LDK Solar Subsidiary Signs Wafer Supply Agreement with Solartech Energy Corporation

Apr 25, 2014, 03:15 ET from LDK Solar Co., Ltd.

GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., April 25, 2014 /PRNewswire/ -- LDK Solar Co., Ltd. in provisional liquidation ("LDK Solar" or the "Company") and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that its Chinese subsidiary, Jiangxi LDK Solar Hi-Tech Co., Ltd. ("Jiangxi LDK Solar"), has signed a wafer supply agreement with Solartech Energy Corporation, a Taiwanese company listed on the Taiwan exchange with solar collection manufacturing operations.  Under the terms of the agreement, Jiangxi LDK Solar will provide wafers totaling 765 megawatts with shipments commencing in May 2014 through April 2017.

Cautionary Note Regarding Forward-Looking Statements

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, uncertainties relating to the ability of Company to successfully restructure its debt obligations, and other risks and uncertainties disclosed in LDK Solar's filings with the 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 Solartech Energy Corporation

Founded in May 2005, Solartech Energy Corp. (Solartech) was established on the premise of creating a sustainable business that also provided green energy to the world. Solartech is involved in the business of research, development, and manufacturing of high efficiency solar cells.  With an enterprising and pioneering spirit, Solartech strives to provide clean power to the world by expanding its services that facilitate the growth and expansion of photovoltaic projects while ensuring high quality products and developing cutting-edge technologies.  For more information about Solartech Energy Corp., please visit http://en.solartech-energy.com.  

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.

For more information contact:

Company in provisional liquidation

Lisa Laukkanen

The Blueshirt Group for LDK Solar



Jack Lai

Executive VP and CFO

LDK Solar Co., Ltd.



Provisional Liquidators

Tammy Fu

Zolfo Cooper (Cayman) Limited

Cayman Islands

Eleanor Fisher

Zolfo Cooper (Cayman) Limited

Cayman Islands



Financial Advisor to Company (in provisional liquidation)

Augusto King

Jefferies LLC


Steven Strom

Jefferies LLC


Richard Klein 

Jefferies LLC


Legal Advisors to Company (in provisional liquidation)

Thomas Albrecht

Sidley Austin


Timothy Li

Sidley Austin


Guy Manning



Mark Goodman



SOURCE LDK Solar Co., Ltd.