China Sunergy

Third Quarter Revenues of US$80.1 million; Achieves Upper Range of Guidance with 54.4 MW in Shipments; Gross Margin Improves to 10.2%; GAAP Net Income of $7.8 million

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today its financial results for the third quarter of 2009.

Third Quarter Financial Results

China Sunergy Co., Ltd (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced that it will report financial results for its third quarter ended September 30, 2009 on November 18, 2009 prior to US market open.

Following the earnings release, China Sunergy will host a conference call at 7:00 a.m. Eastern Time or 4:00 a.m. Pacific Time (Beijing / Hong Kong Time: November 18, 2009 at 8:00 p.m.). The management team will be on the call to discuss results and highlights of the quarter and answer questions.

China Sunergy Co., Ltd (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, and Opsun Technologies, Inc., a Canadian manufacturer of solar panels, mounting systems and solar concentrators ("Opsun"), have entered into a framework agreement related to the delivery of China Sunergy solar products to Opsun between 2009 and 2014.

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today that it has appointed Mr. Siegfried Yi Chou Hsu as Chief Financial Officer with immediate effect. Mr. Shiliang Guo, the acting CFO of China Sunergy, has resigned from the acting CFO position while remaining a Director.

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today that the Court in Norway has granted an extension of the injunction against REC Wafer Norway AS relating to certain bank guarantees.

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, has delivered a petition for an extension of the existing injunction related to the REC Wafer situation to the Norwegian court, as well as filing a legal writ regarding the legal status of REC Wafer Norway AS as a rightful party to any existing contract.

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, has provided additional insight regarding the injunction granted by the Salten District Court in Norway related to the ongoing proceedings with REC Wafer.

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today that it has initiated legal action with respect to bank guarantees related to its June 2008 supply agreement with REC, under which REC would start its performance from Jan 1, 2009 onwards.

In response to China Sunergy's filing, the court in China has issued a ruling and served to the China representative office of Nordea Bank, and the related Chinese banks respectively, suspending the payment of an aggregate amount of USD50 million in bank guarantees.

Agreement Continues China Sunergy's Expansion into New Solar Markets

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced that it has signed a series of sales contracts with NUE PTY Ltd ("NU Energy"), a photovoltaic firm based in Victoria, Australia.

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today that it has entered into the renegotiation with the counterparty regarding to a June, 2008 supply agreement signed with REC SiTech AS.