SOLA Renesola

 
TIDMSOLA 
 
ReneSola Receives High Technology Status and Qualification for Reduced Income 
Tax Rate 
 
JIASHAN, China, June 25 /PRNewswire-Asia-FirstCall/ -- ReneSola Ltd ("ReneSola" 
or the "Company") (NYSE: SOL) (AIM: SOLA), a leading global manufacturer of 
solar wafers, today announced that its operating subsidiary, Zhejiang Yuhui 
Solar Energy Source Co., Ltd., ("Zhejiang Yuhui"), has qualified as a high 
technology enterprise in China. The classification allows the Company to enjoy 
a reduced income tax rate of 15% for three years, starting on January 1, 2009. 
The 15% tax rate applicable to Zhejiang Yuhui replaces the 25% statutory tax 
rate that the Company will be subject to once the current tax concession 
expires. 
 
(Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 ) 
 
Classification as a high technology enterprise is awarded to companies which 
meet specific requirements as determined by the central government, including 
the number of patents and proprietary technologies the enterprise has in 
addition to the size and expenditure of its R&D facilities. 
 
"We are delighted to be recognized as a high technology enterprise and become 
one of the select solar companies in China to receive such a qualification," 
commented Mr. Xianshou Li, ReneSola's chief executive officer. "From China's 
central to provincial governments, we are seeing an increased focus and 
commitment on creating incentives for the development of clean, renewable 
energy such as solar power. As one of China's leading low-cost, 
fully-integrated solar companies, we are confident that we are well positioned 
to play a leading role in helping China achieve its goal of a greener future." 
 
About ReneSola 
 
ReneSola Ltd ("ReneSola") is a leading global manufacturer of solar wafers 
based in China. Capitalizing on proprietary technologies and technical 
know-how, ReneSola manufactures monocrystalline and multicrystalline solar 
wafers. In addition, ReneSola strives to enhance its competitiveness through 
upstream integration into virgin polysilicon manufacturing. ReneSola possesses 
a global network of suppliers and customers that include some of the leading 
global manufacturers of solar cells and modules. ReneSola's shares are 
currently traded on the New York Stock Exchange (NYSE: SOL) and the AIM of the 
London Stock Exchange (AIM: SOLA). For more information about ReneSola, please 
visit http://www.renesola.com . 
 
Safe Harbor Statement 
 
This press release contains statements that constitute "forward-looking" 
statements within the meaning of Section 27A of the Securities Act of 1933, as 
amended, and Section 21E of the Securities Exchange Act of 1934, as amended, 
and as defined in the U.S. Private Securities Litigation Reform Act of 1995. 
Whenever you read a statement that is not simply a statement of historical fact 
(such as when we describe what we "believe," "expect" or "anticipate" will 
occur, what "will" or "could" happen, and other similar statements), you must 
remember that our expectations may not be correct, even though we believe that 
they are reasonable. We do not guarantee that the forward-looking statements 
will happen as described or that they will happen at all. Further information 
regarding risks and uncertainties that could cause actual results to differ 
materially from those in the forward-looking statements is included in our 
filings with the U.S. Securities and Exchange Commission, including our annual 
report on Form 20-F. We undertake no obligation, beyond that required by law, 
to update any forward-looking statement to reflect events or circumstances 
after the date on which the statement is made, even though our situation may 
change in the future. 
 
For investor and media inquiries, please contact: 
 
In China: 
 
ReneSola Ltd 
 
Ms. Julia Xu 
 
Tel: +86-573-8477-3372 
 
Email: julia.xu@renesola.com 
 
Ogilvy Financial, Beijing 
 
Mr. Derek Mitchell 
 
Tel: +86-10-8520-6284 
 
E-mail: derek.mitchell@ogilvy.com 
 
In the United States: 
 
Ogilvy Financial, New York 
 
Ms. Jessica Barist Cohen 
 
Tel: +1-646-460-9989 
 
Email: jessica.cohen@ogilvypr.com 
 
In the United Kingdom: 
 
Hanson Westhouse Limited, London 
 
Mr. Tim Feather / Mr. Richard Baty 
 
Tel: +44-20-7601-6100 
 
Email: tim.feather@hansonwesthouse.com 
 
richard.baty@hansonwesthouse.com 
 
SOURCE ReneSola Ltd 
 
 
 
END 
 

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