Hanwha SolarOne to Ring the Closing Bell at NASDAQ on March 4, 2011

SHANGHAI, Feb. 25, 2011 /PRNewswire/ -- Hanwha SolarOne Co., Ltd. ("Hanwha SolarOne" or the "Company") (Nasdaq: HSOL), a vertically integrated manufacturer of silicon ingots, wafers and photovoltaic ("PV") cells and modules in China, today announced members of its board and management team will be ringing the closing bell at NASDAQ on Friday, March 4, 2011 to commemorate the Company's updated brand and new ticker symbol.

Dr. Peter Xie, President and CEO of the Company, commented, "We have come a long way since we first listed as a public company back in December 2006.  The global demand for PV modules is growing at a rapid rate, and we believe our recent partnership with the financially sound and diversified Hanwha Group will add strategic synergies and resources while we expand our scale of operations, strengthen our brand and advance our technology in this environment.  Our new corporate brand reflects the enhanced capabilities and synergies we have with Hanwha, and we are looking forward to celebrating our transformation at the location where our company first hit the global stage back in 2006."

The Company will be hosting a reception with a small group of investors at the NASDAQ MarketSite shortly after the bell ringing to celebrate the occasion and to outline the benefits of the new company structure and branding.  

The following members of management will be in attendance:

• Ki-Joon Hong, Hanwha SolarOne Chairman of the Board and Chief Executive Officer of Hanwha Chemical
• Dong Kwan Kim, Hanwha SolarOne Board Member and Managing Director, Corporate Strategy of Hanwha Corporation
• Wook-Jin Yoon, Hanwha SolarOne Board Member and Chief Operating Officer of Hanwha Group
• Peter Xie, President & Chief Executive Officer
• Gareth Kung, Chief Financial Officer
• Sungsoo Lee, Chief Strategy Officer and Board Secretary
• Bruce Ludemann, Vice President and General Manager, North America

Please contact the names at the bottom of this press release if you would like to be considered for an invitation.

SAFE HARBOR STATEMENT  

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties and actual results may differ materially from such estimates depending on future events and other changes in business climate and market conditions.  Hanwha SolarOne disclaims any obligation to update or correct any forward-looking statements.

About Hanwha SolarOne

Hanwha SolarOne Co., Ltd. (NASDAQ: HSOL) is a vertically integrated manufacturer of silicon ingots, wafers, PV cells and modules. Hanwha SolarOne offers high-quality, reliable products and services at competitive prices. Partnering with third party distributors, OEM manufacturers, and system integrators, Hanwha SolarOne serves the utility, commercial/government, and residential markets.  The company maintains a strong worldwide presence with employees located throughout Europe, North America, and Asia and embraces environmental responsibility and sustainability with an active role in the voluntary photovoltaic recycling program. The Company benefits from its strategic partnership with its largest shareholder Hanwha Group who is active in solar project development and financing and plans to produce polysilicon in the future. For more information visit: www.hanwha-solarone.com.

HSOL-G  

SOURCE Hanwha SolarOne Co., Ltd.

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