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<SEC-DOCUMENT>0000950123-09-050109.txt : 20091014
<SEC-HEADER>0000950123-09-050109.hdr.sgml : 20091014
<ACCEPTANCE-DATETIME>20091013203925
ACCESSION NUMBER:		0000950123-09-050109
CONFORMED SUBMISSION TYPE:	20-F/A
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20081231
FILED AS OF DATE:		20091014
DATE AS OF CHANGE:		20091013

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Canadian Solar Inc.
		CENTRAL INDEX KEY:			0001375877
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		20-F/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33107
		FILM NUMBER:		091118056

	BUSINESS ADDRESS:	
		STREET 1:		675 COCHRANE DRIVE, EAST TOWER
		STREET 2:		6TH FLOOR
		CITY:			MARKHAM
		STATE:			A6
		ZIP:			L3R 0B8
		BUSINESS PHONE:		(85-512) 6690-8088

	MAIL ADDRESS:	
		STREET 1:		NO. 199 LUSHAN ROAD, SUZHOU NEW DISTRICT
		STREET 2:		SUZHOU
		CITY:			JIANGSU
		STATE:			F4
		ZIP:			215129
</SEC-HEADER>
<DOCUMENT>
<TYPE>20-F/A
<SEQUENCE>1
<FILENAME>h03655a1e20vfza.htm
<DESCRIPTION>CANADIAN SOLAR INC.
<TEXT>
<HTML>
<HEAD>
<TITLE>e20vfza</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM
20-F/A</B></DIV>
<DIV align="center" style="font-size: 12pt; margin-top: 0pt"><B>
AMENDMENT NO. 1</B></DIV>


<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">(Mark One)
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" style="font-size: 12pt">
<TR style="font-size: 6pt">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD align="center"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><B>REGISTRATION STATEMENT PURSUANT TO SECTION&nbsp;12(b) OR 12(g) OF THE
SECURITIES EXCHANGE ACT OF 1934</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>OR</B></DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" style="font-size: 12pt">
<TR style="font-size: 6pt">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD align="center"><FONT face="Wingdings">&#254;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><B>ANNUAL REPORT PURSUANT TO SECTION&nbsp;13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 12%"><B><B>For the fiscal year ended December&nbsp;31, 2008.</B>
</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 12%"><B><B>For the transition period from&nbsp;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>to</B>
</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>OR</B></DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" style="font-size: 12pt">
<TR style="font-size: 6pt">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD align="center"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><B>TRANSITION REPORT PURSUANT TO SECTION&nbsp;13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>OR</B></DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" style="font-size: 12pt">
<TR style="font-size: 6pt">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD align="center"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><B>SHELL COMPANY REPORT PURSUANT TO SECTION&nbsp;13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 12%"><B><B>Date of event requiring this shell company report</B>
</B>
</DIV>


&nbsp;


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Commission file number: 001-33107</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CANADIAN SOLAR INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">N/A</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="margin-top: 1px"><FONT style="border-top: 1px solid #000000">(Translation of Registrant&#146;s name into English)</FONT></DIV></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Canada</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="margin-top: 1px"><FONT style="border-top: 1px solid #000000">(Jurisdiction of incorporation or organization)</FONT></DIV></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">199 Lushan Road<BR>
Suzhou New District<BR>
Suzhou, Jiangsu 215129<BR>
People&#146;s Republic of China<BR>
(Address of principal executive offices)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Arthur Chien, Chief Financial Officer<BR>
650 Riverbend Drive<BR>
Suite&nbsp;B<BR>
Kitchener, Ontario N2K 3S2<BR>
Canada<BR>
Tel: (1-905) 530-2334<BR>
Fax: (1-905) 530-2001</DIV>

<DIV align="center" style="font-size: 10pt">(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)</DIV>

<BR style="font-size: 6pt">
<DIV align="center" style="font-size: 10pt"><B>Securities registered or to be registered pursuant to Section&nbsp;12(b) of the Act:</B></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title of Each Class</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name of Each Exchange on Which Registered</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Common shares with no par value</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>The NASDAQ Stock Market LLC</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(The NASDAQ Global Market)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Securities registered or to be registered pursuant to Section&nbsp;12(g) of the Act:</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>None<BR>
(Title of Class)<BR>
Securities for which there is a reporting obligation pursuant to Section&nbsp;15(d) of the Act:</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>None<BR>
(Title of Class)</B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate the number of outstanding shares of each of the issuer&#146;s classes of capital or common
stock as of the close of the period covered by the annual report.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,686,313 common shares issued and outstanding, excluding 58,250 restricted shares which were
subject to restrictions on voting, dividend rights and transferability, as of December&nbsp;31, 2008
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule&nbsp;405 of the Securities Act.&nbsp;&nbsp;Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#254;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this report is an annual or transition report, indicate by check mark if the registrant is
not required to file reports pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of
1934.&nbsp;&nbsp;Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#254;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be filed
by Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12&nbsp;months (or
for such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been
subject to such filing requirements for the past 90&nbsp;days.&nbsp;&nbsp;Yes&nbsp;<FONT face="Wingdings">&#254;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant has submitted electronically and posted on its
corporate Web site, if any, every Interactive Data File required to be submitted and posted
pursuant to Rule&nbsp;405 of Regulation&nbsp;S-T (&#167;232.405 of this chapter) during the preceding 12&nbsp;months
(or for such shorter period that the registrant was required to submit and post such files).
Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large
accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the
Exchange Act. (Check one):
</DIV>



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">Large accelerated filer
<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Accelerated filer
<FONT face="Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Non-accelerated filer
<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap>Smaller reporting company <FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap>(Do not check if a smaller reporting company)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark which basis of accounting the registrant has used to prepare the
financial statements included in this filing:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">U.S.&nbsp;GAAP <FONT face="Wingdings">&#254;</FONT><BR>
International Financial Reporting Standards as issued by the International Accounting Standards Board <FONT face="Wingdings">&#111;</FONT><BR>
Other <FONT face="Wingdings">&#111;</FONT>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If &#147;Other&#148; has been checked in response to the previous question, indicate by check mark which
financial statement item the registrant has elected to follow.
Item&nbsp;17&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;18&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this is an annual report, indicate by check mark whether the registrant is a shell company
(as defined in Rule&nbsp;12b-2 of the Exchange Act). Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#254;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant has filed all documents and reports required to
be filed by Sections&nbsp;12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the
distribution of securities under a plan confirmed by a court.&nbsp;&nbsp;Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<!--TOC-->
<!--/TOC-->





<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment No.&nbsp;1 on Form 20-F/A to the annual report on Form 20-F of Canadian Solar Inc.
(the &#147;Company&#148;) for the fiscal year ended December&nbsp;31, 2008, as filed with the Securities and
Exchange Commission on June&nbsp;8, 2009 (the &#147;Form 20-F&#148;), is being filed solely for the purposes of:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>revising &#147;Item&nbsp;3.D &#150; Key Information &#150; Risk Factors &#150; Risks Related to Our Company and
Our Industry &#150; <I>Advance payments to our polysilicon and solar wafer suppliers and credit
term sales offered to some of our customers expose us to the credit risks of such suppliers
and customers and may increase our costs and expenses, which could in turn have a material
adverse effect on our liquidity&#148; </I>to describe the consequences if we are not able to
renegotiate purchase price and volume terms of certain of our long-term supply agreements;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>revising &#147;Item&nbsp;3.D &#150; Key Information &#150; Risk Factors &#150; Risks Related to Our Company and
Our Industry &#150; <I>Our ability to&nbsp;adjust our raw materials costs may be limited as a result of
our entering into&nbsp;long-term&nbsp;supply agreements with some of our polysilicon and wafer
suppliers, and our cost of revenues and profitability could be materially and adversely
affected if we fail to&nbsp;adjust such costs in a timely manner</I>&#148; to clarify our relationships
with our long-term suppliers and the risks relating to our obligations under certain of our
long-term supply agreements;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>adding an additional risk factor &#150; &#147;<I>We have not obtained the approvals from the PRC
National Development and Reform Commission, or the NDRC, for some of our operational
projects in China, which may have a material adverse effect on our business, results of
operations and prospects</I>&#148; &#150; to &#147;Item&nbsp;3.D &#150; Key Information &#150; Risk Factors &#150; Risks Related
to Our Company and Our Industry;&#148;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>revising &#147;Item&nbsp;4.B &#150; Business Overview &#150; Supply Chain Management&#148; in order to clarify
our relationships with suppliers of silicon raw materials and solar cells;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>revising &#147;Item&nbsp;4.B &#150; Business Overview &#150; Markets and Customers&#148; in order to expand our
discussion of renewable energy laws and policies in Germany;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>disclosing our outstanding bank lines in &#147;Item&nbsp;5.B &#150; Liquidity and Capital Resources;&#148;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>revising &#147;Item&nbsp;7.B &#150; Related Party Transactions&#148; to update and provide additional
information related to our transactions with related parties; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>updating &#147;Item&nbsp;19 &#150; Exhibits&#148; in order to include i) Exhibit&nbsp;4.7 Promissory Note between
Canadian Solar Inc. and Shawn (Xiaohua) Qu dated June&nbsp;5, 2008, ii) Exhibit&nbsp;4.8 English
translation of Long-term (10-Year) Multi-crystalline Wafer Supply Contract between CSI
Cells Co., Ltd. and Jiangxi LDK Solar Hi-Tech Co., Ltd. dated June&nbsp;27, 2008, and iii)
Exhibit&nbsp;4.9 English translation of Long-term (10-Year) Multi-crystalline Wafer Supply
Contract between CSI Solar Power Inc. and Jiangxi LDK Solar Hi-Tech Co., Ltd. dated June
27, 2008.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are including in this Amendment No.&nbsp;1 to Form 20-F currently-dated certifications by our
principal executive officer and our principal financial officer. This Amendment No.&nbsp;1 to Form 20-F
speaks as of the date of the initial filing of the Form 20-F, except for the certifications
referenced above. Other than as described above, this Amendment No.&nbsp;1 to Form&nbsp;20-F does not, and
does not purport to, amend, update or restate the information in the Form&nbsp;20-F or reflect any
events that have occurred after the Form 20-F was filed.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link2 "Item&nbsp;3. KEY INFORMATION" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. </B><B><I>KEY INFORMATION</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>D. </B><U><B>Risk Factors</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Risks Related to Our Company and Our Industry</I></B>

