NANJING, China, Aug. 23 /PRNewswire-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or the "Company") a leading solar cell and module manufacturer based in Nanjing, China, today announced that the following shareholder resolutions were adopted at its annual general meeting of shareholders held in Nanjing on August 19, 2010.
Sunergy's shareholders adopted the following ordinary resolutions proposed by the Company:
1. Re-election of Mr. Xiaoqian Zhou as a Class C director of the Company.
2. Re-election of Mr. Wenze Wang as a Class C director of the Company.
3. Re-election of Mr. Shiliang Guo as a Class C director of the Company.
4. Appointment of the Independent Auditor Deloitte Touche Tohmatsu CPA Ltd.
for the fiscal year 2010; and
5. The directors and either Officers Tingxiu Lu and Zhifang Cai be, and
hereby are, authorized to take any and every action that might be
necessary to effect the foregoing proposals 1 to 4 as such director or
Officer, in his or her absolute discretion, thinks fit.
About China Sunergy Co. Ltd
China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets.
For more information please visit http://www.chinasunergy.com .
For further information contact:
Financial Dynamics
Helen Jing Zhu
Email: Helen.JingZhu@fd.com
Phone: +86-10-8591-1958
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 facts in this announcement are forward-looking statements. These forward-looking statements are based on current expectations, assumptions, estimates and projections about the Company and the industry, and involve known and unknown risks and uncertainties, 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; litigations and other legal proceedings; the economic slowdown in China and elsewhere and its impact on the Company's operations; demand for and selling prices of the Company's 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; future shortage or availability of the supply of raw materials; impact on cost-competitiveness as a result of entering into long-term arrangements with raw material suppliers and other risks detailed in the Company's filings with the Securities and Exchange Commission. 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.
Source: China Sunergy Co., Ltd.
