ET Solar Announces US$50 Million Private Equity Placement

NANJING, China, July 6, 2011 -

ET Solar Group Corp. (”ET Solar”), a solar power one-stop
solution provider, today announces a US$50 million common equity
issuance to an existing investor of ET Solar.

Mr. Fischer Chen, Vice President and Chief Financial Officer of
ET Solar, commented: “The transaction demonstrates our existing
investor’s confidence on ET Solar and the growth prospect of solar
industry. It will strengthen our ability to increase our vertical
integration and expand our manufacturing capacity that is a very
important factor for our growth and competitiveness going
forward.”

In total, ET Solar has raised approximately US$100 million
proceeds through the issuance of preferred and convertible shares
and common shares since 2008.

About ET Solar

ET Solar is a solar power one-stop solution 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 solutions services to its customers in over 50
countries. To learn more about ET Solar, visit href="www.etsolar.com/">www.etsolar.com.

Tracy Lau of ET Solar Group, +86-25-8689-8096 x9038, or fax, +86-25-8689-8097, or tracy.lau at etsolar.com