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><I>Advance payments to our polysilicon and solar wafer suppliers and credit term sales offered to
some of our customers expose us to (i)&nbsp;credit risks with respect to such suppliers and customers
and (ii)&nbsp;the risk of not recouping our advance payments if we purchase insufficient quantities
of wafers from our suppliers, each of which could have a material adverse effect on our results
of operations.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under supply contracts with certain of our multi-year solar wafer suppliers, and consistent
with historical industry practice, we have made advance payments to some of our suppliers prior to
the scheduled delivery dates for polysilicon and solar wafer supplies. The advance payments were
made without collateral for such payments and are credited against the purchase prices that we are
required to pay under the agreements. As of December&nbsp;31, 2008, the balance of non-refundable
advance payments that we made to LDK Solar Co., Ltd., or LDK, Deutsche Solar AG, or Deutsche Solar,
and Jaco Solarsi Limited, or JACO, was $14.8&nbsp;million, $12.5&nbsp;million and $8.5&nbsp;million, respectively.
Due to the decline in market prices for solar wafers beginning in the fourth quarter of 2008, we
have not commenced purchasing solar wafers under our ten-year supply agreements with LDK while we
are renegotiating the price and volume terms of such agreements. In addition, we have reduced our
purchases of solar wafers under our three-year agreement with LDK and our twelve-year agreement
with Deutsche Solar. We are renegotiating the unit price and volume terms under the two ten-year
agreements with LDK as well as our twelve-year agreement with Deutsche Solar. If we cannot
successfully renegotiate and satisfy the purchase volume requirements under these agreements, we
may not be able to recoup these advance payments. In addition, we offer some customers unsecured
short-term and/or medium-term credits based on our relationships with them and market conditions.
As a result, our claims for such payments or sales credit would rank as unsecured claims, which
would expose us to the credit risks of our suppliers and/or customers in the event of their
insolvency or bankruptcy. We employ a number of mechanisms to mitigate credit sales risk, such as
export credit insurance, factoring arrangements and letters of credit. Additionally, we have been
renegotiating our supply agreements to obtain more favorable payment terms. However, these risks
may have a material adverse effect on our financial condition, results of operations and liquidity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><I>Our ability to adjust our raw materials costs may be limited as a result of our entering into
long-term supply agreements with some of our polysilicon and wafer suppliers, and our cost of
revenues and profitability could be materially and adversely affected if we fail to adjust such
costs in a timely manner.</I>
</DIV>
&nbsp;

