Change in the Executive Board Sinosol AG

Experienced manager appointed to member of the executive board

(PresseBox) ( Stuttgart, )
In its meeting today, the supervisory board of Sinosol AG has appointed Mr. Norbert Unterharnscheidt (54) with immediate effect as member of the executive board. He will lead the company together with Mr. Ying Li, member of the executive board and CEO (35).

Norbert Unterharnscheidt studied business and engineering and worked for several years in accounting and consulting as an executive manager, such as CFO and industrial relations director at Rothenberger, Voith, Paul Hartmann and lastly at Hugo Boss.

Norbert Unterharnscheidt is succeeding Mr. Raphael Krause, who has been heading and developing the international PV-Project business and the finance sectors of the company. Due to personal reasons and in the best mutual agreement with the supervisory board, Mr. Krause is not extending his mandate beyond December 31st, 2010. Mr. Krause will be available to the company as a consultant for an interim period. The Supervisory Board thanks Mr. Krause for his very committed and dedicated work for the company in the past five years and wishes him all the best for his professional and private future.

Sven P. Krug is also leaving the executive board of Sinosol AG, effective December 31st, 2010, upon his own request. Mr. Krug has been heading and developing the wholesale, logistics, marketing, product technology and quality audit sectors of Sinosol AG since 2008. Mr. Krug will remain amicably affiliated with and is available as a consultant to the company. The supervisory board thanks Mr. Krug for his very committed and dedicated work for the company in the past three years and wishes him all the best for his professional and private future.

Due to his many years of broad experience Mr. Unterharnscheidt will especially contribute to the further expansion of the rapidly growing European business.

The supervisory board.
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