China Sunergy Names Chief Strategy Officer

NANJING, China, November 8, 2011 -

- Key Appointment Will Accelerate Global Market Development and CSUN Brand Recognition

China Sunergy Co., Ltd. (Nasdaq: CSUN) a specialized solar cell and module manufacturer, today announced the appointment of Robert A. Rice as its Chief Sales, Marketing & Strategy Officer (CSO) and Vice President of the company, effective September 15, 2011.  

Mr. Rice will report directly to Mr. Stephen Cai, China Sunergy’s CEO, and will oversee corporate international expansion and sales and marketing functions with the aim of expanding CSUN’s global market presence, promoting the CSUN brand, establishing long-term industry partnerships, and recruiting a first class global sales team.

Mr. Rice brings over 25 years’ of business development, sales, marketing, distribution, strategy and management experience to China Sunergy. Before running his own Asia-focused consulting firm, Mr. Rice was President & CEO of Fiat Auto China and Vice Chairman of Fiat’s US$400 million JV Nanjing Fiat Automotive Company, where his initiatives increased monthly sales volumes more than three-fold. Prior to that, Rice spent ten years in sales and senior management roles with General Motors Asia Pacific in Japan and China, including Chief Representative and Country Director for General Motors in China.  Rice also held executive positions with ALCOA Asia, Tokyo for about seven years. He has managed large scale projects in Asia between Chinese, Japanese, Thai and Indian partners and European and North American counterparts.  He excels at leading cross-cultural-multi-functional teams.  His years of experience in the Asia Pacific region provide him a business perspective well suited to building and maintaining enduring, profitable, global partnerships.

Mr. Rice, an American from Seattle, is a speaker and reader of Mandarin Chinese and Japanese.  He earned an MBA - Finance from the University of Washington in Seattle.

Stephen Cai welcomed Rice: “Bob is a talented and experienced senior executive with broad experience across the spectrum of business functions including international sales and marketing. He has a proven track record of dramatically increasing sales, negotiating and developing partnerships, growing product lineups, improving profitability, and leading global teams.  Having someone senior by my side focusing on global growth, establishing partnerships, growing our sales, and driving CSUN’s brand and market development will allow me to spend more time on strategic management of the company, manufacturing, and supply chain management..  We are thrilled to have Bob on board.”

Commenting on his new role, Mr. Rice was enthusiastic: “The PV solar industry is on the cusp of explosive growth and is undergoing a dramatic transformation. Chinese companies like CSUN - with its own proprietary technologies - rank with the world leaders in design and production of quality, high efficiency solar cells and modules which increasingly are in high demand in the domestic Chinese market as well as in international markets in North America, Europe, Asia and elsewhere. I am really looking forward to the challenge of growing China Sunergy’s business and the CSUN Brand across the globe.  Key to our success will be establishing CSUN as a responsible corporate citizen in the local communities in which we will establish our operations.  Also critical to CSUN’s global success is creation of long-term partnerships with various functions within the industry.”  

About China Sunergy Co., Ltd.

China Sunergy Co., Ltd. is a specialized technology company and a manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets. For more information, please visit our website at www.chinasunergy.com.

Investor and Media Contacts:

China Sunergy Co., Ltd.

Elaine Li
Phone: +-86-25-5276-6696
Email: Elaine.li@chinasunergy.com

Brunswick Group

    Hong Kong                             Hong Kong
    Ginny Wilmerding                      Xiaoxiao Nina Zhan
    Phone: +-852-3512-5000                Phone: +-852-3512-5000
    Email: csun@brunswickgroup.com        Email: csun@brunswickgroup.com

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