It was announced today simultaneously in China and Sunnyvale, California that LDK Solar Co., Ltd., which is a leading manufacturer of multi-crystalline solar power panel wafers, announced today that it has signed a contract to supply multi-crystalline solar power panel wafers to China-based Solarfun Power Holdings Co., Ltd.

Under the solar financial terms of the solar supply agreement, solar pricing is fixed for the entire contract period. During this period, LDK Solar will deliver multi-crystalline solar power panel wafers to Solarfun valued at approximately $250 million US dollars with solar power panel wafers delivery commencing in early 2008 and running through 2010.

"This supply agreement with Solarfun demonstrates our continued business momentum and growing demand for LDK's high-quality silicon wafers," stated Sam Tong, President and COO of LDK Solar. "Solarfun is a leading global manufacturer of solar cell products and we are pleased to continue partnering with them as we execute on our growth plans."