China Sunergy Announces JV with Z-One Holding

China Sunergy Co., Ltd.

and Z-One Holding today announced an agreement to form a joint venture to market and sell the full range of CSUN's solar products and provide high value-added PV solutions in the Middle Eastern and African markets. Under the terms of the agreement, the joint venture, CSUN Solar MEA FZC, will be owned 60% by China Sunergy, and 40% by Z-One Holding. "Middle East and Africa are both fast-growing markets for photovoltaic, or PV applications. This joint venture will be a useful opportunity to offer our PV products and solutions in the two markets while working with Z-One Holding who has an extensive distribution network and profound photovoltaic expertise," said Mr. Tingxiu Lu, chief executive officer of CSUN. "Our track records of working with a variety of well-known enterprises located in both upstream and downstream of the PV industry has positioned us well as Z-One Holding's partner and we look forward to capturing the lucrative opportunities together." About Z-One Holding Z-One Holding is a stakeholder in eight companies representing the whole PV value-chain from equipment manufacturing, products distribution, consultancy, engineering, purchasing