Unique and Dynamic |
| 1. Perfect blend of Chinese and foreign expertise |
| The Board of Directors, with the exception of Jin Fang Li, are all British citizens and adhere to strict British corporate governance standards. Management on the ground in China, however, with the exception of Paul Eveleigh, is completely Chinese. Honiton believes that being perceived as a local business facilitates the Group’s continuing access to an industry that is increasingly contributing to the future development of China. It has been the Group’s policy to hire Chinese nationals and to develop close relationships with relevant government departments. The Group intends to continue hiring Chinese employees for its operations in China and it is expected that this approach will enhance the Group's existing blend of Chinese and Western business styles and practices as well as maintaining a local, lower cost employment base. |
2. 100% foreign-owned |
| This allows the company to list on any foreign stock market without China Government approvals and without any shareholder restrictions. It also is the perfect vehicle to raise the huge sums of capital required to finance a wind project using investor capital from the West. As a renewable energy provider, Honiton will also enjoy preferential tax treatment from Chinese authorities. |
3. Speed |
| Honiton is focused 100% on wind energy projects. While most wind farms in China have spent several years applying for permits and approvals to proceed, Honiton’s typical approval life-cycle is within 6-9 months. |
4. Sustainability |
| In addition to its primary functions as a corporation, Honiton's primary objective is to help build a cleaner and greener China. Management’s desire to further give back to local communities through creating its own charities further exemplifies its uniqueness among China's energy producers.
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