ET Solar Announces a 50MW Module Supply Agreement with PM Service

NANJING, China, November 24, 2010 - ET Solar, a Nanjing-based PV system turnkey solution service provider and
integrated manufacturer of downstream PV products, today announces a large
annual module supply agreement with PM Service Srl. (PM Service). Under the
agreement, ET Solar will supply 50MW of mono and multi-crystalline PV modules
to PM Service in 2011.

Headquartered in Florence, PM Service is a fast growing PV product
distribution and consulting company with an extensive national sales and
marketing network in Italy. ET Solar has been PM Service's major PV module
supplier for about 3 years and this agreement has the largest annual supply
volume.

Mr. Dennis She, Chief Executive Officer of ET Solar, commented, "The
transaction is an important step to take our relationship with PM Service to
the next level. Over the past three years, ET Solar and PM Service were very
successful with the co-marketing strategy to grow our market share in Italy.
We look forward to replicating our past success as we enter into 2011 when
the Italian PV market development intensifies."

Mr. Massimo Innocenti, Chairman of PM Service, commented, "As one of the
leading PV product distributors in Italy, we view supplier relationship as a
critical factor to our growth. With an excellent track record with ET Solar,
we have strong convictions that we will continue to strengthen our
competitive position and expand our footprint in the fast growing Italian PV
market."

Mr. Andrea Parrini, Chief Executive Officer of PM Service, added, "We are
particularly excited with the integration roadmap that ET Solar is executing
now. Higher level of integration will further ensure product quality and
customer satisfaction."

About ET Solar

ET Solar is a vertically integrated downstream solar power product
manufacturer and turnkey solution service provider. With local sales and
marketing subsidiaries and offices in Asia, Europe, and North America, ET
Solar has provided solar modules, solar tracking systems and turnkey solution
services to its customers in over 50 countries

About PM Service

PM Service is one of the first Italian distributors for components and
services for gird connected and stand-alone photovoltaic installations,
thermal installations, wind installations and lighting energy saving systems.
Established in 1999, PM Service is headquartered in Florence, with 11
agencies and sales offices all over Italy.

Amanda Xu of ET Solar Group, +86-25-8689-8096 x9084, amanda.xu at etsolar.com