Hanergy Holdings Group Company Ltd. signed an agreement to acquire Solibro GmbH from Q-Cells SE (XTRA:QCE) on June 5, 2012. For the year ending December 31, 2011, Solibro GmbH had revenue of €67 million. Solibro's workforce or the leadership will not be changed. Solibro's operations will remain unaffected. Citigroup Global Markets Deutschland AG acted as a financial advisor to Q-Cells. Ulrike Binder, Christof Gaudig and Xiangyang Ge of Mayer Brown LLP acted as legal advisors to Hanergy Holdings. N M Rothschild & Sons Limited acted as the financial advisor for Hanergy. Sebastian Voigt, Jens Gehlich, Stephan Kolmann, Hui Zhao, Sebastian Wündisch, Uwe Brendler, Marlies Raschke, Katharina Klett, Fabian Badtke and Hanne Kara of Noerr LLP acted as legal advisor for Q-Cells SE. Rechtsanwalt Henning Schorisch of hww wienberg wilhelm acted as provisional insolvency administrator in the deal.

Hanergy Holdings Group Company Ltd. completed the acquisition of Solibro GmbH from Q-Cells SE (XTRA:QCE) on September 26, 2012.