Gross Margin and Shipments Exceed Guidance; Annual Shipment Target Raised

Aug. 24, 2010 (PR Newswire) --

    Second Quarter 2010 Financial and Operating Highlights
    -- Solar module shipments were approximately 223 MW, compared to the
       Company's previous guidance of 200 MW to 205 MW, representing an
       increase of 15.7% sequentially and 248.7% year-over-year
    -- Net revenues were $370.8 million, an increase of 10.1% sequentially and
       147.2% year-over-year
    -- Gross margin was 32.1%, above the Company's guidance of high 20s in
       percentage terms, compared to 30.9% in the first quarter of 2010  and
       27.4% in the second quarter of 2009
    -- Operating income and operating margin were $83.3 million and 22.5%,
       respectively, compared to $76.0 million and 22.6%, respectively, in the
       first quarter of 2010
    -- Net income was $38.7 million, which includes a net foreign currency
       exchange loss of $29.2 million, compared to net income of $44.5 million
       in the first quarter of 2010
    -- Earnings per fully diluted ADS were $0.52, which include the impact of
       a net foreign currency exchange loss of $0.37 per fully diluted ADS,
       compared to $0.66 in the first quarter of 2010

    Recent Business Highlights

    During the second quarter of 2010, the Company
    -- Supplied PV modules to one of the largest and most experienced global
       renewable energy developers, Enfinity NV ("Enfinity"), for the Belgian-
       European Pavilion and the Theme Pavilion at the 2010 Shanghai World
       Expo
    -- Introduced new products, including a 'Design Series' black solar module
       and a Utility Scale Solar module, which were unveiled at Solarexpo 2010
       in Verona, Italy, and a premium brand square mono cell module (Quad MAX
       technology) which was showcased at InterSolar 2010 in Munich, Germany
    -- Announced agreements with TUV Rheinland, UL and CGC, which are expected
       to allow the Company to deliver new certified product lines in a
       shortened time frame
    -- Was ranked second among 26 publicly listed solar companies in the PRTM
       PV Sustainable Growth Index in June 2010. The index ranking is based on
       seven financial metrics including revenue growth, equity return and
       cash conversion efficiencies from 2008 and 2009
    -- Announced that its subsidiary Trina Solar (US) Inc. signed a 45 MW
       supply agreement with Southern California Edison ("SCE"), an Edison
       International Company (NYSE: EIX), one of the largest electric
       utilities in the United States. The modules are expected to be used in
       SCE's large solar photovoltaic installation program
    -- Announced its research agreement with the Solar Energy Research
       Institute of Singapore ("SERIS") to develop an all-back-contact high-
       efficiency silicon wafer solar cell using Trina Solar's monocrystalline
       wafers
    -- Announced that its subsidiary Trina Solar (Switzerland) AG became a
       sponsor of the Renault F1 Team, a new partnership that is expected to
       increase Trina Solar's global brand awareness while promoting wide-
       scale adoption of sustainable technology
    -- Announced its expectation to supply PV modules to the University of
       Queensland ("UQ") St Lucia campus in Brisbane, Australia, to be used
       for a 1.2 MW system believed to represent Australia's largest roof-
       mounted solar array

    Subsequent Events

    Subsequent to the second quarter of 2010, the Company
    -- Announced an agreement to supply solar modules to SunEdison, a
       subsidiary of MEMC Electronic Materials, Inc. ("MEMC"). Under the terms
       of the agreement signed with MEMC, the Company is expected to supply
       SunEdison with approximately 35 MW of PV modules over the remainder of
       2010
    -- Announced the signing of a Letter of Agreement with MIT to become a
       member of its Industrial Liaison Program, a program devoted to
       promoting university-industry collaboration, innovation and technology
       sharing
    -- Announced that Mr. Sean Tzou has been appointed to the new position of
       Chief Strategy Officer and that Mr. Gary Yu has been promoted to the
       position of Senior Vice President, Operations. The appointments
       reinforce the Company's commitment to deliver market-driven solutions
       and first class customer service in line with its expectations to
       increase global market share in 2011 and beyond

    Second Quarter 2010 Results

                             Trina Solar Limited
                Unaudited Consolidated Statement of Operations
             (US dollars in thousands, except ADS and share data)

                                      For the Three Months Ended
                             June 30, 2010  March 31, 2010*  June 30, 2009*

    Net revenues                 $370,762        $336,841       $150,005
    Cost of revenues              251,838         232,606        108,829
    Gross profit                  118,924         104,235         41,176
    Operating expenses
      Selling expenses             17,466          14,993          5,613
      General and administrative
       expenses                    15,461          11,161         15,856
      Research and development
       expenses                     2,744           2,087          1,062
    Total operating expenses       35,671          28,241         22,531
    Operating income               83,253          75,994         18,645
    Foreign exchange (loss)
     gain                         (42,835)        (27,514)        13,734
    Interest expenses              (8,591)         (9,430)        (6,427)
    Interest income                   362             386            286
    Gain (loss) on change in
     fair value of derivative      13,644          13,023         (3,232)
    Other expenses, net              (285)           (166)            (4)
    Income before income taxes     45,548          52,293         23,002
    Income tax expenses            (6,835)         (7,752)        (4,399)
    Net income                    $38,713         $44,541        $18,603

    Earnings per ADS
       Basic                         0.55            0.72           0.37
       Diluted                       0.52            0.66           0.35
    Weighted average ADS
     outstanding
       Basic                   69,925,214      62,050,482     50,208,273
       Diluted                 78,537,613      70,758,862     58,354,662




                             Trina Solar Limited
                     Unaudited Consolidated Balance Sheet
                          (US dollars in thousands)

                               June 30, 2010 March 31, 2010*  June 30, 2009*
    ASSETS
    Current assets:
      Cash and cash equivalents    $639,517       $636,080        $180,038
      Restricted cash                45,758         54,393          23,817
      Marketable Securities             443            723           3,931
      Inventories                    96,395         80,685          69,360
      Project assets                 23,877          7,196              --
      Accounts receivable, net      313,042        305,496         178,595
      Current portion of advances
       to suppliers                  42,895         44,393          31,082
      Prepaid expenses and other
       current assets, net           53,256         48,812          12,183
    Total current assets          1,215,183      1,177,778         499,006
    Property, plant and
     equipment                      533,795        504,365         366,793
    Prepaid land use right           27,139         27,281          27,705
    Advances to suppliers -
     long-term                       87,205         96,317         114,937
    Deferred tax assets              10,481         10,430           6,399
    Other noncurrent
     assets                           1,352          1,568           2,172
    TOTAL ASSETS                 $1,875,155     $1,817,739      $1,017,012