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2008, due to the shortages of polysilicon and solar wafer supplies, we entered into a
number of multi-year supply agreements with some of our major silicon and wafer suppliers in an
effort to secure raw materials to meet production demand. In response to the decline in prices of
polysilicon and solar wafers, beginning in the fourth quarter of 2008, we have temporarily
suspended our orders of polysilicon and solar wafers and have been renegotiating the unit price and
volume terms with certain of these suppliers. In the first quarter of 2009, we entered into
amendments to certain of our long term agreements, or reached mutual understandings with our long
term suppliers, to (i)&nbsp;adjust purchase prices based on prevailing market prices at the time we
place each purchase order, and (ii)&nbsp;revise the terms with respect to the quantity of products we
are required to purchase, among other terms. However, we are still in the process of renegotiating
certain long term agreements with LDK and Deutsche Solar. In the event that the prices of
polysilicon or solar wafers continue to decrease and we are unable to successfully renegotiate
these agreements, we may not be able to recoup our advance payments to these suppliers and we may
be subject to penalties amounting to 1% of the purchase prices that we are required to pay, which
could materially and adversely affect our results of operations. In addition, during such
negotiations we may be subject to litigation if we cannot reach agreement with our suppliers. Such
litigation may be costly and may divert management attention and other resources away from our
business and could have a material adverse effect on our reputation, business, financial condition,
results of operations and prospects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><I>We have not obtained the approvals from the PRC National Development and Reform Commission, or
the NDRC, for some of our operational projects in China, which may have a material adverse
effect on our business, results of operations and prospects.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;According to the Interim Administrative Measures for the Examination and Approval of
Foreign-invested Projects, or the Interim Measures, issued by the NDRC on October&nbsp;9, 2004, a
foreign invested-project should be
approved by the NDRC or its local offices, and failure to obtain the NDRC&#146;s approval may
adversely affect a
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">company&#146;s ability to obtain the necessary approvals from, or to complete the
registration procedures with, other government authorities administering project-related matters,
such as land resources, city planning, workplace safety, taxation and foreign exchange, for its
foreign-invested projects. In addition, the NDRC has recently strengthened its administration and
regulation over foreign-invested projects by issuing the Circular on Further Strengthening and
Regulating the Administration on Foreign-invested Project, or the Administration Circular, on July
8, 2008. According to the Administration Circular, a company with foreign-invested projects that
were not approved by the NDRC may be required to take rectification measures and those projects
that seriously violate applicable PRC regulations may be ordered to cease construction. In
addition, a company that fails to obtain necessary NDRC approvals for its projects may not be
entitled to certain tax reductions and exemptions for equipment purchases or other preferential
policies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have not obtained NDRC approvals for some of our operational projects in China. We do not
believe our incidents of noncompliance with the Interim Measures constitute serious violations
under the Administration Circular for the following reasons: (i)&nbsp;our projects generally fall into
an &#147;encouraged foreign investment industry&#148; category under the Foreign Investment Industrial
Guidance Catalogue and, therefore, comply with PRC foreign-invested industrial policies, and (ii)
we have duly obtained approvals from other PRC government authorities and completed other
regulatory registrations with respect to the construction of these projects. However, a detailed
explanation as to what constitutes a &#147;serious violation&#148; under the Administration Circular has not
yet been provided. In addition, we have completed the construction of substantially all of these
projects and the NDRC has not issued any explanatory or implementation rules as to what penalties
will be imposed on projects whose construction has been completed without proper NDRC approval. The
NDRC may not interpret the current rules in our favor, or it may issue more stringent rules or
regulations applicable to projects without proper NDRC approval in the future, which could
materially and adversely affect our business, results of operations and prospects.
</DIV>
<!-- link2 "Item. 4 INFORMATION ON THE COMPANY" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item. 4 </B><B><I>INFORMATION ON THE COMPANY</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. </B><U><B>Business Overview</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Supply Chain Management</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our business depends on our ability to obtain a stable and cost-effective supply of solar
wafers and cells. During the early years of our existence, there was a shortage of solar wafers and
cells as a result of a shortage of high-purity silicon, due to the rapid growth of and demand for
solar power. In early 2005, we began managing our supply chain to secure a reliable and
cost-effective supply of solar cells, which allowed us to partially mitigate the effects of the
industry-wide shortage of high-purity silicon, while reducing margin pressure. We secure our supply
of solar wafers and cells partially through our sourcing of silicon raw materials and toll
manufacturing arrangements with suppliers of ingots and wafers and partially through the direct
purchase of solar wafers and cells, in addition to producing our own solar cells. Further, we
leverage the silicon and capital resources of our solar supply chain partners, such as independent
solar cell producers, to partially meet our demand for solar cells at peak demand. While this
strategy may reduce our gross margin, it has helped us to commit less capital in the form of
prepayments to polysilicon manufacturers compared to other solar module producers of our size. Our
flexible vertical integration model has also helped us to maintain a strong balance sheet during
the current global economic downtown. We believe our supplier relationships and various short and
long term contracts will afford us the volume of material required to meet our planned output. The
shortage of high-purity silicon and solar wafers and cells began to ease during the third quarter
of 2008, and the industry has experienced a relative oversupply of silicon materials since the
fourth quarter of 2008. We are in the process of re-negotiating most of our long-term supply
contracts to obtain more favorable and flexible pricing and other terms.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<I>Silicon Raw Materials</I>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silicon feedstock, which consists of high-purity silicon and reclaimable silicon, is the
building block of the entire solar power supply chain.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2007, we entered into a three-year agreement with LDK, as supplemented in February&nbsp;2008,
pursuant to which (i)&nbsp;we purchase specified quantities of solar wafers and (ii)&nbsp;LDK converts our
reclaimed silicon feedstock into wafers under a toll manufacturing arrangement. In 2008, we entered
into two ten-year agreements with
LDK pursuant to which we purchase specified quantities of solar wafers. In 2008, we entered
into a two-year agreement with GCL Silicon Technology Holdings Inc., or GCL, pursuant to which we
purchase specified
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">quantities of polysilicon from GCL. We also entered into an agreement with GCL
in 2008 for a six-year term commencing in 2010 pursuant to which we will purchase specified
quantities of solar wafers. In addition, we entered into long-term agreements with suppliers such
as Deutsche Solar, Neo Solar and JACO. As of December&nbsp;31, 2008, our purchase obligations under our
long-term agreements with LDK and GCL accounted for an aggregate of 72.1% of our commitments under
long-term contracts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2009, we amended our three-year agreement with LDK and our agreements with GCL to (i)
adjust purchase prices based on prevailing market prices at the time we place each purchase order,
and (ii)&nbsp;revise terms with respect to the quantity of products we are required to purchase, among
other terms. Furthermore, we reached a mutual understanding with Neo Solar and JACO in January&nbsp;2009
to adjust purchase prices based on prevailing market prices at the time of each purchase. Based on
this mutual understanding, we have been purchasing solar cells and silicon materials at prevailing
market prices at the time we place each purchase order from Neo Solar and JACO since January&nbsp;2009.
As of December&nbsp;31, 2008, our advance payments to Neo Solar and JACO under these long-term
agreements that had not been credited against the purchase prices that we were required to pay
under the respective agreements were nil and $8.5&nbsp;million, respectively. We intend to sign
amendments to the supply agreements with Neo Solar and JACO to document our mutual understanding
with these companies. We do not have any definitive timeline as to when we will execute these
amendments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are still renegotiating the unit price and volume terms in the two ten-year agreements with
LDK and our twelve-year agreement with Deutsche Solar. We have not commenced purchasing solar
wafers from LDK under the two ten-year agreements. We are purchasing solar wafers from LDK under
the three-year agreement and from Deutsche Solar under the twelve-year agreement, in each case, in
reduced volumes, given the ample market supply of solar wafers at lower prices. Although we expect
to continue to purchase from, and maintain solid relationships with, these long-term suppliers, we
believe that given the current over-supply in the marketplace, we can obtain sufficient supplies of
solar wafers for our estimated 2009 production requirements from other sources at competitive
prices.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<I>Silicon Reclamation Program</I>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We believe that we were one of the first solar companies to process reclaimable silicon for
the production of solar wafers and cells. We take reclaimable silicon from pot scraps, broken or
unused solar wafers, and the top and tail discarded portions of silicon ingots and process it
through our reclaiming facilities to recycle it for reuse in the solar supply chain. Due to the
sharp rise in reclaimable silicon prices globally up through the first half of 2008, our silicon
reclamation program has not been increasing in scale, but has maintained a steady production rate.
As a result of the oversupply of silicon materials that developed in the fourth quarter of 2008,
however, we expect this aspect of our operation to be less significant in the foreseeable future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<I>Toll Manufacturing Arrangements</I>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We also have toll manufacturing arrangements to source solar wafers and solar cells, in
addition to our internal solar cell manufacturing. Manufacturers of ingots, wafers and cells have
historically faced over-capacity due to shortages of high-purity silicon. Presently, they face
overcapacity due to soft end-market demand. Through our toll manufacturing arrangements, we provide
manufacturers with silicon feedstock, which is returned in the forms of ingots, wafers and cells.
We expect to reduce such arrangements in light of the rapid industry-wide capacity expansion in
2008 and softening demand beginning in the fourth quarter of 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Solar Wafers.</I>&nbsp;&nbsp;We currently purchase solar wafers from local and international suppliers,
including LDK, ReneSola and Konca.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Solar Cells.</I>&nbsp;&nbsp;In addition to our internal solar cell manufacturing and toll manufacturing
arrangements with our solar cell suppliers, we currently purchase solar cells from a number of
international and local suppliers. We have established strong relationships with cell suppliers to
maintain a stable supply of cells at competitive prices. We intend to continue to purchase solar
cells from our suppliers and to maintain our smaller scale toll manufacturing arrangements. As we
expand our business, we will seek to diversify our cell supply channel mix to ensure flexibility in
adapting to future changes in the supply of, and demand for, solar cells.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>UMgSi Cells. </I>We entered into a research partnership and supply contract with a silicon
manufacturer to develop a viable and reliable source of UMgSi in 2007.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Markets and Customers</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We currently sell our standard solar modules primarily to distributors, system integrators,
including utilities, and OEM companies, as well as to large solar projects. Our distributor
customers include companies that are exclusive solar power distributors and engineering and design
firms that include our standard solar modules in their system installations. Our system integrator
customers typically design and sell complete, integrated systems that include our standard solar
modules along with other system components. We sell our solar modules and products to various
manufacturers who either integrate these products into their own products or sell and market them
as part of their product portfolio. Our standard solar module customers include leading solar power
distributors and system integrators such as Solpower GmbH, Isofoton S.A. and Donauer. Our specialty
solar modules and products customers include various manufacturers who incorporate our customized
solar modules in their bus stop, road lighting and marine lighting products.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As we expand our manufacturing capacity and enhance our brand name, we anticipate developing
additional customer relationships in other markets and geographic regions to decrease our market
concentration and dependence. We aim to increase our sales to customers located in several markets
such as Germany, Spain, Italy, South Korea, Japan, the Czech Republic, China, the United States and
Canada. These solar power markets have been significantly influenced by past and current government
subsidies and incentives. While we expect to expand our markets, we expect that Germany and other
European markets will continue to remain our major markets in the near future.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Germany. </I>The renewable energy laws in Germany require electricity transmission grid
operators to connect various renewable energy sources to their electricity transmission
grids and to purchase all electricity generated by such sources at guaranteed feed-in
tariffs. Additional regulatory support measures include investment cost subsidies,
low-interest loans and tax relief to end users of renewable energy.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Germany&#146;s renewable energy policy has had a strong solar power focus, which contributed to
Germany surpassing Japan in 2004 as the leading solar power market in terms of annual
megawatt growth. According to Solarbuzz, the German market grew by 39.7% in 2008, from 1,328
MW at the end of 2007 to 1,855 MW at the end of 2008. Our products are used for large-size
ground mounted solar power field, commercial rooftop and residential rooftop installations.
The feed-in tariffs in Germany range from <FONT face="'Times New Roman',times,serif">&#128;</FONT>0.319 to <FONT face="'Times New Roman',times,serif">&#128;</FONT>0.410 per watt. The German feed-in
tariff is scheduled to be reduced by 8-10% by the end of 2009, and by an additional 7-8% at
the end of every year thereafter. Furthermore, the feed-in tariffs will decrease more
quickly if production exceeds a legally determined amount. This means that solar system
costs will likely fall more quickly than previously anticipated.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Spain.</I>&nbsp;&nbsp;According to Solarbuzz, the Spanish market grew by 285% to reach 2,463 MW in
2008, surpassing Germany as the world&#146;s largest market. In Spain, the actual feed-in tariff
for solar power energy is fully guaranteed for 25&nbsp;years and guaranteed at 80%&nbsp;thereafter.
The feed-in tariff for applications less than 100 kWh was <FONT face="'Times New Roman',times,serif">&#128;</FONT>0.4404 per kWh for the first
25&nbsp;years of system operation, and <FONT face="'Times New Roman',times,serif">&#128;</FONT>0.3523 per kWh thereafter, for systems installed up
until September&nbsp;2008. Current feed-in tariffs are between <FONT face="'Times New Roman',times,serif">&#128;</FONT>0.340 and <FONT face="'Times New Roman',times,serif">&#128;</FONT>0.307 per watt,
depending on system size and type. Spain was our second largest market after Germany as
measured by net revenue generated in 2008 but is not expected to remain in this position in
2009.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Italy.</I>&nbsp;&nbsp;According to Solarbuzz, the Italian solar market grew by 169% to reach 242 MW at
the end of 2008. Current feed-in tariff rates for systems range from <FONT face="'Times New Roman',times,serif">&#128;</FONT>0.353 per kWh for
larger ground mounted systems to <FONT face="'Times New Roman',times,serif">&#128;</FONT>0.49 per kWh for smaller BIPV systems. The Italian market
saw an enormous boost in large installations in 2007 and 2008, according to Solarbuzz, a
trend which is expected to continue in 2009.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>United States.</I>&nbsp;&nbsp;There are currently more than 10 states in the U.S.&nbsp;that offer
significant incentives, with California offering the most preferential ones. In January
2006, the California Public Utilities Commission enacted the California Solar Initiative, a
$2.9&nbsp;billion program that subsidizes solar power systems by $2.80 per watt. Due to
excessive demand, this subsidy has been reduced to $2.50 per watt.
Combined with federal tax credits for solar power usage, the subsidy may account for as much
as 50% of the cost of a solar power system. The program will last from 2007 to 2016 and is
expected to dramatically increase the use of solar power for on-grid applications in
California. The program is capped. Incentives in the other US states include state renewable
energy credits, capital subsidies, and</TD>
</TR>

