Hanwha SolarOne Announces Shareholder Resolutions Adopted at Annual General Meeting

Hanwha SolarOne Co., Ltd. HSOL today announced the shareholder resolutions adopted at its annual general meeting of shareholders held in Shanghai, China on December 20, 2011. As an ordinary resolution, that the appointment of David N.K. Wang, as a director of the Company to continue to hold office for a three-year term beginning on the date of this AGM or until his successor is elected and qualified, be approved, confirmed and ratified. As an ordinary resolution, that the appointment of Hee Cheul Kim, as a director of the Company to hold office for a three-year term beginning on the date of this AGM or until his successor is elected and qualified, be approved, confirmed and ratified. As an ordinary resolution, that the directors of the Company be, and hereby are, authorized to determine the manner and any other terms of any repurchase or redemption of ordinary shares and ADSs of the Company, and are hereby authorized and directed in the name and on behalf of the Company to execute and deliver any instrument, document or agreement (including, where necessary, to affix the seal of the Company in accordance with the Articles of Association of the Company) or to take or cause to be taken any other action or actions which the directors may deem necessary, appropriate or desirable to carry out the intent and purpose of any such repurchases or redemptions of shares by the Company. As an ordinary resolution, that any and all prior repurchases of shares by the Company (including without limitation the repurchase of 25,027,680 ordinary shares from the Bank of New York Mellon, representing 5,005,536 ADSs repurchased from Morgan Stanley & Co. International Plc. pursuant to the Share Issuance and Repurchase Agreement dated January 23, 2008, and the repurchase of 25,017,671 ordinary shares from Hanwha Solar Holdings Co., Ltd. pursuant to the Share Issuance and Repurchase Agreement dated September 16, 2010) be and are hereby authorized, approved, confirmed and ratified in all respects as the valid acts of the Company with effect from the date such actions were taken.