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S.A.G. Solarstrom AG: Shunfeng Group takes over operative business and assets of S.A.G. Solarstrom AG - Seite 2

as CEO".

As a photovoltaic specialist, the S.A.G. Solarstrom Group has, in
particular, many years of expertise in the planning, construction and
operation of photovoltaic power plants, including monitoring and
maintenance. As part of the growth strategy, it is anticipated that new
jobs will be created and the future company location of Merzhausen will
function as the European headquarters. "It was our goal to find a strong
international partner to take over the Group with all its business areas,
with whom we would be able to continue to expand our offer along the entire
photovoltaic value-added chain and implement our plans for growth", says
Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. "And we have succeeded. For
the new company, we envisage substantial growth prospects, both in the
European and in the international market, and very much look forward to our
further collaboration".

New European headquarters in Merzhausen - management will remain on board

The new company, in which the other European activities of Shunfeng are
also to be bundled, will move to the planned office building in Merzhausen
in mid-2016, according to the current state of planning. S.A.G.'s
management will remain in a managerial capacity in the new company.
Although the acquisition by SF Suntech might be subject to the approval of
the SF-PV shareholders, the release of securities and to merger clearance
checks, the insolvency administrator and the contractual partners are
anticipating that the transaction can be concluded within the next six to
eight weeks. "In 2015, we can start up once again with international plant
construction. New business was put on hold up to now due to the insolvency
proceedings", explains Kuhlmann.

Important milestones in the insolvency proceedings

In December 2013, S.A.G. Solarstrom AG filed for insolvency due to delayed
cash inflow in the amount of EUR20 million. With the transferred
reorganization scheme through the sale to SF Suntech, the insolvency
administrator Dr. Jörg Nerlich from Görg Legal Offices, Cologne, achieved
the most important milestone - the Group will be continued, the jobs will
remain secured and the Group's creditors, including the holders of the two
corporate bonds, are expected to receive an above-average quota of almost
50% on their receivables, whereby the quota might be considerably above or
below this value, depending on the actual result. "This is the result of
excellent cooperation with S.A.G.'s management, for which I would like to
express my sincere thanks", says Dr. Jörg Nerlich. "Projects have been