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Frost & Sullivan Excellence Awards

Congratulations to the recipient of our

2018 Asia-Pacific Solar Power Competitive Strategy Innovation and Leadership Award

August 24, 2018Jerome Baco

Chief Operation OfficerCleantech Energy Corporation Pte Ltd

Dear Jerome Baco,

On behalf of Frost & Sullivan, we are pleased to announce Cleantech Energy Corporation Pte Ltd is the recipient of

2018 Asia-Pacific Solar Power Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices awards have identified and honored best-in-class companies that have demonstrated excellence in their respective industries. Award recipients were identified based on in-depth interviews, analysis, and extensive secondary research conducted by Frost & Sullivan's analysts. Companies are typically studied on their revenues, market share, capabilities, and overall contribution to the industry in order to identify best practices.

For the Asia-Pacific Solar Power Competitive Strategy Innovation and Leadership Award, Frost & Sullivan analysts independently evaluated key benchmarking criteria:

Criterion 1: Strategy EffectivenessCriterion 2: Strategy ExecutionCriterion 3: Competitive DifferentiationCriterion 4: Executive Team AlignmentCriterion 5: Stakeholder Integration

With strong overall performance, Cleantech Energy Corporation Pte Ltd has earned the 2018 Asia-Pacific Solar Power Competitive Strategy Innovation and Leadership Award. We also recognize that your receipt of this award is the result of many individuals (employees, customers and investors) making daily choices to believe in the organization and contribute in a meaningful way to its future.

Once again, we congratulate you on your achievements and wish you great success in the future. We are here to support you on any future endeavors.

Thank you,

Your Sincerely,

Ravi KSenior Vice PresidentFrost & Sullivan