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AJ Greentech Holdings Acquire 12% Equity of a Subsidiary of Taiwan Solar Energy Co., Ltd. and Will Jointly Build U.S. Electric Car Manufacturing Base and Solar Farms to Generate and Promote Green Energy and Renewable Energy Agriculture in the United State

NEW YORK, NY and TAICHUNG, TAIWAN -- (Marketwired) -- 03/07/14 -- AJ Greentech Holdings, Ltd. (OTCQB: AJGH), a leading developer, manufacturer and distributor of green energy, announced today that it has acquired 12% equity share of Gao-Ping Solar, a subsidiary company of Taiwan Solar Energy Co., Ltd., a leading company in the field of Electric Car and Renewable Energy in Taiwan.

After the acquisition, AJ Greentech and Taiwan Solar Energy will jointly build U.S. electric car base and solar farms in the states of New York and Nevada. Both parties agree to encourage and promote cooperation in the field of IPP (independent power producer) projects for solar power generation. The two companies have also planned future project developments in EPC (engineer, procure, construct), O&M (operation and maintain), consultation offering, and related information exchange and expertise.

Ms. Chu Li An, CEO, publicly stated, "This is a monumental step forward for us. A 12% equity acquisition of Taiwan Solar Energy Co., Ltd is only the beginning. This symbiosis of marketing force and technology offered by Taiwan Solar Energy, coupled with the strong research and market value of AJ Greentech will make us a prominent force in the field of green technology and many future R&D endeavors."

About Taiwan Solar Energy Co., Ltd.: Taiwan Solar Energy Co., Ltd. (TSE) takes the responsibility for protecting the Earth with advancing New Energy businesses and technologies. Therefore TSE has coined the term "New Energy Agriculture" as part of its mission statement. Their major investment at this stage focuses on the Projects of New Energy Agriculture Farms, large New Energy Power Plants, Power Plants of BIPV in Cities, and expansive Power Nets Reserved and Energy Storage Systems. With its "beneficial for the common good" attitude, TSE believes that creating techniques in New Energy and rewarding all people has been the company's driving force. Senior professionals, consultants and many intro-national & international partners realize that efficient investments of all projects will yield excellent rewards. TSE expects to become professional leaders in the field of Global New Energy and New Energy Agriculture. Additional information about the company is available at: http://www.twsolarenergy.com/en

About AJ Greentech Holdings: AJ Greentech Holdings is a full-service environmental technologies and R&D firm dedicated to providing innovative solutions to communities, industries and governments addressing the issues of green energy, environmental protection and sustainability. It offers innovative solutions for Green Transportation, Green Energy and Sustainability. AJ Greentech integrates its own native advanced technologies along with third-party technologies and systems to provide its customers with the most effective and economical solutions. Additional information about the company is available at: www.ajgreentech.com.

Forward-Looking Statements: This release contains certain "forward-looking statements" relating to the business of the Company. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

US CONTACT INFO:
NEWS RELEASE DEPARTMENT
AJ Greentech Holdings Ltd.
718-395-8706

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