LDK Solar: Louis Tung-jung Hsieh resigns

Xinyu City, China/Sunnyvale, USA - LDK Solar announced the resignation of Mr. Louis Tung-jung Hsieh, formerly an independent director, from its board of directors and the appointment of Mr. Maurice Wai-fung Ngai as an independent director to fill the vacancy created by Mr. Hsieh.

Mr. Bing Xiang will take up the role as the acting chairman of the audit committee of the LDK board in place of Mr. Hsieh until Mr. Ngai assumes the chairmanship. Mr. Ngai has signed a service agreement with LDK Solar. Mr. Ngai is joining the LDK Solar board as a class I director with an initial term to expire upon the conclusion of the annual general meeting of the LDK Solar shareholders later this year and is eligible for re-election for a term of three years at such annual general meeting.

Mr. Xiaofeng Peng, Chairman and CEO of LDK Solar, stated: "We are grateful to have Louis Hsieh as one of our independent directors and our AC chairman for the past several years. We have benefitted from his wisdom and insight in various areas of the corporate governance. The LDK Solar board wishes to acknowledge, with appreciation, the efforts and contributions Louis made to the Company. We wish him well in his endeavors."

Source: IWR Online, 19 Jul 2011