LDK Solar Announces NYSE Review Decision and Hong Kong Convening Order

GEORGE TOWN, Cayman Islands and XINYU CITY, China and SUNNYVALE, Calif., Sept. 26, 2014 /PRNewswire/ -- LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar" or the "Company") and its Joint Provisional Liquidators ("JPLs"), Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, today announced that The NYSE Regulation, Inc. Board of Directors' Committee for Review (the "NYSE Committee") affirmed on September 22, 2014 the delisting decision of the staff of the NYSE Regulation, Inc. with respect to the Company's American depositary shares formerly listed on the New York Stock Exchange. The NYSE Committee's decision follows a review of submissions made by the Company and a hearing with the NYSE Committee on September 9, 2014 attended by the Company and its advisors.The ADSs will remain being quoted on the OTC Pink Limited Information until the Company qualifies for listing on an alternate stock exchange.

In addition, upon the application of the Company (acting by the JPLs) and its subsidiaries, LDK Silicon & Chemical Technology Co., Ltd. and LDK Silicon Holding Co., Limited (together the "Hong Kong Scheme Companies"), by originating summonses filed on September 11, 2014 to the High Court of Hong Kong (the "Hong Kong Court"), the Hong Kong Court made an order dated and filed on September 23, 2014 to direct the Hong Kong Scheme Companies to convene the class meetings of their creditors on October 16, 2014 (starting at 8:40 p.m.), Cayman time, and October 17, 2014 (starting at 9:40 a.m.), Hong Kong time, to vote on the Hong Kong schemes of arrangement. The Hong Kong Court is currently scheduled to hear the petition in respect of the Hong Kong schemes of arrangement on November 7, 2014, at which hearing the Hong Kong Court will determine whether or not to sanction the Hong Kong schemes of arrangement.

Creditors of the Hong Kong Scheme Companies are invited to review the Scheme Website at http://ldksolar-provisionalliquidation.com where further details of the schemes of arrangement may be found, including details of how to vote at the meetings referred to above, copies of the schemes of arrangement, the explanatory statement, and the solicitation packets.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including risks and uncertainties disclosed in LDK Solar's filings with the U.S. Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date such information was prepared and on its expectations, assumptions, estimates and projections as of such date. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.

About LDK Solar in provisional liquidation

LDK Solar Co., Ltd. in provisional liquidation is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar, through its operating subsidiaries, manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's subsidiary office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.

SOURCE LDK Solar Co., Ltd.