Statement of Dr. Zhengrong Shi
WUXI, China, March 5, 2013
WUXI, China, March 5, 2013 /PRNewswire/ --The Board of Suntech Power Holdings
Co., Ltd. (NYSE: STP) has issued a statement claiming it has purported to
remove me as Executive Chairman. I respond as follows:
1. The Board's decision to purportedly remove me was misconceived and
unlawful. The Board had no legal basis for doing so, and the decision was
invalid and of no effect. The actions taken at this time by the rest of the
Board show that they are not focused on the issues most important at hand and
are not acting in accordance with the best interest of the Company.
2. I will take all steps necessary to protect the Company from being harmed by
unlawful actions such as the above.
3. I am fully committed to continuing to serve the Company as Executive
Chairman to the best of my ability and to guide it through these difficult
Dr. Zhengrong Shi
5 March 2013
SOURCE Dr. Zhengrong Shi
Contact: Dr Shi, +86 (186) 5157 2999, firstname.lastname@example.org
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