LDK Solar Announces Resignation and Appointment
XINYU CITY, China and SUNNYVALE, Calif., July 18, 2011 - LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic (PV) products, today announced (i) the resignation yesterday of Mr. Louis Tung-jung Hsieh, formerly an independent director, from its board of directors and (ii) the appointment today 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 today. 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.