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Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of January, 2008
Commission File Number 1-33208
SOLARFUN POWER HOLDINGS CO., LTD
666 Linyang Road
Qidong, Jiangsu Province 226200
People's Republic of China
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F |X| Form 40-F |_|
(Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1).)
Yes |_| No |X|
(Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7).)
Yes |_| No |X|
(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes |_| No |X|
(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- )
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Solarfun Power Holdings Co., Ltd. (the "Registrant") is furnishing under the
cover of Form 6-K:
99.1 Press release, dated January 3, 2008, regarding Solarfun Signs $230 Million
Wafer Supply Contract
Exhibit 99.1
Solarfun Signs $230 Million Wafer Supply Contract
SHANGHAI, China--(BUSINESS WIRE)--Jan. 3, 2008--Solarfun Power
Holdings Co., Ltd. (NASDAQ: SOLF), an established manufacturer of
photovoltaic (PV) cells, modules and ingots in China, today announced
the signing of three contracts for sale and delivery of wafers
totaling $230 million over a seven-year period with a major Korean
conglomerate.
According to the agreements Solarfun will receive a predetermined
amount of wafers beginning in January 2008 with volumes reaching over
30 MW per year in 2011. The prices will be fixed with a declining
price structure throughout the term of the contract. Additionally, the
Korean firm will hold options to purchase back a certain percentage of
the wafers as modules beginning in 2009.
"We are pleased to develop a long term partnership with a proven
player and look forward to growing our relationship with them in many
areas," said Solarfun's Chairman Lu Yonghua. "This contract will be a
key factor towards fulfilling our immediate expansion goals of 360 MW
in production capacity by mid-2008 and allows us to explore OEM as a
possible addition to our business model."
About Solarfun Power Holdings Co, Ltd.
Solarfun Power Holdings Co, Ltd. manufactures ingots and PV cells
and modules and supplies solar system integration services in China.
The Company produces both monocrystalline and multicrystalline silicon
cells and modules, and manufactures 100% of its modules with in-house
produced PV cells. Solarfun sells its products both through
third-party distributors and directly to system integrators. The
Company was founded in 2004 and its products have been certified to
TUV and UL safety and quality standards. SOLF-G
http://www.solarfun.com.cn
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Such statements
involve certain risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Solarfun does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
CONTACT: Solarfun Power Holdings Co., Ltd.
Investor Relations
Tel: 8621-6306-8907
IR@solarfun.com.cn
or
Christensen
Peter Homstad, +1 480 614 3000
phomstad@ChristensenIR.com
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SOLARFUN POWER HOLDINGS CO., LTD
By: /s/ Mr. Yonghua Lu
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Name: Mr. Yonghua Lu
Title: Chairman and CEO
Date: January 3, 2008