</TABLE>
</DIV>
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in some places such as Vermont, feed-in tariffs. Many
states and various federal departments are also subject to renewable energy portfolio (RPS)
standards that mandate minimum percentages of renewable energy production by utilities.
Finally, the US federal government passed several renewable energy provisions in the
stimulus package, including a 30% investment tax credit, accelerated 5&nbsp;year system
depreciation and expansion of Department of Energy loan guarantees. These provisions were
further expanded in 2009 to include a cash grant in lieu of the investment tax credit and
were uncapped with respect to both system size (the previous maximum rebate was $2,000) and
organization to allow larger organizations such as utilities to take advantage of the tax
credit or cash in-lieu grant for large scale projects. Currently the constrained appetite
for tax equity will limit the effectiveness of some of these provisions such as accelerated
depreciation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>China.</I>&nbsp;&nbsp;China&#146;s Renewable Energy Law was passed in February&nbsp;28, 2005 and went into
effect on January&nbsp;1, 2006. The Renewable Energy Law authorizes the relevant authorities to
set favorable prices for the purchase of on-grid solar power&#150;generated electricity and
provides other financial incentives for the development of renewable energy projects. In
January&nbsp;2006, China&#146;s National Development and Reform Commission further promulgated two
implementation rules for the Renewable Energy Law. In addition, on April&nbsp;1, 2008, the PRC
Energy Conservation Law came into effect. Among other objectives, this law encourages the
utilization and installation of solar power facilities in buildings for energy-efficiency
purposes.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On March&nbsp;23, 2009, China&#146;s Ministry of Finance promulgated the Interim Measures for
Administration of Government Subsidy Funds for Application of Solar Photovoltaic Technology
in Building Construction, or the Interim Measures, to support the development of solar
photovoltaic technology in China. Local governments are encouraged to issue and implement
supporting policies. Under these Interim Measures, a subsidy, which is set at RMB20 per
watt-peak for 2009, will cover solar photovoltaic technology integrated into building
construction. The Interim Measures do not apply to projects completed before March&nbsp;23, 2009,
the promulgation date of the Interim Measures.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>China finances its off-grid solar installations through the now-completed township program
and the current village program. The current five-year plan from 2006 to 2010 is targeted to
provide electricity to 29,000 villages, mainly in western China. The Ministry of Housing and
Urban-Rural Development (formerly, the Ministry of Construction) has recently promulgated
directives encouraging the development and use of solar power energy in both urban and rural
areas. Various local authorities have also introduced initiatives to encourage the adoption
of renewable energy including solar power energy. In April&nbsp;2009, we signed an agreement with
the City of Suzhou, New District in which the latter pledged RMB7.5&nbsp;million as funding
support for projects developed by us within the New District.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We believe that we will be well-positioned to take advantage of growth opportunities in the
Chinese solar power energy market, which has the potential to become one of the fastest
growing markets for solar power. Our projects in China include working with the government
of Suzhou to construct a 300 kW solar power system in Suzhou and installing a BIPV solar
glass roof system in Luoyang.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Canada.</I>&nbsp;&nbsp;In November of 2006, Canada&#146;s largest province, Ontario, introduced a program
of subsidies for renewable energy projects, including solar energy projects. Under that
program, a fixed price of C$0.42 per kWh was offered for solar power transferred to the
electrical grid. That program is to be replaced with a program of feed-in tariffs. The
proposed price for solar power, under the feed-in tariff&nbsp;program, ranges from C$0.443 to
C$0.80 per kWh depending on the system size and type. Contracts under the new program are
expected to be for terms of 20&nbsp;years.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>South Korea.</I>&nbsp;&nbsp;According to SolarBuzz, the South Korean market grew from 50 MW in 2007 to
276 MW in 2008. The South Korean government has established a number of initiatives to
enhance self-sufficiency in energy supplies and invest in renewable energy systems. Under
the Public Institution Renewable Obligation Law created in 2004, the government has
mandated that newly built public facilities exceeding 3,000&nbsp;square meters invest at least
5% of their construction expenses in renewable energy systems. The current feed-in tariff
rate for systems ranges from 428 to 646 won per kWh
depending on system size, while the system limit of 3 MW was removed and the national cap
was increased from 100 to 500 MW. In late April, the Korean government announced a plan to
execute the remaining of the feed-in-tariff program in three years and allocate 50 MW for
installations and connections in 2009.
</TD>
</TR>
</TABLE>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Japan.</I>&nbsp;&nbsp;According to Solarbuzz, the Japanese market remained flat in 2008 at 230 MW,
exhibiting no growth. The Japanese government has a long-term energy goal to install 4.82GW
of PV by 2010, and is a signatory to the Kyoto Protocol, requiring it to reduce greenhouse
gas emissions by 6% from the 1990 baseline level by 2012. Japan currently funds a number of
key programs supporting domestic PV installations and has announced a plan to begin
installing PV on federal buildings through 2012. As Japan will not likely reach its
renewable energy (including solar) targets, Japan is considering increasing its incentives
for PV installations.</TD>
</TR>

