LDK Solar Announces New Module Supply Agreement

GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., Oct. 10, 2014 /PRNewswire/ -- LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar" or the "Company") and its joint provisional liquidators ("JPLs"), Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, today announced that its Chinese subsidiary, LDK Solar Hi-Tech (Nanchang) Co., Ltd. ("LDK Solar Nanchang"), has signed a new module supply agreement with Shanghai SNERDI Engineering Consulting & Management Co., Ltd., a leading EPC company in China owned by State Nuclear Power Technology Corporation ("SNPTC"). Under the terms of the agreement, LDK Solar Nanchang will provide modules totaling 60.5 megawatts to SNPTC with shipments commenced recently in connection with a solar project in Xinjiang, China.

"We are pleased to enter into this new agreement with SNPTC," stated Xingxue Tong, Interim Chairman, President and CEO of LDK Solar. "Through provision of our modules to SNPTC for their project in Xinjiang, we continue to demonstrate our commitment to our customers not only in the international markets but also in China's home market," 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.

About LDK Solar in provisional liquidation

LDK Solar Co., Ltd. in provisional liquidation is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar, through its operating subsidiaries, manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's subsidiary office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.

About State Nuclear Power Technology Corporation

State Nuclear Power Technology Corporation, or SNPTC, a nuclear power technology group, was founded on May 22, 2007 and is one of the 53 key state-owned enterprises under the administration of the PRC Central Government. SNPTC has been dedicated to the in-depth research and design of state-of-the-art nuclear power technology and to the development and deployment in such areas as related equipment and materials manufacturing, project management, operation and service.

SOURCE LDK Solar Co., Ltd.

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