    LIABILITIES AND SHAREHOLDERS'
     EQUITY
    Current liabilities:
      Short-term borrowings,
       including current portion
       of long-term debt           $161,557       $221,907        $267,817
      Accounts payable              197,789        162,588          75,842
      Income tax payable              9,436         12,115           6,768
      Accrued expenses and other
       current liabilities           60,220         52,227          21,784
    Total current liabilities       429,002        448,837         372,211
    Long-term bank borrowings       331,152        296,102          33,080
    Convertible note payable        134,644        133,838         131,417
    Accrued warranty costs           27,508         24,057          15,196
    Other noncurrent liabilities     14,740         16,074          19,087
    Total liabilities               937,046        918,908         570,991

    Ordinary shares                      40             39              30
    Additional paid-in capital      638,457        636,747         314,841
    Retained earnings               291,572        252,859         119,735
    Other comprehensive income        8,040          9,186          11,415
    Total shareholders' equity      938,109        898,831         446,021
    TOTAL LIABILITIES AND
     SHAREHOLDERS' EQUITY        $1,875,155     $1,817,739      $1,017,012


    * Notes to unaudited consolidated financial statements:

    For further information, please contact:

    Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)
     Thomas Young, Senior Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

    Brunswick Group
     Caroline Jinqing Cai
     Phone: +86-10-6566-2256
     Michael Fuchs
     Phone: +86-10-6566-2256
     Email: trina@brunswickgroup.com

Terry Wang, CFO, +86-519-8548-2009 (Changzhou), or Thomas Young, Senior Director of Investor Relations, +86-519-8548-2009 (Changzhou), or both at ir@trinasolar.com, both of Trina Solar Limited; or at Brunswick Group, Caroline Jinqing Cai, +86-10-6566-2256, or Michael Fuchs, +86-10-6566-2256, or both at trina@brunswickgroup.com, both for TSL

Source: PR Newswire (August 24, 2010 - 6:12 AM EDT)

Under the terms of the agreement signed with MEMC, Trina Solar is expected to supply SunEdison with approximately 35 megawatts (MW) of PV modules over the remainder of 2010. The modules are expected to be utilized by SunEdison for projects in North America and Europe.

"This collaboration once again demonstrates Trina Solar's ability to partner with leading U.S. solar industry players to create effective PV solutions in the U.S. market," said Mr. Sean Tzou, Chief Strategy Officer of Trina Solar. "Combining Trina Solar's high-quality modules with SunEdison's leading solar project capabilities, helps our company to further increase market share, diversify our sales base and enhance recognition of our brand globally."

Carlos Domenech, President of SunEdison, commented, "We are pleased to add Trina Solar as a supplier for various SunEdison projects around the world. To be a world leader and trusted partner to our customers, SunEdison must maintain strong capabilities in project financing, engineering, high value procurement, and operations and maintenance services. To do all of that, it helps to have quality suppliers."

About Trina Solar Limited

Trina Solar Limited (NYSE:TSL - News), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since its foundation in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

About SunEdison

SunEdison is a global provider of solar energy services. The company finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers. In 2009, SunEdison delivered more kilowatt hours (kWh) of energy than any other solar services provider in North America. For more information about SunEdison, please visit http://www.sunedison.com .

About MEMC

MEMC is a global leader in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries. MEMC has been a pioneer in the design and development of wafer technologies over the past 50 years. With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. With the acquisition of SunEdison, MEMC is now a developer of solar power projects and North America's largest solar energy services provider. MEMC's common stock is listed on the New York Stock Exchange under the symbol "WFR" and is included in the S&P 500 Index. For more information about MEMC, please visit http://www.memc.com .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, that Trina Solar (the "Company") is expected to supply SunEdison with 18 megawatts (MW) of PV modules in 2010 and that the modules are expected to be utilized by SunEdison for projects in North America and Europe. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, including the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    For further information, please contact:

    Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)
     Thomas Young, Senior Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

    Brunswick Group
     Caroline Jinqing Cai
     Phone: +86-10-6566-2256
     Michael Fuchs
     Phone: +86-10-6566-2256
     Email: trina@brunswickgroup.com

For the first quarter of 2010, TechFaith reported net revenue of US$60.9 million (RMB 415.8 million), a 1.8% increase compared to US$59.8 million (RMB 408.3 million) in the fourth quarter of 2009 and a 25.1% increase compared to US$48.7 million (RMB 332.9 million) in the same period of last year. Gross margin for the first quarter of 2010 improved to 22.0% compared to 16.1% in the previous quarter and 18.1% in the same quarter last year. Net income attributable to Techfaith for the first quarter of 2010 was US$6.9 million (RMB47.1 million), compared to US$3.1 million (RMB21.2 million) in the fourth quarter of 2009, and US$2.1 million (RMB14.4 million) in the same quarter of last year.

Starting with this quarter, TechFaith will report its financial results in three segments. The original developed products ("ODP") segment, which focuses on selling products designed by the Company, will include revenue from product sales and handset design. The brand name phone sales segment will include revenue from selling phones under licensed brands or brands owned by the Company's subsidiary QIGI&BODEE Technology (Beijing) Co., Ltd. ("QIGI"). The game segment will include revenue from the Company's online and mobile games.

Ouyang Yuping, TechFaith's CFO, said, "We achieved our highest revenues level in this quarter since the Company was founded, and one of the highest net income levels by focusing on higher margin opportunities and cost controls. We increased our overall gross margin from 18.1% for the first quarter of 2009 and 16.1% for the fourth quarter of 2009 to 22.0% in the first quarter of 2010. We also achieved another company record in our ODP business, where we sold more than a half million units of mobile phones and data cards for revenues of US$54.4 million (RMB 371.4 million). The higher selling price of mobile phones helped gross margin improve from 15.5% to 18.7% in our ODP business. We expect continued growth in our ODP business as we are launching several new high-end products in China and overseas. Results also benefited from our acquisition of QIGI, which had revenues of US$5.2 million (RMB35.5 million) and a gross margin of 39.5% in the first quarter of 2010, led by higher margin brand name mobile phone products. We also continued to expand our mobile game and online game business, where we generated a combined US$1.3 million (RMB 8.9million) revenues with a 94.4% gross margin in the first quarter."

Dong Defu, TechFaith's Chairman and CEO, commented, "Overall, our businesses are performing well entering the second quarter. In our ODP business, we have nearly forty mid- to high-end mobile phone models based on HSDPA, EVDO, TD-SCDMA, and GSM technologies ready to launch. We expect further improvements in our ODP business to contribute to improvements in our gross margin. We are also excited about the upcoming launch of two global brands for handsets - Barbie and Disney. We expect to launch both branded mobile phones this summer through our subsidiary Glomate Mobile (Beijing) Co., Ltd., to target girls and teenage users. We continue to evaluate other brands for opportunities in niches ranging from sporting to fashion and luxury. Also central to our continued success is QIGI, already a leading smart phone brand in China, which focuses on enterprise users and the operator tailored market. QIGI plans to promote a series of larger display mobile phones, with features such as Windows Mobile based or Android based operating systems for businesses users based on HASDPA, EVDO, TD-SCDMA, and GSM technologies. For our mobile and online game business, we are on track to launch additional mobile and online gaming titles this year, with the goal of building out our catalog and establishing a larger audience among loyal game players."