</TABLE>
</DIV>
<!-- link2 "Item. 5 OPERATING AND FINANCIAL REVIEW AND PROSPECTS" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item. 5 </B><B><I>OPERATING AND FINANCIAL REVIEW AND PROSPECTS</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. </B><U><B>Liquidity and Capital Resources</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Cash Flows and Working Capital</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2008, we financed our operations primarily through cash flows from operations, short and
long-term borrowings, and the proceeds from our follow-on public offering of common shares. As of
December&nbsp;31, 2008, we had $115.7&nbsp;million in cash and cash equivalents. Our cash and cash
equivalents primarily consist of cash on hand, demand deposits and liquid investments with original
maturities of three months or less that are outstanding and placed with banks and other financial
institutions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December&nbsp;2007, we issued $75.0&nbsp;million principal amount of 6.0% Convertible Senior Notes
due 2017 in a private placement pursuant to Rule&nbsp;144A of the Securities Act. The notes bear
interest at a rate of 6% per annum. The notes are convertible into common shares based on an
initial conversion rate of 50.6073 common shares per $1,000 principal amount of notes (which
represents an initial conversion price of approximately $19.76 per common share). The notes may be
converted at any time prior to the close of business on the business day immediately preceding the
stated maturity date. We may redeem the notes on or after December&nbsp;24, 2012 at a redemption price
equal to 100% of the principal amount of the notes, plus accrued and unpaid interest to, but
excluding, the redemption date (i)&nbsp;in whole or in part, if the closing price for our common shares
exceeds 130% of the conversion price for at least 20 trading days within a period of 30 consecutive
trading days ending within five trading days of the notice of redemption, or (ii)&nbsp;in whole only, if
at least 95% of the initial aggregate principal amount of the notes originally issued have been
redeemed, converted or repurchased and, in each case, cancelled. Noteholders may require us to
repurchase the notes for cash on December&nbsp;24, 2012 and December&nbsp;15, 2014 at a repurchase price
equal to 100% of the principal amount, plus accrued and unpaid interest to, but excluding, the
repurchase date. In addition, we are required to make an offer to purchase the notes for cash upon
a &#147;change in control&#148; at 100% of the principal amount of the notes, plus accrued and unpaid
interest to, but excluding, the purchase date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May&nbsp;27, 2008, we announced the commencement of an offer to noteholders of our 6.0%
Convertible Senior Notes due 2017 to convert their notes into our common shares. The conversion
offer was intended to reduce our ongoing fixed interest obligations and to improve the trading
liquidity of our common shares by increasing the number of outstanding shares available for
trading. On June&nbsp;27, 2008, we announced the close of the offer at a conversion rate of 53.6061 per
$1,000 principal amount of notes and issued 3,966,841 common shares in exchange for $74.0&nbsp;million
in principal amount of the notes. The induced conversion resulted in a charge to earnings of $10.2
million, which was equal to the fair value of all common shares and cash consideration transferred
in the transaction in excess of the fair value of the common shares issuable pursuant to the
original conversion terms. In addition, upon conversion $3.0&nbsp;million unamortized debt issuance
costs were reclassified to common shares. Only $1.0&nbsp;million in principal amount of the convertible
senior notes remains outstanding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For additional information on past convertible note issuances, see &#147;Item&nbsp;7. Major Shareholders
and Related Party Transactions&#151;B.&nbsp;Related Party Transactions&#151;Issuance, Sale and Conversion of
Convertible Notes.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In July&nbsp;2008, we issued and sold 3,500,000 common shares in a follow-on public offering at a
price to the public of $34.00 per common share. We received proceeds of $112.8&nbsp;million from the
offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of May&nbsp;31, 2009, our bank lines had an aggregate capacity of $251.2&nbsp;million. As of May&nbsp;31,
2009, approximately $45.4&nbsp;million of long-term borrowings, of which $29.3&nbsp;million was secured by
our plant and equipment, and $96.5&nbsp;million of short-term borrowings, of which $31.3&nbsp;million was
secured by our land and buildings, were drawn under the bank lines. The long-term borrowings
mature at various times during 2010 and 2011 and bear interest at rates of between 0% and 7.560%
per annum. The short-term borrowings mature at
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">various times during 2009 and 2010 and bear
interest at rates of between 2.356% and 5.580% per annum. Our bank lines contain no specific
extension terms but we have historically been able to obtain new short-term loans on terms similar
to those of the maturing short term loans shortly before they mature. As of May&nbsp;31, 2009, $109.3
million of short-term borrowings with terms of less than one year were available for drawdown under
the bank lines at interest rates to be negotiated by the parties. As of May&nbsp;31, 2009, no long-term
borrowings remained available under the bank lines.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have significant working capital requirements because our suppliers of solar wafers, cells
and silicon raw materials typically require us to make prepayments of 100% of the purchase price in
cash or pay the purchase price by letters of credit at sight. During 2008, in a long-term supply
contract, customary with the current industry practice, we were further required to make large
prepayments of between 3% to 8% of the total contract amount in cash to our supplier in advance of
the planned delivery with the prepayments being proportionally off-set against deliveries from the
supplier during the contract term or off-set against the last delivery under the supply contract.
Due to these industry practices, working capital and access to financings to allow for the purchase
of silicon feedstock are critical to growing our business. Total advances to suppliers, including
both short-term and long-term advances, increased significantly from $32.8&nbsp;million as of
December&nbsp;31, 2007 to $67.7&nbsp;million as of December&nbsp;31, 2008. While we also require some of our
customers to make prepayments, there is typically a lag between the time of our prepayment for
solar wafers and cells and silicon raw materials and the time that our customers make prepayments
to us.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We expect that our accounts receivable and inventories, two of the principal components of our
current assets, will continue to increase as our net revenues increase. We require prepayments in
cash between 10% to 30% of the purchase price from some of our customers, and require many of them
to pay the balance of the purchase price by letters of credit at sight or 30&nbsp;days in advance prior
to delivery. In some cases, we extend short-term credit to customers after delivery. The
prepayments are recorded as current liabilities under advances from customers, and amounted to
$3.2&nbsp;million as of December&nbsp;31, 2006, $2.0&nbsp;million as of December&nbsp;31, 2007 and $3.6&nbsp;million as of
December&nbsp;31, 2008. Until the letters of credit are drawn in accordance with their terms, or we
collect sales credit, the balance of the purchase price is recorded as accounts receivable. As the
market demand changes and we continue to diversify our geographical markets, we have increased and
may continue to increase credit term sales to creditworthy customers after careful review of the
customers&#146; credit standings and also acceptance of export credit insurance by the China Export
Credit Insurance Corporation. Inventories have increased significantly due to the rapid growth of
our operations and business. We kept a high level of inventories in order to meet the sales we had
forecast for the fourth quarter of 2008, but many of the sales we had anticipated were cancelled
and the materials purchased or goods manufactured remained in inventory. Allowance for doubtful
accounts for accounts receivable and advances to suppliers was $0.4&nbsp;million as of December&nbsp;31, 2007
and $7.9&nbsp;million as of December&nbsp;31, 2008. The increase in allowance for doubtful accounts for
accounts receivable and advances is primarily due to specific allowances that were made for major
customers and suppliers from whom recoverability is in doubt because they had defaulted on payment
and had no firm repayment schedule or collateral.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth a summary of our cash flows for the periods indicated:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11" style="border-bottom: 1px solid #000000">Years Ended December&nbsp;31</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">2007</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">2008</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="11">(In thousands of US$)</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash provided by (used in) operating
activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(46,276</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(80,224</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">3,193</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash used in investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(7,770</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(42,483</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(125,762</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash provided by financing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88,307</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124,828</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">201,356</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net increase (decrease)&nbsp;in cash and cash
equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,631</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(3,244</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77,994</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and cash equivalents at the
beginning of the year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,280</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40,911</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37,667</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and cash equivalents at the end of
the year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">40,911</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">37,667</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">115,661</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Operating Activities</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities of $80.2&nbsp;million in 2007 changed sharply to net cash
provided by operating activities of $3.2&nbsp;million in 2008, due in part to a decrease in accounts
receivable, cash received from derivative assets and an increase in accounts payable, partially
offset by increases in advances to suppliers,
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">inventories and prepayment of land use rights. Net
cash used in operating activities increased from $46.3&nbsp;million in 2006 to $80.2&nbsp;million in 2007,
primarily due to increases in advance payments to suppliers of solar wafers as well as the rapid
growth of our solar module operation and business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Investing Activities</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities increased from $42.5&nbsp;million in 2007 to $125.8&nbsp;million
in 2008, primarily due to our expansion of ingot, wafer and module production capacity and
acquisition of equity investments. Net cash used in investing activities increased from
$7.8&nbsp;million in 2006 to $42.5&nbsp;million in 2007, primarily due to our expansion of module production
capacity and our expansion into internal solar cell manufacturing, a higher capital expenditure
business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Financing Activities</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities increased from $124.8&nbsp;million in 2007 to
$201.4&nbsp;million in 2008, primarily as a result of proceeds from our follow-on public offering of
common shares in July&nbsp;2008 and from long and short-term bank borrowings. Net cash provided by
financing activities increased from $88.3&nbsp;million in 2006 to $124.8&nbsp;million in 2007, primarily as a
result of the proceeds from our issuance of $75.0&nbsp;million principal amount convertible notes in
December&nbsp;2007 and short-term borrowings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We believe that our current cash and cash equivalents, anticipated cash flow from operations
and planned commercial bank borrowings will be sufficient to meet our anticipated cash needs,
including our cash needs for working capital and capital expenditures for the rest of 2009 under
our current market guidance. We may, however, require additional cash due to changing business
conditions or other future developments, including any investments or acquisitions we may decide to
pursue. The availability of commercial loans from Chinese commercial banks may also be affected by
administrative policies of the PRC government, which in turn may affect our plans for business
expansion. If our existing cash or availability to additional capital via bank borrowings are
insufficient to meet our requirements, we may seek to sell additional equity securities or debt
securities or borrow from other sources. We cannot assure you that financing will be available in
the amounts we need or on terms acceptable to us, if at all. The sale of additional equity
securities, including convertible debt securities, would dilute our shareholders. The incurrence of
debt would divert cash for working capital and capital expenditures to service debt obligations and
could result in operating and financial covenants that restrict our operations and our ability to
pay dividends to our shareholders. If we are unable to obtain additional equity or debt financing
as required, our business operations and prospects may suffer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Capital Expenditures</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We made capital expenditures of $7.1&nbsp;million, $42.0&nbsp;million and $104.8&nbsp;million in 2006, 2007
and 2008, respectively. Our capital expenditures were used primarily to expand our facilities and
purchase equipment for the expansion of our assembly lines for the production of solar modules and
to build facilities and purchase equipment for the commencement of solar ingot and wafer production
and the further expansion of our solar cell production. As of December&nbsp;31, 2008, we have a total
capital commitment of $55.7&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Restricted Net Assets</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our PRC subsidiaries are required under PRC laws and regulations to make appropriations from
net income as determined under accounting principles generally accepted in the PRC, or PRC GAAP, to
non-distributable reserves which include a general reserve and a staff welfare and bonus reserve.
The general reserve is required to be made at not less than 10% of the profit after tax as
determined under PRC GAAP. The staff welfare and bonus reserve is determined by our board of
directors. The general reserve is used to offset future extraordinary losses. Our PRC subsidiaries
may, upon a resolution of the board of directors, convert the general reserve into capital. The
staff welfare and bonus reserve is used for the collective welfare of the employees of the PRC
subsidiaries. These reserves represent appropriations of the retained earnings determined under PRC
law. In
addition to the general reserve, our PRC subsidiaries are required to obtain approval from the
local government authorities prior to distributing any registered share capital. Accordingly, both
the appropriations to general reserve and the registered share capital of the our PRC subsidiaries
are considered as restricted net assets. These restricted net assets amounted to $51.6&nbsp;million,
$82.4&nbsp;million and $178.3&nbsp;million as of December&nbsp;31, 2006, 2007 and 2008, respectively.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Item. 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item. 7 </B><B><I>MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. </B><U><B>Related Party Transactions</B></U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Shareholder Loans</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dr.&nbsp;Qu, our chairman, president, chief executive officer and major shareholder, made loans to
us from time to time during 2006 and 2007. These loans were unsecured, interest free and had no
fixed repayment term. As of December&nbsp;31, 2006 and 2007 these loans amounted to $101,489 and $5,615,
respectively. These loans were settled as of March&nbsp;31, 2008. In June&nbsp;2008, Dr.&nbsp;Qu made a loan to
us of $30.0&nbsp;million. This loan was unsecured, bore interest at the rate of 7% per annum and had no
fixed repayment term. As of December&nbsp;31, 2008, we repaid Dr.&nbsp;Qu $30.7&nbsp;million, including $737,543
in interest, in full satisfaction of our obligations to Dr.&nbsp;Qu.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Guarantees and Share Pledges</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In March and April&nbsp;2007, Dr.&nbsp;Qu fully guaranteed a one-year RMB39&nbsp;million loan facility from
the Construction Bank of China to CSI Solartronics. In June&nbsp;2007, Dr.&nbsp;Qu also fully guaranteed a
one-year $4.0&nbsp;million loan facility from the Bank of Communications to CSI Manufacturing. Both of
these loan facilities expired in 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Amounts Due to Related Parties</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to December&nbsp;2005, we paid Dr.&nbsp;Qu compensation for his services in the form of
consultancy fees, on a quarterly basis, to a consulting company owned by him. The consultancy
agreement was an oral arrangement and provided for consultancy fees to be paid to Dr.&nbsp;Qu&#146;s
consulting company in return for project consulting, general management and technology services
that he provided to us. We terminated the consulting agreement with Dr.&nbsp;Qu&#146;s company in November
2005. All consulting fees in the aggregate of $203,103, which were unsecured and interest free,
were paid in March&nbsp;2008. As of December&nbsp;31, 2008, we had no outstanding balance payable to Dr.&nbsp;Qu
for consulting fees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2008, Dr.&nbsp;Qu lent us $93,641, which he was awarded by Suzhou Science and Technology Bureau.
This loan is interest free and has no fixed repayment term. As of December&nbsp;31, 2008, the amount
outstanding under this loan was $93,641.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Employment Agreements</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Item&nbsp;6.C., &#147;Item&nbsp;6. Directors, Senior Management and Employees&#151;C. Board
Practices&#151;Employment Agreements.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<B><I>Equity Incentive Plan</I></B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Item&nbsp;6.B., &#147;Item&nbsp;6. Directors, Senior Management and Employees&#151;B. Compensation of
Directors and Executive Officers&#151;Share-based Remuneration&#151;2006&nbsp;Share Incentive Plan.&#148;
</DIV>
<!-- link2 "Item. 19 EXHIBITS" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item. 19 </B><B><I>EXHIBITS</I></B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="9%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Document</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended Articles of Continuance (incorporated by reference to Exhibit&nbsp;3.2 from our F-1
registration statement (File No.&nbsp;333-138144), as amended, initially filed with the SEC
on October&nbsp;23, 2006)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Equity Underwriting Agreement (incorporated by reference to Exhibit&nbsp;1.1 from
our Form&nbsp;6-K (File No.&nbsp;001-33107), initially filed with the SEC on July&nbsp;17, 2008)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of amended Director Indemnity Agreement</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2&#134;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">English translation of Supplementary Agreement between CSI Cells Co., Ltd. and Jiangxi
LDK Solar Hi- Tech Co., Ltd. dated February&nbsp;14, 2009, supplementing the original Wafer
Supply Agreement dated October&nbsp;17, 2007</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="9%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Document</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3&#134;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">English translation of Supplementary Agreement between Jiangsu Zhongneng Polysilicon
Technology Development Co., Ltd., CSI Cells Co., Ltd., Changshu CSI Advanced Solar
Inc. and CSI Central Solar Power Co., Ltd., dated May&nbsp;22, 2009, supplementing the
original Polysilicon Supply Contract dated August&nbsp;20, 2008 and the original Solar
Wafer Supply Contract dated August&nbsp;20, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4&#134;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sales Contract between Canadian Solar Inc. and Solpower GmbH dated September&nbsp;1, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5&#134;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sales Contract between Canadian Solar Inc. and Iliotec Solar GmbH dated October&nbsp;2, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6&#134;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sales Contract between Canadian Solar Inc. and Iliotec International GmbH dated
October&nbsp;2, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Promissory Note between Canadian Solar Inc. and Shawn (Xiaohua) Qu dated June&nbsp;5, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.8*&#134;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">English translation of Long-term (10-Year) Multi-crystalline Wafer Supply Contract
between CSI Cells Co., Ltd. and Jiangxi LDK Solar Hi-Tech Co., Ltd. dated June&nbsp;27,
2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.9*&#134;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">English translation of Long-term (10-Year) Multi-crystalline Wafer Supply Contract
between CSI Solar Power Inc. and Jiangxi LDK Solar Hi-Tech Co., Ltd. dated June&nbsp;27,
2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">8.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">List of Subsidiaries</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">11.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Code of Business Conduct (incorporated by reference to Exhibit&nbsp;99.1 from our F-1
registration statement (File No.&nbsp;333-138144), as amended, initially filed with the SEC
on October&nbsp;23, 2006)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">12.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CEO Certification Pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">12.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CFO Certification Pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">13.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CEO Certification Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">13.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CFO Certification Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Deloitte Touche Tohmatsu CPA Ltd.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Filed herewith</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">&#134;</TD>
    <TD>&nbsp;</TD>
    <TD>Confidential treatment is being requested with respect to portions of these exhibits and such
confidential treatment portions have been deleted and replaced with &#147;****&#148; and filed
separately with the Securities and Exchange Commission pursuant to Rule&nbsp;24b-2 under the
Exchange Act.</TD>
</TR>

