Hanergy enters into equipment sales contracts

CHINA: Reference is made to the circular of the Hanergy Holding dated 12 December 2013 in relation to, among others, the entering into the 2010 supplemental sales contract and the 2011 supplemental sales contract with Hanergy Holding to allow the Group to deliver turnkey lines with new technologies (including, but not limited to the CIGS technology) for the production lines to be delivered to the Hanergy Group under the 2010 sales contract and 2011 sales contracts.

Unless the context requires otherwise, capitalised terms used herein shall bear the same meanings as defined in the Circular. The 2010 supplemental sales contract and the 2011 supplemental sales contract are duly approved by the independent shareholders at the SGM held on 31 December 2013.

The company announced that on 22 January 2014, the Group has entered into two equipment sales contracts and two service contracts with Hebei Caofeidian Hanergy Photovoltaic Co. Ltd, the assigned company by Hanergy Holding, for the provision of a total 600MW CIGS thin film solar manufacturing turnkey lines, of which consist

(i) an equipment sales contract and a service contract to apply the MiaSolé CIGS technology for a CIGS turnkey line with capacity of 300MW; and

(ii) an equipment sales contract and a service contract to apply the Solibro CIGS technology for another CIGS turnkey line with capacity of 300MW.

The Caofeidian Contracts are entered under the 2011 sales contracts.