NASDAQ, SOLF - Solarfun Power Holdings Co. Ltd.
We commenced operations through Linyang China, in August 2004. Linyang China
was a 68%-owned subsidiary of Jiangsu Linyang Electronics Co., Ltd., or Linyang
Electronics, at the time of its establishment on August 27, 2004. Linyang
Electronics is one of the leading electricity-measuring instrument manufacturers
in China. In anticipation of our initial public offering, we incorporated
Solarfun Power Holdings Co., Ltd., or Solarfun, in the Cayman Islands on May 12,
2006 as our listing vehicle. To enable us to raise equity capital from investors
outside of China, we established a holding company structure by incorporating
Linyang Solar Power Investment Holding Ltd., or Linyang BVI, in the British
Virgin Islands on May 17, 2006. Linyang BVI is wholly owned by Solarfun. Linyang
BVI purchased all of the equity interests in Linyang China on June 2, 2006. ...
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