</TABLE>




<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><FONT style="font-variant: SMALL-CAPS"><B>SIGNATURES</B></FONT>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant hereby certifies that it meets all of the requirements for filing its annual
report on Form 20-F/A and that it has duly caused and authorized the undersigned to sign this
annual report on its behalf.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">CANADIAN SOLAR INC.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<BR>
Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Shawn (Xiaohua) Qu
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Shawn (Xiaohua) Qu
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and
Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: October&nbsp;13, 2009
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.7
<SEQUENCE>2
<FILENAME>h03655a1exv4w7.htm
<DESCRIPTION>EX-4.7
<TEXT>
<HTML>
<HEAD>
<TITLE>exv4w7</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 4.7</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PROMISSORY NOTE</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">June&nbsp;5, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 18pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FOR VALUE RECEIVED, Canadian Solar Inc., a Canadian corporation (the &#147;<B>Borrower</B>&#148;), hereby
promises to pay at any time on demand after September&nbsp;30, 2008 to the order of Shawn (Xiaohua) Qu
(the &#147;<B>Lender&#148;)</B>, in lawful money of the United States of America in immediately available funds, at
such location as the Lender shall from time to time designate, the principal amount of Thirty
million US DOLLARS ($30,000,000), as such amount may be reduced by prepayments or repayments set
forth in Schedule&nbsp;I hereto endorsed by the Lender. The Borrower promises to pay the Lender
interest in like money on the unpaid principal amount of this Note in arrears on the first business
day of each calendar month, beginning July&nbsp;1, 2008, and on each principal or prepayment or
repayment date. The applicable interest rate will be the average interest rate payable by the
Borrower on its consolidated short-term loans to banks incorporated in the People&#146;s Republic of
China for the calendar month immediately prior to the interest payment date, as determined by the
Borrower&#146;s Chief Financial Officer, whose determination is conclusive and binding in the absence of
manifest error.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower may, at its discretion, prepay or repay the whole or any part of this Note
without penalty or premium on each interest payment date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower hereby waives presentment, demand, protest or notice of any kind in connection
with this Note. All payments under this Note shall be made without offset, counterclaim or
deduction of any kind.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS NOTE IS GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="55%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CANADIAN SOLAR INC.<BR><BR><BR><BR><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Arthur Chien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Arthur Chien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">CFO&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><FONT style="font-variant: SMALL-CAPS"><B>Schedule of Repayments</B></FONT>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">The following repayments have been made under this Promissory Note:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Principal Amount</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Date of Repayment</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Amount of Repayment</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">outstanding after Repayment</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Signature of Lender</TD>
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<TYPE>EX-4.8
<SEQUENCE>3
<FILENAME>h03655a1exv4w8.htm
<DESCRIPTION>EX-4.8
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT&nbsp;4.8</B>
</DIV>
<DIV align="right" style="font-size: 10pt; margin-top: 6pt">&#091;Translation&#093;
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Long-term (10-Year) Multi-crystalline Wafer Supply Contract</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Contract Number: <U>CSIC-LDK2008-6-3</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Buyer (hereinafter referred to as CSIC): CSI Cells Co., Ltd
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Address: No.199 Lushan Road, Suzhou New District, Jiangsu Province
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Legal Representative: Xiaohua Qu
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Seller (hereinafter referred to as LDK): Jiangxi LDK Solar Hi-Tech Co., Ltd.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Address: Xinyu Economic Development Zone, Jiangxi Province
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Legal Representative: Xiaofeng Peng
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In accordance with the <I>Contract Law of the People&#146;s Republic of China </I>and the relevant laws and
regulations, and based on the principles of equality, willingness and mutual benefits, the Buyer
and the Seller, after full consultation, have reached the following agreement in respect of the
supply of <U>multi-crystalline wafer product for use in solar battery</U> (being the subject of
this Contract and hereinafter referred to as the &#147;Contract Product&#148;) by LDK to CSIC:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;1</B>: Contract Product
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. The &#147;product&#148; referred to herein shall mean the <U>silicon wafer</U> produced, manufactured and
sold to CSIC by &#147;LDK&#148; <U>for use in solar battery</U> (Note: Please see <U>Exhibit&nbsp;A</U> for the
&#147;product and its specification&#148; referred to herein but any necessary modification can be made to
the specification of the product pursuant to the written agreement made by the parties. Please
refer to <U>Exhibit&nbsp;C</U>).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. In the event of any modification to the specification of the product as set forth in <U>Exhibit
C</U>, its price will be reduced accordingly.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;2</B>: Deposit of this Contract and its Payment
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. The Buyer agrees to pay to Party B a sum of RMB&#091;****&#093;* million as scheduled as &#147;deposit&#148; in accordance with the requirements of the <I>Security Law </I>with
regard to &#147;deposit&#148;, of which the amount of RMB&#091;****&#093;* million shall be paid to Party B as the
first installment of &#147;deposit&#148; by 31 August&nbsp;2008, the amount of RMB&#091;****&#093;* million shall be paid to
Party B by 31 December&nbsp;2008, the amount of RMB&#091;****&#093;* million shall be paid to Party B by 31
December&nbsp;2009, and RMB&#091;****&#093;* million shall be paid to Party B by 31 December&nbsp;2010.
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
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    <TD>&nbsp;</TD>
    <TD>This portion of the Long-term (10-Year) Multi-crystalline Wafer Supply Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule&nbsp;24b-2.</TD>
</TR>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. The amount of &#147;deposit&#148; mentioned above in this Contract is specified in <U>Exhibit&nbsp;B</U>,
which is calculated on the basis of the number of silicon wafers that need to be purchased by the
Buyer, and the price in connection therewith. The &#147;deposit&#148; will be directly offset against any
payment for goods payable by the Buyer as mentioned in <U>Exhibit&nbsp;B</U>. Once the requirement
with regard to the &#147;deposit&#148; hereunder becomes effective, CSIC shall have no right to demand LDK to
refund part or all of the &#147;deposit&#148;, unless any party violates this Contract and leads to any legal
consequences relating to the &#147;deposit&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. The Seller shall notify the Buyer in advance of the number of goods expected to be delivered and
the amount of payment for such goods at least 10 working days prior to each delivery. The Buyer
shall make payment in respect thereof within 7 working days of the receipt of a delivery notice
from the Seller. The Seller shall deliver goods after the payment of goods is made by the Buyer.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;3: Price and Quantity of the Product
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. During the period from 1 July&nbsp;2009 to 31 December&nbsp;2018, LDK agrees to sell the product to CSIC
in accordance with the terms of this Contract and based on the quantity confirmed annually and
quarter balance. Please refer to <U>Exhibit&nbsp;B</U> for the quantity and price of the product. The
transaction term shall be EXW (which is in compliance with Incoterms2000).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. (Price adjustment) LDK will adjust the price of silicon wafers according to the change of
exchange rate. Since 2010, the price of silicon wafers of the year in which purchase is made shall
be determined on the basis of the price for conversion of US dollar into RMB as published by the
Bank of China on 1 January of each calendar year and according to the following formula for
adjustment: <U>the price of 156*156 silicon wafer = the original contract price of the year in
which a contract is made * exchange rate</U> (ie. RMB/USD)/6.939. (Remark: the contract price
shall be the price which includes 17% value-added tax. The term of the price shall be EXW, which
means that the Seller shall deliver the product to the Buyer at any location in the place where the
Seller operates that is designated by it).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. (Taking delivery or payment) During the 10-year period from 1 July&nbsp;2009 to 31 December&nbsp;2018,
CSIC shall in principle purchase from LDK per year such quantity of silicon wafers as specified
herein based on the price stated in <U>Exhibit&nbsp;B</U> and the quarter balance. In the event of any
change of exchange rate, adjustments shall be made to the transaction price as agreed by the
parties in accordance with Article&nbsp;3 hereof. For the details of the formula for adjustment, please
see the <U>formula for adjustment</U> set forth in Article&nbsp;3(2) hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4. If CSIC fails to purchase the quantity of silicon wafers that shall be purchased for the year to
which the purchase relates based on the quarter balance and pursuant to the requirements of this
Contract, LDK shall issue an invoice to CSIC based on the price specified herein and get well
prepared for the delivery of the product. CSIC shall make payment in respect thereof within 30
days of the receipt of such invoice. If CSIC does not make any payment within 30&nbsp;days of the
receipt of the invoice, it shall pay to LDK a late fine, which will be calculated at a monthly rate
of 1% on the overdue payment for the period from the payment due date to the actual payment date
(Remark: In the event of any payment that is overdue for less than a month, the amount shall be
calculated as follows: the actual number of days for delay in payment multiplied by the late fine
payable on a daily basis and assuming that there are 30&nbsp;days a month. However, the proportion of
late fine shall not exceed 4 times the saving interests of banks for the same period as stipulated
by the People&#146;s Bank of China). Upon receipt of the payment for the product and the late fine by
the Seller, the Buyer may take delivery of the product at any time.
</DIV>

