China Sunergy Announces ADS Ratio Change

NANJING, China, Dec. 6, 2011 /Solar Energy News/ -- China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or the "Company"), a specialized solar cell and module manufacturer, today announced that the ratio for its American Depositary Shares (the "ADS") representing ordinary shares of the Company ("Shares") will change from one (1) ADS representing six (6) Shares to one (1) ADS representing eighteen (18) Shares (the "Ratio Change"). The effective date is expected to be on December 21, 2011.

Pursuant to the Ratio Change, the record holders of the Company's ADS as of  the effective date will be entitled to receive one (1) new ADS, each representing eighteen (18) Shares, in exchange for every three (3) ADSs held by them.  No new Shares will be issued in connection with the Ratio Change. JPMorgan Chase Bank N.A. will contact ADS holders and arrange for the exchange of their current ADSs for new ADSs.   As a result of this Ratio Change, the ADS price is expected to automatically increase proportionally. The Company can give no assurance, however, that the post-change ADS price will be equal to or greater than the pre-change ADS price multiplied by the ratio.