NANJING, China, Feb. 1 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. (“China Sunergy”) (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today its current Vice President of Financing and Investor Relations, Fischer Xiaodong Chen, has left the Company effective 31 January 2008 to pursue new challenges. A permanent replacement has yet to be identified although the Company has initiated a search to fill the position. In the interim the Company will be supported by FD, its external investor relations firm.
Dr. Allen Wang, CEO of China Sunergy, commented: “Fischer has made an enormous contribution to China Sunergy during his 18 months with us and I am sad to see him go. During his time here Fischer worked tirelessly to help investors better understand the company, and contributed valuable corporate finance and capital markets guidance to the management team. I wish him the very best for the future.”
About China Sunergy Co. Ltd.
China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") is a leading manufacturer of solar cell products in China as measured by production capacity. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please visit http://www.chinasunergy.com .
For further information, please contact:
Financial Dynamics
Julian Wilson
Tel: +86-10-8591-1951
Email: julian.wilson@fd.com
Peter Schmidt
Tel: +86-10-8591-1953
Email: peter.schmidt@fd.com
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the company’s ability to raise additional capital to finance the company’s activities; the effectiveness, profitability, and the marketability of its products; the future trading of the common stock of the company; the ability of the company to operate as a public company; the period of time for which its current liquidity will enable the company to fund its operations; the company’s ability to protect its proprietary information; general economic and business conditions; the volatility of the company’s operating results and financial condition; the company’s ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the company’s filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
