Suntech regains compliance with NYSE minimum share price listing requirement

CHINA: Suntech Power Holdings Co. Ltd has regained compliance with the New York Stock Exchange's (NYSE) quantitative continued listing requirements.

In a letter dated January 8, 2013, the NYSE notified the Company that a calculation of Suntech's average stock price for the 30 trading-days ended December 31, 2012 indicated that its stock price was above the NYSE's minimum requirement of $1 based on a 30 trading-day average.

In addition, on December 31, 2012, the Company's closing share price was $1.53. The Company will continue to monitor its ongoing compliance with the NYSE's continued listing standards.