Second Quarter 2010 Outlook

TechFaith currently expects revenue to be in the range of US$62 million to US$65 million for the second quarter of 2010, with a gross margin level similar to the first quarter of 2010. This forecast reflects TechFaith's current and preliminary view, which is subject to change.

Investor Conference Call / Webcast Details

TechFaith will hold a conference call on Wednesday, May 19, 2010 at 7:00 p.m. U.S. Eastern Time (7:00 a.m. May 20, 2010 in Beijing), is +1-617-597-5359. The conference call passcode is 59609619. A live webcast of the conference call will also be available on TechFaith's website at www.techfaithwireless.com.

A replay of the call will be available approximately 2 hours after the conclusion of the live call through 11:30 p.m. U.S. Eastern Time on May 26, 2010, (11:30 a.m., March 27, 2010 in Beijing) by telephone at +1-617-801-6888. To access the replay, use passcode 44810686. A webcast replay will also be available at www.techfaithwireless.com.

About TechFaith

TechFaith (NASDAQ:CNTF - News) is a China-based original developed product provider focused on the original design and sales of mobile phone products. TechFaith is also striving to build a leading PC and online gaming business through its wholly-owned subsidiary, 798 Entertainment Limited. 798 Entertainment Limited currently engages in providing self-developed as well as co-developed and licensed cell phone contents.

 
    -- TechFaith engages in the development and production of middle to
       high end handsets and tailor made handsets.  TechFaith's original
       developed products include: (1) multimedia phones and dual mode
       dual card handsets of multiple wireless technology combination
       such as GSM/GSM, GSM/CDMA, GSM/WCDMA, GSM/TD-SCDMA and UMTS/CDMA;
       (2) Windows-based smartphones and Pocket PC phones; and (3)
       handsets with interactive online gaming and professional game
       terminals with phone functionality.
    -- With the capability of developing Middleware Application MMI/UI
       software on 2G/2.5G(GSM/GPRS, CDMA1X), 3G(EV-DO, WCDMA/UMTS,
       TD-SCDMA) and 3.5G(HSDPA) communication technologies, TechFaith
       is able to provide Middleware Application MMI/UI software packages
       that fulfill the specifications of handset brand owners and
       carriers in the global market. For more information, please visit
       www.techfaithwireless.com.
    -- TechFaith is targeting both the mobile and online PC gaming markets
       through its websites www.798uu.com and www.798game.com with gaming
       content developed internally, co-developed and licensed from third
       parties.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident," "outlook" and similar statements. Among other things, the business outlook and strategic and operational plans of TechFaith and management quotations contain forward-looking statements. TechFaith may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about TechFaith's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, those risks outlined in TechFaith's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 
        CHINA TECHFAITH WIRELESS COMMUNICATION TECHNOLOGY LIMITED
        UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
  (In Thousands of U.S. Dollars, except share and per share/ADS data and
                         unless otherwise stated)

                                               Three Months Ended

                                             March 31          December 31
                                     ------------------------  -----------
                                         2010         2009         2009
Revenues:
ODP                                  $    54,438  $    48,670  $    59,273
Brand name phone sales                     5,211            -            -
Game                                       1,257            -          488
                                     -----------  -----------  -----------
Total net revenues                   $    60,906  $    48,670  $    59,761

Cost of revenues:
ODP                                  $    44,259  $    39,856  $    50,060
Brand name phone sales                     3,154            -            -
Game                                          70            -           64
                                     -----------  -----------  -----------
Total cost of revenues               $    47,483  $    39,856  $    50,124

Gross Profit                         $    13,423  $     8,814  $     9,637

Operating expenses:
General and administrative           $     2,947  $     1,740  $     2,947
Research and development                   2,995        3,096        3,199
Selling and marketing                      1,289          802          828
Exchange loss (gain)                           -           14           (8)
                                     -----------  -----------  -----------
Total operating expenses             $     7,231  $     5,652  $     6,966

Government subsidy income                    100            5          207

Income from operations               $     6,292  $     3,167  $     2,878

Interest expenses                           (265)         (30)        (366)
Interest income                              184          177          169
Other income (expense), net                    5            -          171
Change in fair value of derivatives
 embedded in Convertible notes             3,343            -        1,831
Change in fair value of put option           (33)         (18)         (27)
                                     -----------  -----------  -----------
Income before income taxes           $     9,526  $     3,296  $     4,656
Income tax expenses                       (1,933)      (1,219)      (1,215)
                                     -----------  -----------  -----------
Net income                           $     7,593  $     2,077  $     3,441
Less: net income (loss) attributable
 to the noncontrolling interest             (738)          44         (329)
                                     -----------  -----------  -----------
Net income attributable to TechFaith $     6,855  $     2,121  $     3,112
                                     ===========  ===========  ===========

Net income attributable to TechFaith
 per share
   Basic                             $      0.01  $      0.00  $      0.00
                                     ===========  ===========  ===========
   Diluted                           $      0.01  $      0.00  $      0.00
                                     ===========  ===========  ===========

Net income attributable to TechFaith
 per ADS*
   Basic                             $      0.15  $      0.05  $      0.07
                                     ===========  ===========  ===========
   Diluted                           $      0.13  $      0.05  $      0.07
                                     ===========  ===========  ===========


Weighted average shares outstanding
   Basic                             685,868,082  650,034,590  650,043,806
                                     ===========  ===========  ===========
   Diluted                           811,983,427  650,034,590  776,158,621
                                     ===========  ===========  ===========






        CHINA TECHFAITH WIRELESS COMMUNICATION TECHNOLOGY LIMITED
              UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
                      (In Thousands of U.S. Dollars)

                                           March 31, March 31, December 31,
                                             2010      2009        2009

                                           --------- --------- ------------
Assets
Current assets:
Cash and cash equivalents                  $ 162,421 $  97,499 $    130,544
Restricted cash                                    -        80            -
Accounts receivable                           17,740    29,812       28,992
Notes receivable                                   -       443            -
Amounts due from a related party               2,622     7,954        9,941
Contingent receivable                            196         -            -
Inventories                                   24,178    30,367       22,937
Prepaid expenses and other current assets     13,470    11,917       12,420
Deferred tax assets-current                        -        78            -
                                           --------- --------- ------------
Total current assets                       $ 220,627 $ 178,150 $    204,834
                                           --------- --------- ------------

Plant, machinery and equipment, net        $  20,245 $  23,255 $     20,902
Construction in progress                      23,965    23,521       23,680
Acquired intangible assets, net                3,235       838          645
Deferred tax assets-noncurrent                     -        29            -
Goodwill                                       1,848       606          606
                                           --------- --------- ------------
Total assets                               $ 269,920 $ 226,399 $    250,667
                                           ========= ========= ============

