September 11, 2009 ï¿½ Beijing, China - GCL-Poly Energy Holdings Limited (GCL-Poly, stock code: 3800), a company listed on the main board of HKEx, together with its subsidiaries, the �GCL-Poly Group�) is�a leading integrated green energy enterprise in PRC.� In July 2009, GCL-Poly acquired, by way of allotment and issue of new shares, 100% equity interest in a Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd., one of the world�s leading suppliers of polysilicon and wafers for use in the solar industry, at a consideration of HK$26.35 billion.

In connection with the acquisition, GCL-Poly also made an allotment and issue of more than 10 billion new shares at HK$2.2 and issue of secured notes valued US$350 million and one of its subsidiaries obtained loan facility of US$300 million. In addition, it placed 1,300,000,000 new shares valued at more than HK$3,500,000,000.� Upon completion of the acquisition, GCL-Poly Group will become the first Hong Kong listed large scale polysilicon manufacturer which aspires to become a global leader in the solar industry.

A team led by Mr. Wang Weidong, the managing partner of Grandall Legal Group (Beijing), has acted as GCL-Poly�s PRC legal counsel in the said acquisition and its related financing. Meanwhile, Milbank and Tweed acted as GCL-Poly�s offshore legal advisers.

For more information about GCL-Poly, please visit: www.gcl-poly.com.hk

For more information about Grandall Legal Group, please visit:www.grandall.com.cn