LDK Solar Announces New Module Sales Agreement

LDK Solar CO., Ltd. in provisional liquidation (“LDK Solar” or the “Company”) today announced that its Chinese subsidiary, LDK Solar Hi-Tech (Nanchang) Co., Ltd. (“LDK Solar Nanchang”), has signed a new module supply agreement with Ningxia Hui Autonomous Region Electric Power Design Institute, a leading EPC company in China and owned by Power Construction Corporation of China. Under terms of the agreement, LDK Solar Nanchang will provide modules totaling 30.6 megawatts for a solar project in Ningxia with shipments commencing immediately.

"We are pleased to enter into this new agreement with Ningxia Hui Autonomous Region Electric Power Design Institute," stated Xingxue Tong, Interim Chairman, President and CEO of LDK Solar. "With this solar project in Ningxia, we reiterate our commitment to our customers in the China domestic market and in the international markets" 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.

Source: LDK Solar CO., Ltd/ldksolar.com