Liabilities and equity
Current liabilities:
Current portion of long term payable       $     687 $   1,211 $        799
Accounts payable                               9,952     7,362       10,514
Amounts due to related parties                   701       438          266
Accrued expenses and other current
 liabilities                                  10,408     9,597       10,484
Advance from customers                         5,494    11,839        4,720
Deferred revenue                               1,031     1,431          755
Income tax payable                             2,221     1,343        1,162
                                           --------- --------- ------------
Total current liabilities                  $  30,494 $  33,221 $     28,700

Convertible notes and embedded derivatives    12,363         -       15,441
Deferred tax liability-noncurrent                170         -            -

Total liabilities                          $  43,027 $  33,221 $     44,141
                                           --------- --------- ------------

Equity
Paid in capital                            $      14 $      13 $         13
Additional paid-in capital                   126,292   105,847      113,458
Accumulated other comprehensive income        23,801    23,711       23,863
Statutory reserve                             10,993     8,542       10,993
Retained earnings                             62,721    54,101       55,866
                                           --------- --------- ------------
Total Techfaith shareholders' equity       $ 223,821 $ 192,214 $    204,193
                                           --------- --------- ------------
Noncontrolling interest                    $   3,072 $     964 $      2,333
                                           --------- --------- ------------
Total equity                               $ 226,893 $ 193,178 $    206,526
                                           --------- --------- ------------
Total liabilities and equity               $ 269,920 $ 226,399 $    250,667
                                           ========= ========= ============

 
CONTACTS:
In China:
Jay Ji
China Techfaith Wireless Communication Technology Limited
Tel: 86-10-5822-8390
ir@techfaith.cn
In the U.S.:
David Pasquale
Global IR Partners
Tel: +1 914-337-8801
cntf@globalirpartners.com

CHANGZHOU, China, March 19 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE:TSL - News) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that its follow-on public offering of 7,900,000 American depositary shares, or ADSs, each representing 50 ordinary shares of the Company, was priced at $20.25 per ADS. Trina Solar has granted the underwriters a 30-day option to purchase up to an additional 1,185,000 ADSs.

Trina Solar will receive net proceeds of approximately $152.6 million, or $175.6 million if the underwriters exercise their over-allotment option in full, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. Trina Solar intends to use the net proceeds from the offering to expand manufacturing facilities for the production of PV cells and modules, for research and development purposes, including the expansion of its research and development center, and for downstream projects and general corporate purposes. The Company's management will retain broad discretion over the use of proceeds, and the Company may ultimately use the proceeds for different purposes than what it currently intends.

Credit Suisse Securities (USA) LLC, Goldman Sachs (Asia) L.L.C. and Barclays Capital Inc. are acting as bookrunners of this offering.

This offering is being made under Trina Solar's registration statement on Form F-3 filed with the Securities and Exchange Commission on July 27, 2009. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Company's registration statement on Form F-3 and preliminary prospectus supplement are available from the SEC website at: http://www.sec.gov .

Copies of the prospectus supplement and the accompanying prospectus may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, telephone: +1 (800) 221-1037, Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: +1 (212) 902-1171, and Barclays Capital Inc., c/o Broadridge Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: +1 (888) 603-5847.

About Trina Solar Limited

Trina Solar Limited (NYSE:TSL - News) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the period of time for which its current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    For more information, please contact:

    Trina Solar Limited
     Terry Wang, CFO
     Tel:   +86-519-8548-2009 (Changzhou)

     Thomas Young, Director of Investor Relations
     Tel:   +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

As part of the Company's ongoing research and development strategy, Trina Solar has developed a square monocrystalline cell with enhanced power output using its proprietary improved cell manufacturing process. Using specially designed metallization and passivation techniques, the advanced cell structure is expected to significantly boost cell conversion efficiency, achieving up to 18.8% efficiency in test laboratory production. In addition, this technology is expected to improve module output due to increased light absorbing surface area of the square shaped cell.

"We are excited to announce this breakthrough in monocrystalline cell efficiency, which demonstrates the competence of our R&D team and the centrality of product development at Trina Solar," said Jifan Gao, Trina Solar's Chairman and CEO. "Trina Solar will continue to advance its extensive R&D program, aiming to develop solar cell conversion efficiencies of more than 20% over the coming two years."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since its foundation in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

 For further information, please contact:

 Trina Solar Limited
 Terry Wang, CFO
 Tel: +86-519-8548-2009 (Changzhou)
 Thomas Young, Director of Investor Relations
 Tel: +86-519-8548-2009 (Changzhou)
 Email: ir@trinasolar.com

 Brunswick Group
 Caroline Jinqing Cai
 Tel: +86-10-6566-2256
 Michael Fuchs
 Tel: +86-10-6566-2256
 Email: trina@brunswickgroup.com

Under the terms of the agreement a total of 20 MW will be shipped during the first half of 2010 with agreed prices for the first quarter. Initial shipments commenced in January 2010.

"We are excited to announce this sales agreement with AE Photonics, a partner that shares our commitment to superior value, and customer satisfaction," said Ben Hill, Trina Solar's Vice President of Sales and Marketing in Europe. "This reflects the continued strong demand and representation for our best-in-class solar products in major solar markets worldwide."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since its foundation in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

About AE Photonics

AE Photonics GmbH & Co. KG is a well-established supplier of photovoltaic systems and photovoltaic components in Germany and Europe. The Company attaches great importance to the quality of its products and delivery of its services to customers and business partners. For further information, please visit AE Photonics' website http://www.ae-photonics.... .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    For further information, please contact:

    Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)
     Thomas Young, Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

    Brunswick Group
     Caroline Jinqing Cai
     Phone: +86-10-6566-2256
     Michael Fuchs
     Phone: +86-10-6566-2256
     Email: trina@brunswickgroup.com

The laboratory will be established as a national platform for driving PV technologies in China. Its mandate includes research into PV related materials, cell and module technologies and system level performance. It will also serve as a platform to bring together technical capabilities from the Company's strategic partners including customers and key PV component suppliers as well as universities and research institutions.

"We are excited to announce the establishment this world class national laboratory in the Changzhou Trina PV Industrial Park," said Mr. Jifan Gao, Trina Solar's Chairman and CEO. "The laboratory will advance technological innovations to support the burgeoning industry as well as accelerate Trina Solar's R&D, technology transfer and new product development goals to enhance the Company's high quality product offerings."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since its foundation in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    For further information, please contact:

    Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)

     Thomas Young, Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

    Brunswick Group
     Caroline Jinqing Cai
     Phone: +86-10-6566-2256

     Michael Fuchs
     Phone: +86-10-6566-2256
     Email: trina@brunswickgroup.com

"We are excited to partner with RFI, Australia's largest distributor of solar modules to supply the market with best-in-class products from Trina Solar," said Jifan Gao, Trina Solar's Chairman and CEO. "This partnership will bring Trina's high performing modules to the promising new Australian market while enhancing Trina Solar's brand and presence in the region."

