China Sunergy

Reaches 2Q high end shipment guidance beating high end gross margin expectations

China Sunergy Co., Ltd. a specialized solar cell and module manufacturer based in Nanjing, China, announced today its financial results for the second quarter of 2010.

Second Quarter Financial Results

China Sunergy Co., Ltd. a leading solar cell and module manufacturer based in Nanjing, China, today announced updates regarding the Company's dispute with REC Wafer Norway AS.

In response to the recent Norwegian District Court ruling on July 5th, 2010 in favor of REC Wafer, China Sunergy is considering an appeal against the ruling.

Mr. Fang Yang's Resignation

China Sunergy Co., Ltd. (Nasdaq: CSUN) a leading solar cell and module manufacturer based in Nanjing, China, today announced that Mr. Yang Fang has resigned from his position as Vice President and General Manager of Operation Division due to personal reasons.

Yang Fang's resignation from China Sunergy is effective from July 1, 2010.

About China Sunergy Co. Ltd.

China Sunergy Co., Ltd. (Nasdaq: CSUN) a leading solar cell and module manufacturer based in Nanjing, China, today announced an update regarding the Company's recently announced acquisition of two module manufacturers, CEEG (Shanghai) Solar Science & Technology Co., Ltd. and CEEG (Nan Jing) New Energy Co., Ltd.

In the interest of seeking maximum value for shareholders, the Company has entered into a renegotiation process as concern over the two targeted companies' margin performance arises due to recent economic fluctuation.

China Sunergy Co., Ltd. (Nasdaq: CSUN) a leading solar cell and module manufacturer based in Nanjing, China, today announced several updates regarding Company expectations for the year 2010.

China Sunergy anticipates gross margin will be between 15% and 18%, prior to the completion of the acquisition of two module manufacturers, with conversion cost reducing to USD0.20/watt by the end of the year, as production efficiencies continue to be realized.

Sunergy Co., Ltd. (Nasdaq: CSUN) a specialized solar cell and module manufacturer based in Nanjing, China, announced today that Mr. Stephen Zhifang Cai, China Sunergy's CEO, was appointed to the Company's Board of Directors effective April 27th, 2010.

"We are pleased to welcome Stephen to the Board of Directors, and I look forward to working closely with him as both our CEO and member of the Board," commented Mr. Tingxiu Lu, Chairman of China Sunergy.

About China Sunergy Co., Ltd.:

China Sunergy Co., Ltd. (Nasdaq: CSUN) a specialized solar cell and module manufacturer based in Nanjing, China, announced today its financial results for the first quarter of 2010.

First Quarter Financial Results

• Revenues were US$104.3 million, representing a 181.9% and 6.9% increase compared to the first quarter of 2009 and the fourth quarter of 2009, respectively. Revenues generated from solar cell sales were US$91.7 million, representing a 166.6% and 3.3% increase compared to the first quarter of 2009 and the fourth quarter of 2009, respectively.

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today an agreement to acquire 100% of the shares of two related module manufacturers, CEEG (Shanghai) Solar Science & Technology Co., Ltd and CEEG (Nan Jing) New Energy Co., Ltd.

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced the appointment of Mr. Stephen Zhifang Cai as Chief Executive Officer. Mr. Allen Wang, China Sunergy's former CEO, tendered his resignation from the Company for personal reasons.

Reports Fourth Quarter and Full Year 2009 Shipments of 74.3 MW and 194.0 MW Respectively, Achieving Guidance Expectations

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

Fourth Quarter Financial Results