about this intent.
We look forward to meeting with you very soon! Thank you and keep safe.

Best regards,

John Almirañez
President & CEO
ENEP Philippines Corp