The Applicant is XINA SOLAR ONE (RF) (PTY) LTD (“the Applicant”), duly formed and incorporated in terms of the Company Laws of the Republic of South Africa as a ring-fenced profit company and is in terms of Section 8(2)(b) and 11(3)(b) of the Companies Act No 71 of 2008 (“the Act”) categorized as a ring-fenced private company.