ET Solar Group Announces RMB400 Million Syndicate Loan

NANJING, China, November 23 - ET Solar Group Corp. ("ET Solar"), a Nanjing-based photovoltaic ("PV")
system turnkey solution provider and integrated manufacturer of PV products
announced obtainment of an RMB400 million credit facility.

The RMB400 million credit facility (approximately US$59 million, or
Euro40 million) was arranged by China Everbright Bank and joined by China
Merchants Bank. It has a trade finance tranche and a working capital tranche
with a 1-year tenor that would be renewable subject to satisfactory credit
review.

The new facility brings total credit lines currently available to ET
Solar by various Chinese banks well over RMB800 million (approximately US$120
million, or Euro80 million). It further diversifies ET Solar's banking
relationships in China with both large national banks and leading regional
banks as its lenders.

Fischer Chen, Chief Financial Officer of ET Solar, commented "This new
loan facility further increases our financial flexibility and puts us in a
more comfortable position to maintain our growth momentum and strengthen the
bankability of our products and turnkey solution services. We are especially
pleased with the strong commitment from China Everbright Bank and China
Merchants Bank, which are both leading lenders in the fast growing Chinese
economy."

"We are very pleased to have arranged the credit facility for ET Solar as
we are very much impressed with its fast growth track record and
differentiated business evolution roadmap," Hong Cheng, Deputy General
Manager of China Everbright Bank, Nanjing Branch, added.

About ET Solar:

ET Solar is a vertically integrated solar energy equipment manufacturer
and turnkey solutions 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 more than 50 countries and areas.

About China Everbright Bank:

China Everbright Bank (CEB) was established in 1992 and headquartered in
Beijing. It is a financial services company in asset management, direct
investment, brokerage and investment banking in the Greater China region. By
end of 2008, the bank's total assets stood at US$124 billion.

About China Merchants Bank:

China Merchants Bank (CMB) was founded in 1987 and headquartered in
Shenzhen, China. CMB focuses on domestic business and provides both corporate
and retail banking products and services and conducts treasury activities.
The firm is listed on the Shanghai Stock Exchange and the Hong Kong Stock
Exchange. By the end of the first half of 2009, CMB had total assets of
US$289 billion.

    For more information, please contact:

     Amanda Xu
     Media Assistant
     Marketing Dept
     ET Solar Group
     Tel: +86-25-8689-8096 x9023
     Fax: +86-25-8689-8097
     Email: amanda.xu@etsolar.com

Amanda Xu, Media Assistant, Marketing Dept, ET Solar Group, +86-25-8689-8096 x9023, fax, +86-25-8689-8097, or amanda.xu at etsolar.com