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    <TD align="center" valign="top">Page 2 of 10
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">5. If LDK fails to provide silicon wafers based on the quantity requirement of the year and the
quarter balance pursuant to the requirements of this Contract, CSIC will require LDK to be liable
for any penalty for breach of contract in connection with the late delivery of its product. The
penalty for breach of contract in connection with the late delivery shall be as follows: the sum
involved in the late delivery of product for the quarter * 1% * the number of month for the delay
in delivery of product (Remark: In the event of any payment that is overdue for less than a month,
the amount shall be calculated as follows: the actual number of days for delay in payment
multiplied by the late fine payable on a daily basis and assuming that there are 30&nbsp;days per month.
However, the proportion of penalty for breach of contract shall not exceed 4 times the saving
interests of banks for the same period as stipulated by the People&#146;s Bank of China). The total
amount of penalty shall not exceed twice the actual balance of the deposit paid by the Buyer of
that year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;4: Term of this Contract and the Period of Performance
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. This Contract shall become effective once it is signed by the respective representatives of the
parties and affixed with the company chops, and upon receipt of the first installment of deposit by
LDK from CSIC, and its term shall end after 180&nbsp;days from the completion (or termination) of this
Contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. The performance of this Contract shall commence from 1 July&nbsp;2009 and end on 31 December&nbsp;2018.
This Contract shall not be terminated before 31 December&nbsp;2018, save for the circumstances stated in
the termination provisions hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;5: Suspension or Termination of this Contract
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. If any one or more provisions of this Contract is held by court to be unlawful or invalid, the
validity of other provisions of this Contract shall not be affected and such other provisions shall
remain legally binding upon the parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. LDK may terminate this Contract unilaterally if one of the following circumstances occurs:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;In the event that CSIC refuses to make any payment for the product that is in violation of this
Contract or refuses to do so without proper causes, and fails to take active remedial measures
within 180&nbsp;days of the receipt of a written notice from LDK, LDK shall be entitled to terminate
this Contract and make an estimate of loss in respect thereof. CSIC shall be liable to LDK for
making compensation for any breach of contract pursuant to <U>Article&nbsp;3(4)</U> hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(2)&nbsp;Other circumstances as required by law or this Contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. CSIC may terminate this Contract unilaterally if one of the following circumstances occurs:
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;In the event that LDK fails to deliver the product to CSIC under this Contract, and does not
take active remedial measures and relief measures for its breach of contract, and it passively
deals with the request of the Buyer after receiving the written notice from CSIC or fails to take
fundamental and powerful remedial measures within 180&nbsp;days of the receipt of the written notice
from CSIC, CSIC shall be entitled to terminate this Contract and make an estimate of loss in
respect thereof. LDK shall be liable to CSIC for making compensation for any breach of contract
pursuant to <U>Article&nbsp;3(5)</U> hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(2)&nbsp;Other circumstances as required by law or this Contract.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;6: Confidentiality
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. The parties hereto agree that any information in relation to their research and development,
technology, product development, market plan, production and business strategies obtained during
the mutual exchange of information shall be deemed as confidential information. In order to best
perform this Contract, any exchange of information hereunder shall be permitted. During the term
hereof and within three years after the termination or completion hereof, the parties shall not
divulge, disclose and make publicly known to any individual, enterprise or organization the
provisions of this Contract or the relevant confidential information exchanged during the execution
and performance of this Contract. The parties hereto shall avoid any divulgence of confidential
information hereunder as much as possible, as if they treated the confidential information in the
same way as their own. However, the confidential information shall exclude the following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">a. any information notified by a party to the other party that has been known by such other party;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">b. any public information that has been obtained by a party through proper channels;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">c. any information obtained by a party from third parties through normal channels;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">d. any information obtained by a party from independent research and development;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">e. any information exchanged with written authorization hereunder;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">f. any information cited by a party in legal or financial reports. If possible, notification shall
be given to the other party in advance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. The parties hereto agree to keep the details of this Contract confidential and to jointly
formulate the provisions of confidentiality so as to ensure that their respective employees or
other third parties that can be relied on during the performance of this Contract observe the
obligation of confidentiality. These confidentiality provisions shall also apply to those legal
inspection and audit of any agreement provided to legal counsels, tax consultants, investors and
banks for such purpose.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;7: Liabilities
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. (Limited damages) In the event that any damage is done to silicon wafer products during the
transportation due to improper packaging, or that any product fails to meet the requirements set
forth in <U>Exhibit&nbsp;A</U> before damages can be confirmed, LDK shall be liable to make replacement
or make up the deficit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. (Limited compensation) If CSIC complains about the quality of the product, it shall provide LDK
with a reasonable and necessary analysis and give some time for it to deal with the complaint. Any
measure that can be taken by CSIC unilaterally in respect of the product of LDK are limited. LDK
can take the following actions only when it and a third party recognized by both parties confirm
the quality defects in the product: (1)&nbsp;adjusting the price or replacing those silicon wafer
products that do not meet the requirements or have quality defects; (2)&nbsp;making compensation for any
economic loss suffered by the Buyer due to the quality defects of silicon wafers. The amount of
compensation shall generally be restricted to the value of the product purchased by CSIC. The
Buyer shall make complaints about the quality of product to the Seller within 15&nbsp;days of the
receipt of the product. The Buyer shall give the Seller reasonable time to prepare a reply after
receiving the written complaint report. If no complaint is received by the deadline, the Buyer
shall be deemed not to have any objection to the quality of silicon wafers (except for the
objection for the quality of battery performance).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3 (Limited liabilities) Save for the delay in delivery of product as set forth in <U>Article
5(3)</U> hereof due to the failure on the part of the Seller to produce and manufacture silicon
wafers in such quantity as required in this Contract as scheduled, LDK shall not be liable for any
economic loss in connection with the delay in delivery caused by other circumstances that are
beyond its control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4. Any compensation resulting from the faults of LDK or its negligence, including the compensation
for the external damage of the &#147;limited damages&#148; stated this Article&nbsp;5(1) or death or injury of
personnel or other civil torts, shall generally be limited to the balance of the deposit paid by
the Buyer in the year to which deposit relates (For the details of data, please see <U>Exhibit
B</U>).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">5. (Exclusion of liabilities) It is believed that any failure to perform or partially perform the
obligations hereunder at the time of or after any force majeure event can be excluded from
liabilities. However, a party who has breached this Contract prior to any force majeure event
cannot be excluded from liabilities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;8: Intellectual Property
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. If CSIC is sued or any claim is made against it in connection with the infringement of the
intellectual property right of a third party by LDK due to its manufacturing method or production
process or product itself, LDK shall be liable for any economic loss suffered by CSIC as well as
any cost incurred by such legal action. CSIC shall notify LDK in writing of the legal action in a
timely manner and shall make the best effort to assist or cooperate with LDK so as to put such
action under control.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. If CSIC infringes the intellectual property right of a third party due to the use of LDK product
in its production process, LDK shall not be liable for any cost incurred thereby.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;9: Force Majeure
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. No parties hereto shall be liable for any delay in the performance of this Contract due to any
force majeure that is beyond their control (specifically including the natural disasters such as
earthquake, mud-rock flow, typhoon and flooding; faults of the other party; government acts due to
the change of laws and regulations; human battles; fire; terrorist attacks and air accidents). The
parties hereto shall understand the delay in the performance of this Contract by the other party
due to force majeure events. The parties hereto shall be under an obligation to work together to
negotiate subsequent remedial measures and other proposals upon the occurrence of force majeure
events so as to mitigate any negative effects from the force majeure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. The party so affected by the force majeure event shall notify the other party immediately by
telex or fax, and shall provide the other party with the documentations issued by the relevant
government authorities or the competent authorities required by laws by registered mail to prove
the objectivity of the force majeure event. Once the force majeure event lasts for over two
months, the parties hereto shall have the right to terminate this Contract and no party hereto
shall be legally liable to the other party. However, the Seller shall immediately refund any
payment for goods, deposit or other payments that have been paid by the Buyer; or the Buyer shall
be under an obligation to make any payment for goods that is payable to the Seller in a timely
manner.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;10: Dispute Resolution
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any dispute arising from this Contract shall be first resolved through friendly consultation. If
no agreement can be reached through consultation, the parties hereto unanimously agree that such
dispute shall be referred to the China International Economic and Trade Arbitration Commission
(&#147;CIETAC&#148;) (the place of arbitration: Shanghai, China) for arbitration in accordance with the
CIETAC&#146;s arbitration rules then in force at the time of applying for arbitration. The arbitral
award shall be final and legally binding upon the parties. Any arbitration fee of the arbitration
body and any reasonable cost incurred by the winning party for its engagement of lawyer shall be
borne by the party who loses in such arbitration.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;11: Effectiveness of this Contract and Miscellaneous
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. In full consideration of the interest of the parties and based on the principles and purposes of
mutual benefits, the parties hereto jointly draft this Contract through mutual consultation, and
there is no such act that a party causes harm to the interest of the other party.
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIC-LDK2008-6-3
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 6 of 10
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. Unless with the written consent of the parties, no party shall transfer its rights and
obligations hereunder to any third party. If CSIC is required to transfer its rights and
obligations hereunder to Canadian Solar Co., Ltd and its direct associated companies (Remark: CSI
Solar Power Inc. and CSI Central Solar Power Co., Ltd., hereinafter referred to as &#147;CSIC Associated
Companies&#148;), it shall notify LDK in writing of such transfer at least 10 working days prior to the
transfer and can transfer to CSIC Associated Companies its rights and obligations hereunder.
Following the transfer of its rights and obligations hereunder, the party who accepts the transfer
shall continue to perform CSIC&#146;s obligations pursuant to the requirements of this Contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. (Guarantee given by a third party) Any party may request the other party to provide a third
party&#146;s guarantee in respect of its own ability to perform this Contract. If a third party
provides a guarantee, it shall, together with the party guaranteed, be jointly liable for this
Contract to the &#147;other party with whom the guaranteed party enters this Contract&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4. The parties hereto fully understand the provisions of this Contract. This Contract shall also
supersede any informal consensus previously reached by the parties hereto. No amendment shall
become effective unless it is authorized and signed by the parties hereto.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Buyer: CSI Cells Co., Ltd.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller: Jiangxi LDK Solar Hi-Tech Co., Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(Chop) (With common seal of CSI Cells Co., Ltd.)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Chop) (With common seal of Jiangxi LDK Solar
Hi-Tech Co., Ltd.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Legal representative or authorized representative:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Legal representative or authorized representative:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ CSI Cells Co., Ltd.
(Signature)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Jiangxi LDK Solar Hi-Tech Co., Ltd. (Signature)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: 27 June&nbsp;2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date: 27 June&nbsp;2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIC-LDK2008-6-3
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 7 of 10
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;A: Standards for the Quality of Silicon Wafers</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Name of the Product: <U>Multi-crystalline wafers using orientation growth method</U>;
specification: 156mm * 156mm * 180um
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">1. Properties of Electricity
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Electric conductive type: Type P, doping.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Electrical resistivity: 0.5ohm.cm &#150; 3ohm.cm.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Life time: greater than or equal to 2 microseconds.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">2. Physical Properties
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Crystal structure: multi-crystals
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Defects of crystal: no visual substance inside; the area of micro-crystals does not exceed 1/8 of
that of a single wafer; no stain.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shape of silicon wafer: square
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Length of edge: 156mm &#177; 0.5mm
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Chamfer: 0.5mm &#150; 2mm, 45 degree &#177; 10 degree
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thickness: 180um &#177; 20um, of which: silicon wafers that are &#060;170um do not exceed 20%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TTV: &#060;50um
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saw mark: &#060;20um
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Bending degree: &#060;50um
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">3. Geometrical Defects
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Broken corner: less than 2 defects, which are &#060;1mm (length) * 5mm (depth), are found in each
silicon wafer;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Crack: no V-shape crack;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No wafer with cleft, no wafer with pin holes;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The number of defective wafers shall not be more than 2 in every 100 silicon wafers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">4. Packaging:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">External packaging: paper carton; internal packaging: bubble box
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Identification: date of production, ingot number, specifications, electrical resistivity, quantity,
life time, etc.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIC-LDK2008-6-3
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 8 of 10
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">5. Inspection Level: AQL2.5
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Buyer: CSI Cells Co., Ltd.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller: Jiangxi LDK Solar Hi-Tech Co., Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(Chop) (With common seal of CSI Cells Co., Ltd.)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Chop) (With common seal of Jiangxi LDK Solar
Hi-Tech Co., Ltd.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Legal representative or authorized representative:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Legal representative or authorized representative:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ CSI Cells Co., Ltd.
(Signature)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Jiangxi LDK Solar Hi-Tech Co., Ltd. (Signature)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: 27 June&nbsp;2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date: 27 June&nbsp;2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIC-LDK2008-6-3
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 9 of 10
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;B</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Ten Thousand Pieces</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Actual Payment of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">MW</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Total Price (Ten</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Unit Price for</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Total Contract Sum</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Balance of the</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Unit Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Thousand Yuan)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Invoice</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">(Ten Thousand Yuan)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Deposit at the End</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">of the Period (Ten</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Thousand Yuan)</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2009-7/12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2010</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2011</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2012</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2013</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2014</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2015</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2016</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2017</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2018</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Total:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>