"Partnering with Trina Solar provides our customers with access to one of the industry's emerging success stories," said Scott Magee, Managing Director of RFI's solar division. "Trina's focus on high quality manufacturing processes delivers a truly world class, competitive offering to our market. This new partnership is a natural fit with RFI's business model, providing exceptional value to our customers. We are looking forward to developing the Trina Solar brand in Australia over the coming years."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since its foundation in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

About RF Industries (RFI)

RF Industries Pty Ltd (RFI) is Australia's largest distributor of solar modules and has been supplying Australia with solar electric power systems for more than 30 years. Servicing professional installers nationwide, RFI have built a strong reputation in supply of both on-grid and off-grid systems for residential, industrial and commercial applications. The company has its' headquarters and national distribution centre in Sydney, and offices in Melbourne, Brisbane, Perth and Adelaide with over 180 staff. For further information, please visit, please visit http://www.rfi.com.au .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    For further information, please contact:

    Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)
     Thomas Young, Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

    Brunswick Group
     Caroline Jinqing Cai
     Phone: +86-10-6566-2256
     Michael Fuchs
     Phone: +86-10-6566-2256
     Email: trina@brunswickgroup.com

No action is required from ADS holders to effect the ratio change. Trina Solar's ADS holders as of January 15, 2010 will be entitled to receive one additional ADS for every one ADS held at the close of business on that date. The additional ADSs will be issued to the ADS holders on January 19, 2010. Trading on the split-adjusted price resulting from the change of ratio will be effected on January 20, 2010. Other than such ADS price change, the trading of the Company's ADSs will not be affected due to the ADS ratio change.

For Trina Solar's ADS holders, this ratio change will have the same effect as a two-for-one ADS split. There will be no change to Trina Solar's underlying ordinary shares.

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

    For further information, please contact:

    Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)

     Thomas Young, Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

    Brunswick Group
     Caroline Jinqing Cai
     Phone: +86-10-6566-2256

     Michael Fuchs
     Phone: +86-10-6566-2256
     Email: trina@brunswickgroup.com

    The Bank of New York Mellon
     Jason Smith
     Global Capital Markets Group, New York
     Phone: +1-212-815-3874
     Cell:  +1-917-693-2911
     Fax:   +1-8212-815-3004
     Email: jason.smith@bnymellon.com

     Damon Rowan
     Global Capital Markets Group, London
     Phone: +44-207-964-6527
     Cell:  +44-7920-504932
     Fax:   +44-207-964-6427
     Email: damon.rowan@bnymellon.com

     Joe Oakenfold
     Global Capital Markets Group, Hong Kong
     Phone: +852-2840-9717
     Cell:  +852-9086-1277
     Fax:   +852-2877-0863
     Email: joe.oakenfold@bnymellon.com

In the current fourth quarter of 2009, Trina Solar entered into a new sales agreement to supply approximately 8 MW of PV modules products at predetermined prices to the Chinese domestic market. Shipments commenced in November and are scheduled to continue through to the end of December 2009.

The Company also recently received government approval for a project of approximately 2 MW under the Golden Sun program, which aims to install approximately 20 MW of solar power capacity in every province.

The Company continues to monitor opportunities to participate in utility-scale domestic projects, and believes its strong brand recognition, leading cost platform and system integration experience will allow it to capture a growing share of China's PV market.

"We look forward to playing an increasingly active role in China's expanding solar market," said Jifan Gao, Trina Solar's Chairman and CEO. "Trina has a strong background in system integration, a capability that is backed by solid experience. We are committed to promoting the adoption of clean, reliable solar power in the domestic market and helping China to achieve its 2020 renewable energy targets."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL - News) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

    For further information, please contact:

    Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)
     Thomas Young, Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

    Brunswick Group
     Caroline Jinqing Cai
     Phone: +86-10-6566-2256
     Michael Fuchs
     Phone: +86-10-6566-2256
     Email: trina@brunswickgroup.com

CHANGZHOU, China, Nov. 19 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL - News; "Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced its financial results for the third quarter ended September 30, 2009.

   Third Quarter 2009 Financial and Operating Highlights
    -- Solar module shipments were approximately 123 MW, above the Company's
       previous guidance of 90 MW to 110 MW, representing an increase of 91.9%
       sequentially and 84.7% year-over-year
    -- Net revenues were $249.7 million, representing an increase of 66.5%
       sequentially and a decrease of 14.1% year-over-year
    -- Gross margin was 28.5%, above the Company's guidance of 23.5% to 26.5%,
       compared to 27.4% sequentially and 22.4% year-over-year
    -- Operating income and operating margin were $45.5 million and 18.2%,
       respectively, compared to $18.6 million and 12.4%, respectively, in the
       second quarter of 2009
    -- Net income was $40.1 million, compared to $18.9 million in the second
       quarter of 2009
    -- Earnings per fully-diluted ADS was $1.29

"We are very pleased with our strong third quarter performance, which saw the highest shipment volumes and net income in our operating history and exceeded our previous guidance in shipment and gross margin," said Jifan Gao, Chairman and CEO of Trina Solar. "We are seeing even stronger demand in the fourth quarter, reflecting increasing brand recognition for our products and a further improvement in financing conditions. Additionally, our focused strategy to deliver the highest product quality and performance to a diversified portfolio of end-markets has afforded us with increasing visibility into 2010's first quarter despite seasonal market effects.

"With our third quarter results, successful follow-on public offering and five-year syndicated credit facility for our East Campus capacity expansion project, we have further strengthened our balance sheet as we continue to improve our market leading manufacturing efficiencies."

Recent Business Highlights During the third quarter of 2009, the Company -- Completed a follow-on public offering in August 2009 of 5,175,000 American depositary shares ("ADSs"), each representing 100 ordinary shares, of which the Company received aggregate net proceeds of approximately $142.5 million -- Obtained a five-year syndicated loan facility of approximately $304 million to support its East Campus capacity expansion project -- Extended its eight-year long-term supply agreement with Jiangsu Zhongneng Polysilicon Technology Development Co. Ltd, a subsidiary of GCL-Poly Energy Holdings Limited ("GCL-Poly") by another five years. Initial delivery of polysilicon to Trina Solar began in April 2008. -- Entered into a new sales agreement to supply Kerself S.p.A. approximately 73 MW of PV modules, with expected shipment of 23 MW in the fourth quarter of 2009 and 25 MW in each of the first and second quarters of 2010 -- Selected by Renewable Ventures, a Fotowatio Company, to supply modules for a 2 MW PV project for Colorado State University in Fort Collins, Colorado Subsequent to the third quarter of 2009, the Company -- Entered into a new sales agreement to supply Proyectos Integrales Solares S.L. ("PROINSO") with up to 120 MW of PV modules with shipments up to 38 MW and 42 MW expected in the fourth quarter of 2009 and the first quarter of 2010, respectively

Net Revenues

Trina Solar's net revenues in the third quarter of 2009 were $249.7 million, an increase of 66.5% sequentially and a decrease of 14.1% year-over-year. Total shipments were 122.6 MW, compared to 63.9 MW in the second quarter of 2009 and 66.4 MW in the third quarter of 2008. The sequential increase in total shipments was primarily due to improved demand conditions in major European markets, improved customer access to PV system purchase financings and increasing number of government incentive programs for solar energy projects in Europe, North America and Asia. The sequential decrease in net revenues was due to lower module average selling prices in the third quarter of 2009, compared to the third quarter of 2008.

