New supply deal sets LDK Solar on course for 7,000 ton polysilicon target in 2008

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LDK Solar Co., Ltd has signed contracts to supply multicrystalline
solar wafers and to purchase polysilicon production equipment from
Sunways AG. LDK Solar will deliver approximately 1 GW of
multicrystalline solar wafers to Sunways over a ten-year period
starting in 2008. 
“Securing solar wafer supplies is an imperative component to the
successful growth of our company,” stated Roland Burkhardt, CEO of
Sunways. “We are excited to enter this agreement with LDK Solar, a
leading supplier of high quality solar wafers.”

As
part of the agreement LDK Solar will purchase two readily available
Siemens technology-based reactors and related plant equipment from
Sunways. In addition, Sunways AG will provide support services to LDK
Solar during the facility construction and the ramp-up of polysilicon
production.

“The equipment purchase agreement with Sunways AG
further bolsters our confidence in LDK Solar’s ability to meet the goal
of ramping polysilicon production in 2008,” commented Xiaofeng Peng,
Chairman and CEO. “We are pleased to continue to build our
infrastructure by securing readily available polysilicon reactors from
Sunways to serve as an additional training resource for our engineers
and operators as we ready our facilities for polysilicon production of
our previously announced 15,000 ton polysilicon plant. With this new
additional project, we expect to raise our polysilicon capacity to
7,000 tons by the end of 2008 and 16,000 tons by the end of 2009.”

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