Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINA SOLAR ENERGY HOLDINGS LIMITED

*

(Incorporated in Bermuda with limited liability)

(Stock Code: 155) ANNOUNCEMENT

This announcement is made by China Solar Energy Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to the Rules 13.09 and 13.24A of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571).
Reference is made to the announcements (the "Announcements") of the Company dated 18
October 2013, 20 December 2013, 14 February 2014, 3 March 2014, 9 April 2014, 13 May
2014 and 18 June 2014 regarding, among other matters, the Allegations and Further Allegations made against the Changzhou Subsidiary and the Relevant Directors. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements.
As disclosed in the announcement of the Company dated 20 December 2013, in September
2013, Huaxia Bank commenced proceedings (the "Huaxia Case") against, among other parties, Jiangsu Zhunti, the Changzhou Subsidiary, Mr. Yeung and Mr. Yang which involved a security of loan (the "Loan") in an aggregate principal amount of RMB32,500,000.

* For identification purpose only

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As advised by the PRC legal advisers of the Changzhou Subsidiary, on 17 June 2014, Jiangsu Province Wuxi Intermediate People's Court# ( ) handed down the civil judgment (the "Civil Judgment") ( $#"ik:il) of the Huaxia Case, whereby it was held, among others, that (a) Jiangsu Zhunti shall within 10 days from the effective date of the Civil Judgment repay the principal amount of the Loan, the interests accrued thereon and legal fees (the "Legal Fees") of approximately RMB342,000 incurred by the Huaxia Bank in relation to the Huaxia Case to Huaxia Bank; (b) the Changzhou Subsidiary and Mr. Yeung, as guarantor of part of the Loan, shall be jointly liable to repay the principal amount of the Loan of up to RMB17,000,000, the interests accrued thereon and part of the Legal Fees of approximately RMB179,000 (the "Guaranteed Obligation"); (c) Huaxia Bank shall be entitled to acquire the Land, or to exercise a power of sale or auction of the Land, the proceeds of which will be used to satisfy the Guaranteed Obligation; (d) Mr. Yeung and his spouse, as guarantor of part of the Loan, shall be jointly liable to repay the principal amount of the Loan of up to RMB15,500,000, the interests accrued thereon and part of the Legal Fees of approximately RMB163,000; (e) Huaxia Bank shall be entitled to acquire two properties (the "Properties") which were pledged by Mr. Yang in securing part of the Loan, or to exercise a power of sale or auction of the Land, the proceeds of which will be used to satisfy the guarantee given by Mr. Yang, for up to RMB7,000,000 and RMB5,000,000 respectively; (f) Huaxia Bank's claim of the alleged guaranteed obligation of up to RMB12,830,000 assumed by the Changzhou Subsidiary is rejected; and (g) the defendants to the Huaxia Case shall be severally liable to pay the court fees in the Huaxia Case as particularised in the Civil Judgment.
It was further advised in the Civil Judgment that Mr. Yeung and his spouse are entitled to file an appeal to Jiangsu Province Wuxi Intermediate People's Court within 30 days from the date of service of the Civil Judgment, while Huaxia Bank, Jiangsu Zhunti, the Changzhou Subsidiary, Mr. Yang and other defendants to the Huaxia Case are entitled to file an appeal to Jiangsu Province Wuxi Intermediate People's Court within 15 days from the date of service of the Civil Judgment. The appeal will be heard in Jiangsu Province Higher People's Court#(
).
As at the date of this announcement, the Company is not aware of any payment or appeal made by or other actions taken by any parties to the Huaxia Case and the PRC Legal advisers of the Changzhou Subsidiary will closely monitor the further development of the Huaxia Case. Further announcement(s) will be made by the Company as and when appropriate in compliance with the Listing Rules.
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CONTINUED SUSPENSION OF TRADING IN SHARES

Trading in the shares (the "Shares") of the Company will continue to be suspended until further notice. Shareholders and potential investors of the Company should exercise caution when dealing in the Shares.
By Order of the Board

China Solar Energy Holdings Limited Jin Yan

Executive Director

Hong Kong, 27 June 2014

# The English translation of Chinese names or words in this announcement, where indicated, are included for information purpose only, and should not be regarded as the official English translation of such Chinese names or words.

As at the date of this announcement, the executive Directors are Mr. Yeung Ngo, Mr. Yang Yuchun, Ms. Jin Yan, Mr. Sun Yanfeng and Mr. Guo Lijie; the non-executive Director is Mr. Li Jian and the independent non-executive Directors are Mr. Yin Tat Man, Mr. Gu Yizhong, Mr. Liu Junhai, Mr. Ding Aiguo and Mr. Kong Xiaofeng.

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