China Sunergy Signs Strategic Collaboration Agreement with the 48th Research Institute of China Electronics Technology Group Co

 China Sunergy Signs Strategic Collaboration Agreement with the 48th Research
         Institute of China Electronics Technology Group Corporation

PR Newswire

NANJING, China, July 7, 2014

NANJING, China, July 7, 2014 /PRNewswire/ -- China Sunergy Co., Ltd. (NASDAQ:
CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module
manufacturer, today announced that its wholly-owned R&D subsidiary, China
Sunergy (Nanjing) Power Science & Technology Co., Ltd. (the "R&D Innovation
Plant"), has entered into a strategic collaboration agreement with the 48th
Research Institute of China Electronics Technology Group Corporation ("The
Research Institute"), to jointly accelerate research and development,
deployment and marketing of photovoltaic technology and products.

The Research Institute is a leading research and production enterprise
selected as a model organization among China's solar photovoltaic industry by
the Ministry of Science and Technology and the People's Government of Beijing
Municipality. As a state-owned-enterprise, the Research Institute employs the
nation's top technical scientists and is one of the largest suppliers of
photovoltaic equipment in China.

"We are excited to closely collaborate with the country's preeminent research
institution," said Dr. Jianhua Zhao, Chief Technology Officer of China
Sunergy. "For this strategic collaboration, we mainly aim to co-declare
scientific research, co-research photovoltaic materials and equipment, and
co-develop solar projects. We believe the combination of our leading
technology and the Research Institute's expertise in photovoltaic equipment
and large user base will accelerate the development and monetization of
innovations."

About China Sunergy Co., Ltd.

China Sunergy Co., Ltd. (NASDAQ: CSUN) designs, manufactures and delivers high
efficiency solar cells and modules to the world from its production centers
based in China and Turkey. China Sunergy also invests in high potential solar
projects. Founded in 2004, China Sunergy is well known for its advanced solar
cell technology, reliable product quality, and excellent customer service.

For more information, please visit http://www.csun-solar.com.

Investor and Media Contacts:

Asia Bridge Group Limited
Wendy Sun
Phone: + 86 10 8556 9033
Email: wendy.sun@asiabridgegroup.com

Company IR contact
Phone: + 86 25 5276 6579
Email: ir@chinasunergy.com

Safe Harbor Statement

This announcement may contain forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical facts in this
announcement are forward-looking statements. These forward-looking statements
are based on current expectations, assumptions, estimates and projections
about the Company and the industry, and involve known and unknown risks and
uncertainties, including but not limited to, the Company's failure to maintain
its listing qualification due to, among other things, volatility in the
Company's ADS price; the Company's ability to raise additional capital or
renew existing bank borrowings as they become due to finance the Company's
activities; the Company's customers' financial condition and creditworthiness,
and their ability to settle accounts receivables; the effectiveness,
profitability, and the marketability of its products; litigations and other
legal proceedings, including any decisions by the US International Trade
Committee and Department of Commerce on the petitions filed; the economic
slowdown in China and elsewhere and its impact on the Company's operations;
demand for and selling prices of the Company's products, execution of our
strategy to expand into downstream solar power businesses, the future trading
of the common stock of the Company; the ability of the Company to operate as a
public company; the period of time for which its current liquidity will enable
the Company to fund its operations; the Company's ability to protect its
proprietary information; general economic and business conditions; the
volatility of the Company's operating results and financial condition; the
Company's ability to attract or retain qualified senior management personnel
and research and development staff; future shortage or availability of the
supply of raw materials; impact on cost-competitiveness as a result of
entering into long-term arrangements with raw material suppliers and other
risks detailed in the Company's filings with the Securities and Exchange
Commission. The Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances, or to
changes in its expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these forward looking
statements are reasonable, it cannot assure you that its expectations will
turn out to be correct, and investors are cautioned that actual results may
differ materially from the anticipated results.

SOURCE China Sunergy Co., Ltd.

Website: http://www.csun-solar.com/index.html
 
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