Gross Profit and Margin

Gross profit in the third quarter of 2009 was $71.1 million, compared to $41.2 million in the second quarter of 2009 and $65.2 million in the third quarter of 2008. Gross margin was 28.5% in the third quarter of 2009, compared to 27.4% in the second quarter of 2009 and 22.4% in the third quarter of 2008. The sequential and year-over-year improvements were due primarily to lower average silicon purchase prices. The Company continued to focus its efforts on reducing its manufacturing cost per watt through ongoing efficiency gains linked to its lean manufacturing initiatives and improved supply chain management, including second sourcing options. Additional yield enhancements were achieved from manufacturing techniques involving proprietary process in our ingot, wafer, cell and module value areas, and higher cell conversion efficiencies.

Operating Expense, Income and Margin

Operating expenses in the third quarter of 2009 were $25.6 million. The Company's operating expenses accounted for 10.3% of net revenues in the third quarter of 2009, a decrease from 15.0% in the second quarter of 2009 and an increase from 6.3% in the third quarter of 2008. The sequential improvement as a percentage of revenue was primarily due to increased net revenue and the Company's cost control initiatives, while the year-to-year decrease was primarily due to lower module average selling prices. Operating expenses in the third quarter of 2009 include a $3.6 million write-off of accounts receivable, compared to $5.7 million in the second quarter. Operating expenses also include $1.2 million in share-based compensation expenses, compared to $0.9 million in the second quarter of 2009 and $0.6 million in the third quarter of 2008.

Operating income in the third quarter of 2009 was $45.5 million, compared to $18.6 million in the second quarter of 2009 and $46.8 million in the third quarter of 2008. Operating margin was 18.2% in the third quarter of 2009, compared to 12.4% in the second quarter of 2009 and 16.1% in the third quarter of 2008.

Net Interest Expense

Net interest expense in the third quarter of 2009 was $5.9 million, compared to $5.8 million in the second quarter of 2009 and $7.2 million in the third quarter of 2008.

Foreign Currency Exchange

Foreign currency exchange net gain was $7.9 million in the third quarter of 2009, compared to a net gain of $10.5 million in the second quarter of 2009 and a net loss of $4.9 million in the third quarter of 2008. This net gain was primarily due to the appreciation of the Euro against the U.S. dollar in the third quarter, and includes the Company's utilization of foreign currency forward contracts to hedge its foreign currency risk exposure.

The Company continued foreign currency hedging during the third quarter of 2009 using foreign currency forward contracts between the Euro and the U.S. dollar, with the goal of mitigating, to some extent, the effects of exchange rate volatility.

Net Income and EPS

Net income was $40.1 million in the third quarter of 2009, an increase from $18.9 million in the second quarter of 2009 and $32.1 million in the third quarter of 2008. Net income includes the impact of the approximate $3.6 million write-off of accounts receivable and a foreign currency exchange net gain of $7.9 million.

Net margin was 16.1% in the third quarter of 2009, compared to 12.6% in the second quarter of 2009 and 11.0% in the third quarter of 2008.

Earnings per fully diluted ADS were $1.29. The effect of the accounts receivable write-off was approximately $0.11 per fully diluted ADS.

Financial Condition

As of September 30, 2009, the Company had $384.8 million in cash and cash equivalents, and restricted cash. The Company's working capital balance was $250.4 million. As of September 30, 2009, total bank borrowings stood at $381.3 million, of which $24.3 million were long-term borrowings. Shareholders' equity was $626.1 million as of September 30, 2009, compared to $443.2 million as of June 30, 2009.

In July 2009, the Company borrowed approximately $80 million in loans due on June 30, 2010 from a domestic bank to support its East Campus capacity expansion project. The loans were denominated in Euros, U.S. dollars and Renminbi. The loans were subsequently repaid in October 2009 as part of the five-year project financing arrangement that the Company finalized in September of 2009.

In September 2009 the Company obtained a five-year syndicated loan facility of approximately $304 million to support its East Campus capacity expansion project. The loan facility, which is denominated in both U.S. dollars and Renminbi, will be used to finance its 500 MW capacity expansion project to be completed over the next three years. The first drawdown occurred in October 2009 in accordance with the schedule agreed with the lenders.

As of October 31, 2009, the Company's total credit lines, including the long-term syndicated loan facility, were approximately $850 million, which includes approximately $280 million of unused available credit line.

Follow-on Offering

In August 2009, Trina Solar completed its follow-on public offering of 5,175,000 ADSs, including additional 675,000 ADSs in an over-allotment option exercised by the underwriters. The Company received aggregate net proceeds of approximately $142.5 million, after deducting underwriting discounts and commissions.

The Company intends to use the net proceeds from the offering to repurchase some of its 4.0% convertible senior notes due 2013 and to fund facilities expansion and other general corporate purposes. The Company's management will retain broad discretion over the use of proceeds, and the Company may ultimately use the proceeds for different purposes.

Fourth Quarter and Full Year Guidance

For the fourth quarter of 2009, the Company expects to ship between 145 MW to 165 MW of PV modules. The Company believes its gross margin for the fourth quarter of 2009 will likely be between 25% and 27%.

For the full year of 2009 the Company expects total PV module shipments to be between 380 MW and 400 MW, compared to its earlier guidance of between 350 MW to 400 MW, representing an increase of 89.1% to 99.0% from 2008.

Operations and Business Outlook

Non-Silicon Cost Reduction

In the third quarter of 2009, the Company's non-silicon manufacturing cost for its combined monocrystalline and multicrystalline module production decreased to approximately $0.82 per watt, including depreciation. The Company expects multicrystalline modules to comprise approximately 70% of its production in 2009.

For the full year 2009, the Company reiterates expectations to reduce its manufacturing costs by between 15% to 20% through a combination of technology and lean manufacturing process improvements together with its supply chain and logistics management initiatives.

Silicon Procurement

In September 2009 the Company extended its eight-year long-term supply agreement with Jiangsu Zhongneng Polysilicon Technology Development Co. Ltd, a subsidiary of GCL-Poly by another five years. Initial delivery of polysilicon to Trina Solar began in April 2008.

