China Sunergy Announces Selection Of Grant Thornton As New Auditor

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China Sunergy Co., Ltd.
CSUN
("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced that it has proposed to appoint Grant Thornton, China member firm of Grant Thornton International ("Grant Thornton"), as the Company's independent registered public accounting firm for the year ending December 31, 2014. The decision to engage Grant Thornton was made by the Company's Audit Committee and its Board of Directors and is subject to shareholder's approval at the Company's Annual General Meeting, among others. The change of auditors was made as a part of the implementation of the new management's company-wide expense reduction plan. The Company will endeavor to work with the new auditor to ensure the timely filing of its annual report on Form 20-F for the year ending December 31, 2014. At the date of this press release, the Company is working with Deloitte Touche Tohmatsu Certified Public Accountants LLP ("Deloitte") and Grant Thornton to ensure a smooth transition. "We sincerely express our appreciation to Deloitte for its commitment and high quality of service in the past years." Mr. Tingxiu Lu, Chairman and CEO of China Sunergy, remarked, "We expect to cooperate with our new auditor team - Grant Thornton soon." The Company and Deloitte have no disagreements, and the Board is not aware of any other matters, in relation to the change of auditors that need to be brought to the attention of the Shareholders.
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