China Sunergy: New Chief Financial Officer

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NANJING, China - China Sunergy Co., Ltd. (CSUN), a specialized solar cell and module manufacturer, announced that Yongfei Chen has tendered his resignation of the Chief Financial Officer for personal reasons. Mr. Chen's resignation will be effective from October 31, 2014.

Mr. Shiliang Guo, has been appointed as Acting Chief Financial Officer effective from November 1, 2014. Mr. Guo has been a director of China Sunergy since May 2009 and he has been the chief financial officer of China Electric Equipment Group Co., Ltd. (or "CEEG"), one of the related companies of China Sunergy since October 2004. He received a bachelor's degree in finance from Suzhou University in 1984 and obtained the qualification of PRC Certified Public Accountant in 1993.

"We sincerely thank Mr. Chen for his great contributions to the Company, particularly at a time when the solar sector went through tremendous changes and tough challenges," Mr. Tingxiu Lu, Chairman and CEO of China Sunergy commented. "We welcome Mr. Guo to join our management team, and we believe his knowledge of the industry and the Company, his experience in finance and accounting, will make great contribution to our future success," he added.

Mr. Shiliang Guo previously served as the Acting CFO of the Company from May to October in 2009.  Upon the appointment of Acting Chief Financial Officer, Mr. Guo will resign from all executive positions in CEEG.

About China Sunergy Co., Ltd.

China Sunergy Co., Ltd. (CSUN) designs, manufactures and delivers high efficiency solar cells and modules to the world from its production centers based in China and Turkey. China Sunergy also invests in high potential solar projects. Founded in 2004, China Sunergy is well known for its advanced solar cell technology, reliable product quality, and excellent customer service.
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