SolarWorld AG: Insolvency

11.05.2017

After conducting a review of the company's current situation the management board of SolarWorld cam to the conclusion, that the Company no longer has a positive going concern prognosis, is therefore over-indebted and thus obliged to file for insolvency proceedings. The main Reasons are ongoing price erosion and the development of the business.

Caused by the current market situation SolarWorld is over-indebted and thus obliged to file for insolvency proceedings. It is currently under evaluation if a respective obligation to file for insolvency proceedings is also given with regard to affiliated companies of SolarWorld AG.

In light of the foregoing, the management board will now immediately file for insolvency proceedings with the court of insolvency.

SolarWorld / Philipp Kronsbein

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