Under the adjusted terms, the total consideration remains unchanged from the combined total of the original and supplemental agreements signed in 2008, whereas additional polysilicon and wafer deliveries will be provided starting in 2016 for a five year period at pre-determined shipment volumes and prices. The agreement also provides for price adjustments based on market price movements. GCL-Poly will supply the Company with high-quality polysilicon and wafers sufficient to produce approximately 8,500 MW of solar modules over 13 years.

The Company maintains a diversified feedstock procurement strategy, consisting of short, medium and long-term supply contracts, which include agreements entered into in the third quarter of 2007. The Company will continue to maintain competitive silicon costs relative to the current market prices. Several of the Company's long-term contracts contain price adjustment clauses that are closely linked to the prevailing market price. The Company continues to renegotiate other medium-term and long-term contracts in an effort to achieve favorable pricing and payment terms relative to current market conditions.

Product Development Update

Drawing from its on-site research and development and quality test laboratory capabilities, the Company is developing a variety of PV solar product applications to complement its existing lines of monocrystalline and multicrystalline modules. These include architecturally friendly module applications of different colors and shapes, larger size modules, and a crystalline-based BIPV roof product currently in advanced prototype stage. The Company is currently performing market evaluation for potential sales introduction in 2010.

Cell and Module Capacity

Through yield increases achieved from improved cell conversion efficiency rates, improved production efficiencies and manufacturing line enhancements, the Company has increased its annualized in-house production capacities of PV cells and modules to approximately 450 MW as of September 2009. The Company is currently adding 150 MW of cell and module capacity as part of its East Campus capacity expansion project, to achieve a targeted annualized cell and module production capacity of 600 MW by the end of 2009.

To meet the expected demand for its PV solar module products, the Company expects to achieve a total annualized cell and module production capacity of between 850 MW and 950 MW by the end of 2010.

Capacity Expansion Strategy

To maximize the impact of its capital expenditures, the Company shall increase its investment in cell and module capacity to exceed its investment in ingot and wafer capacity, The Company intends to meet its peak demand for PV solar modules by externally sourcing a certain amount of wafers at favorable prices to supplement its internal ingot and wafer manufactured capacity. The Company believes that this strategy will allow it to meet or exceed its target to lower the non-silicon manufacturing costs for its core manufacturing capability.

Conference Call

The Company will host a conference call at 7:00 a.m. ET on November 19, 2009, to discuss the results for the quarter ended September 30, 2009. Joining Jifan Gao, Chairman and CEO of Trina Solar, will be Terry Wang, Chief Financial Officer, Sean Tzou, Chief Operating Officer, and Thomas Young, Director of Investor Relations. Supplemental information will be made available on the Investors Section of the Trina Solar's website at http://www.trinasolar.co... .

To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 1(800)884-2382. International callers should dial +1(660)422-4933. The conference ID for the call is 374-48405.

If you are unable to participate in the call at this time, a replay will be available on November 19 at 11:00 a.m. ET through December 3, 2009 at 11:59 p.m. ET. To access the replay, dial 1(800)642-1687. International callers should dial +1(706)645-9291, and enter the conference ID 374-48405.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties on Trina Solar's website at http://www.trinasolar.co... . To listen to the live webcast, please go to Trina Solar's website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on Trina Solar's website for 90 days.

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL - News) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

Trina Solar Limited Unaudited Consolidated Statement of Operations (U.S. dollars in thousands, except ADS and share data) For the Three Months Ended September 30, June 30, September 30, 2009 2009 2008 Net revenues $249,750 $150,005 $290,723 Cost of revenues 178,677 108,829 225,533 Gross profit 71,073 41,176 65,190 Operating expenses Selling expenses 8,295 5,613 6,780 General and administrative expenses 15,828 15,857 11,018 Research and development expenses 1,481 1,062 502 Polysilicon project discontinuance -- -- 102 Total operating expenses 25,604 22,532 18,402 Operating income 45,469 18,644 46,788 Foreign exchange gain or (loss) 12,154 13,734 (4,882) Interest expenses (6,178) (6,089) (7,764) Interest income 268 286 608 Loss on change in fair value of derivative (4,247) (3,232) -- Other expenses, net 839 (4) 1 Income before income taxes 48,305 23,339 34,751 Income tax expenses (8,200) (4,399) (2,698) Net income $40,105 $18,940 $32,053 Earnings per ADS Basic 1.41 0.75 1.28 Diluted 1.29 0.71 1.17 Weighted average ADS outstanding Basic 28,350,368 25,104,137 25,037,307 Diluted 32,478,303 29,177,331 28,394,335 Trina Solar Limited Unaudited Consolidated Balance Sheet (U.S. dollars in thousands) September 30, June 30, December 31, 2009 2009 2008 ASSETS Current assets: Cash and cash equivalents $346,824 $180,038 $132,224 Restricted cash 37,943 23,817 44,991 Marketable Securities 4,479 3,931 -- Inventories 62,987 69,360 85,687 Accounts receivable, net 288,962 178,595 105,193 Current portion of advances to suppliers 39,231 31,082 42,247 Prepaid expenses and other current assets, net 19,933 12,183 9,541 Total current assets 800,359 499,006 419,883 Property, plant and equipment 417,470 366,793 357,594 Prepaid land use right 27,564 27,705 26,915 Advances to suppliers - long-term 116,440 114,937 130,352 Deferred tax assets 7,699 6,399 2,808 Other noncurrent assets 1,962 2,172 2,564 TOTAL ASSETS $1,371,494 $1,017,012 $940,116 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term borrowings, including current portion of long-term debt $356,944 $267,817 $248,558 Accounts payable 146,007 75,842 62,504 Income tax payable 12,593 6,768 3,649 Accrued expenses and other current liabilities 34,410 21,784 21,003 Total current liabilities 549,954 372,211 335,714 Long-term bank borrowings 24,308 33,080 14,631 Long-term advances from customers -- -- -- Convertible note payable 134,655 134,188 133,248 Accrued warranty costs 17,626 15,196 12,473 Other noncurrent liabilities 18,893 19,087 10,993 Total liabilities 745,436 573,762 507,059 Ordinary shares 35 30 30 Additional paid-in capital 453,473 310,775 308,898 Retained earnings 161,135 121,030 112,713 Other comprehensive income 11,415 11,415 11,416 Total shareholders' equity 626,058 443,250 433,057 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $1,371,494 $1,017,012 $940,116 For further information, please contact: Trina Solar Limited Terry Wang, CFO Phone: +86-519-8548-2009 (Changzhou) Thomas Young, Director of Investor Relations Phone: +86-519-8548-2009 (Changzhou) Email: ir@trinasolar.com Brunswick Group Caroline Jinqing Cai Phone: +86-10-6566-2256 Michael Fuchs Phone: +86-10-6566-2256 Email: trina@brunswickgroup.com

Joining Jifan Gao, Chairman and CEO of Trina Solar on the call will be Terry Wang, Chief Financial Officer, Sean Tzou, Chief Operating Officer and Thomas Young, Director of Investor Relations. The Company plans to distribute its earnings announcement by 5:00 a.m. ET November 19, 2009 and supplementary information will be made available on the Investors Section of Trina Solar's website at http://www.trinasolar.co... shortly after.

