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 its Chinese subsidiary, LDK Solar Hi-Tech (Nanchang) Co., Ltd. ("LDK Solar Nanchang"), has signed a new module supply agreement with Shanghai SNERDI Engineering Consulting & Management Co., Ltd., a leading EPC company in China owned by State Nuclear Power Technology Corporation ("SNPTC").
Under the terms of the agreement, LDK Solar Nanchang will provide modules totaling 60.5 megawatts to SNPTC with shipments commenced recently in connection with a solar project in Xinjiang, China.
"We are pleased to enter into this new agreement with SNPTC," stated Xingxue Tong, Interim Chairman, President and CEO of LDK Solar. "Through provision of our modules to SNPTC for their project in Xinjiang, we continue to demonstrate our commitment to our customers not only in the international markets but also in China's home market," concluded Mr. Tong.
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.
