China Sunergy announced that it had received a letter from the Listing Qualifications Department of the NASDAQ Stock Market, on September 3, 2015 (the "Letter"), informing the Company that it does not comply with a Nasdaq maintenance standard set forth in Nasdaq Listing Rules (the "Listing Rule") 5450(b)(3)(C) related to the maintenance of minimum market value of publicly held shares ("MVPHS") of $15,000,000.
Pursuant to the Listing Rule 5810(c)(3)(D), the Company is provided with a compliance period of 180 calendar days to regain compliance. If at anytime during this compliance period the Company's MVPHS closes at $15,000,000 or more for a minimum of ten consecutive business days, it will receive a written confirmation of compliance and this matter will be closed.
This announcement is being made in compliance with Listing Rule 5810(b), which requires prompt disclosure of receipt of a noncompliance letter.