To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 1(800)884-2382. International callers should dial +1(660)422-4933. The conference ID for the call is 374-48405.

If you are unable to participate in the call at this time, a replay will be available on November 19 at 11:00 a.m. ET, through December 3, at 11:59 p.m. ET. To access the replay, dial 1(800)642-1687, international callers should dial +1(706)645-9291, and enter the conference ID 374-48405.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties on Trina Solar's website at http://www.trinasolar.co... . To listen to the live webcast, please go to Trina Solar's website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on Trina Solar's website for 90 days.

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL - News) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co....

    For further information, please contact:

    Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)

     Thomas Young, Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

    Brunswick Group
     Caroline Jinqing Cai
     Phone: +86-10-6566-2256

     Michael Fuchs
     Phone: +86-10-6566-2256
     Email: trina@brunswickgroup.com

Joining Jifan Gao, Chairman and CEO of Trina Solar on the call will be Terry Wang, Chief Financial Officer, Sean Tzou, Chief Operating Officer and Thomas Young, Director of Investor Relations. The Company plans to distribute its earnings announcement before the call.

To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 1(800)884-2382. International callers should dial +1(660)422-4933. The conference ID for the call is 374-48405.

If you are unable to participate in the call at this time, a replay will be available on November 19 at 10:00 a.m. ET through December 3, 2009 at 11:59 p.m. ET. To access the replay, dial 1(800)642-1687, and international callers should dial +1(706)645-9291. Then enter the conference ID 374-48405.

This conference call will be broadcast live over the Internet and can be accessed by all interested parties on Trina Solar's website at http://www.trinasolar.co... . To listen to the live webcast, please go to Trina Solar's website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on Trina Solar's website for 90 days.

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL - News) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

    For further information, please contact:

     Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)
     Thomas Young, Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

     Brunswick Group
     Caroline Jinqing Cai
     Phone: +86-10-6566-2256
     Michael Fuchs
     Phone: +86-10-6566-2256
     Email: trina@brunswickgroup.com

Under the terms of the agreement, Trina Solar will supply PROINSO with approximately 108 MW of PV modules at predetermined prices. PROINSO has an option to purchase an additional 12 MW in the first quarter of 2010. Shipments are expected to commence in the fourth quarter of 2009 and are scheduled to continue through the first half of 2010. The modules are expected to be used in solar projects in the European markets, including Italy and Spain. Shipment deliveries of 38 MW and 42 MW are expected to be made in the fourth quarter of 2009 and the first quarter of 2010, respectively.

"We are excited to be expanding our existing relationship with PROINSO, and we look forward to continuing this relationship into 2010 and beyond," said Ben Hill, Vice President of Sales and Marketing (Europe) at Trina Solar. "The combination of PROINSO's extensive experience and expertise in solar energy products, coupled with Trina Solar's recognized quality, will allow us to further increase market share in established markets across Europe."

"We are pleased to enter into this sales agreement with a well recognized manufacturer like Trina Solar," declared Mr. Gustavo Carrero, Marketing Director of PROINSO. "As one of Spain's leading distributors for solar photovoltaic equipment, we have chosen to partner with Trina Solar to bring their premium performance modules to major solar plant projects in Europe."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL - News) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

About PROINSO

PROINSO is part of the OPDE Group business group, which is comprised of the following companies: MECASOLAR, PROINSO, and OPDE. The group offers a complete solution that includes dual-axis solar tracker manufacturing, materials engineering and supply, installation and global development and construction of photovoltaic solar plants. The group offers an integrated service that spans the entire photovoltaic business value chain, imparting all of the experience gained from each segment of the value chain. For further information, please visit PROINSO's website at http://www.proinso.net .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

    For further information, please contact:

     Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)

     Thomas Young, Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

     Brunswick Group
     Caroline Jinqing Cai
     Tel:   +86-10-6566-2256

     Michael Fuchs
     Tel:   +86-10-6566-2256
     Email: trina@brunswickgroup.com

Under the adjusted terms of this agreement, the total consideration will remain unchanged from the combined total of the original and supplemental agreements signed in 2008, whereas additional polysilicon and wafer deliveries will be provided starting in 2016 for a five year period at pre-determined shipment volumes and prices. The agreement also contains a price adjustment clause that offers a market-linked price formula. GCL-Poly will supply the Company with high-quality polysilicon and wafers sufficient to produce approximately 8,500 MW of solar modules over 13 years. Wafer deliveries to commence in 2010 are expected to support production above the Company's in-house integrated manufacturing capabilities to address growing customer demand.

"We are very pleased to strengthen our long-term relationship with GCL-Poly by further extending the tenure of the agreement," said Jifan Gao, Trina Solar's Chairman and CEO. "This extension will provide a stable source of high-quality materials as well as support our cost reduction initiatives to solidify our position as a high-quality global integrated PV manufacturer."

"We are pleased to extend our business relationship with Trina Solar whom we value as a strategic long-term customer," said Mr. Zhu Gong Shan, Executive Director, Chairman and CEO of GCL-Poly. "We look forward to continue delivering high-quality polysilicon and wafers on schedule through 2020."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL - News) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.co... .

About GCL-Poly Energy Holdings Limited

GCL-Poly Energy Holdings Limited (SEHK: 3800 - News) is a world leading polysilicon manufacturer for the solar industry and a leading integrated green energy enterprise in China. Production capacity of GCL Solar, a subsidiary of the Group, is expected to reach 18,000 metric tonnes of polysilicon by the end of 2009, and 1 GW of solar wafers by mid 2010. In addition, the Group operates a total of 18 cogeneration power plants, 1 incineration power plant and 1 windpower plant. Most of these plants are located in Jiangsu and Zhejiang provinces with strong economic growth and robust demand for electricity and steam. All these plants are advocated and encouraged by Chinese government.

For more information about GCL-Poly, please visit the company's website at http://www.gcl-poly.com.... .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    For further information, please contact:

    Trina Solar Limited
     Terry Wang, CFO
     Phone: +86-519-8548-2009 (Changzhou)
     Thomas Young, Director of Investor Relations
     Phone: +86-519-8548-2009 (Changzhou)
     Email: ir@trinasolar.com

    Brunswick Group
     Caroline Jinqing Cai
     Phone: +86-10-6566-2256
     Michael Fuchs
     Phone: +86-10-6566-2256
     Email: trina@brunswickgroup.com