<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;C</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Adjustment to the Thickness of Silicon Wafers</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the current stage, the thickness of silicon wafers is 180um, which can be changed according to
the following terms:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">When the thickness of silicon wafers is reduced from 180um to 160um, LDK will increase the quantity
of silicon wafers to be supplied to CSIC by 4.5% and their price will be cut by 3%.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Buyer: CSI Cells Co., Ltd.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller: Jiangxi LDK Solar Hi-Tech Co., Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(Chop) (With common seal of CSI Cells Co., Ltd.)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Chop) (With common seal of Jiangxi LDK Solar
Hi-Tech Co., Ltd.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Legal representative or authorized representative:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Legal representative or authorized representative:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ CSI Cells Co., Ltd.
(Signature)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Jiangxi LDK Solar Hi-Tech Co., Ltd. (Signature)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: 27 June&nbsp;2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date: 27 June&nbsp;2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>This portion of the Long-term (10-Year) Multi-crystalline Wafer Supply Contract has been omitted and filed separately with the Securities
and Exchange Commission, pursuant to Rule&nbsp;24b-2.</TD>
</TR>

</TABLE>



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
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    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIC-LDK2008-6-3
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 10 of 10
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>





</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.9
<SEQUENCE>4
<FILENAME>h03655a1exv4w9.htm
<DESCRIPTION>EX-4.9
<TEXT>
<HTML>
<HEAD>
<TITLE>exv4w9</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 4.9</B>
</DIV>
<DIV align="right" style="font-size: 10pt; margin-top: 6pt">&#091;Translation&#093;
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Long-term (10-Year) Multi-crystalline Wafer Supply Contract</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Contract Number: <U>CSIS-LDK2008-6-6</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Buyer (hereinafter referred to as CSIS): CSI Solar Power Inc.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Address: Gangjing Village, Yangyuandong, Changshu City, Jiangsu Province
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Legal Representative: <U>Xiaohua Qu</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Seller (hereinafter referred to as LDK): Jiangxi LDK Solar Hi-Tech Co., Ltd.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Address: Xinyu Economic Development Zone, Jiangxi Province
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Legal Representative: <U>Xiaofeng Peng</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In accordance with the <I>Contract Law of the People&#146;s Republic of China </I>and the relevant laws and
regulations, and based on the principles of equality, willingness and mutual benefits, the Buyer
and the Seller, after full consultation, have reached the following agreement in respect of the
supply of <U>multi-crystalline wafer product for use in solar battery</U> (being the subject of
this Contract and hereinafter referred to as the &#147;Contract Product&#148;) by LDK to CSIS:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;1</B>: Contract Product
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. The &#147;product&#148; referred to herein shall mean the <U>silicon wafer</U> produced, manufactured and
sold to CSIS by &#147;LDK&#148; <U>for use in solar battery</U> (Note: Please see <U>Exhibit&nbsp;A</U> for the
&#147;product and its specification&#148; referred to herein but any necessary modification can be made to
the specification of the product pursuant to the written agreement made by the parties. Please
refer to <U>Exhibit&nbsp;C</U>).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. In the event of any modification to the specification of the product as set forth in <U>Exhibit
C</U>, its price will be reduced accordingly.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Article&nbsp;2</B>: Deposit of this Contract and its Payment
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. The Buyer agrees to pay to Party B a sum of RMB&#091;****&#093;* million as scheduled as &#147;deposit&#148; in accordance with the requirements of the <I>Security Law </I>with
regard to &#147;deposit&#148;, of which the amount of RMB&#091;****&#093;* million shall be paid to Party B as the
first installment of &#147;deposit&#148; by 31 August&nbsp;2008, the amount of RMB&#091;****&#093;* million shall be paid to
Party B by 31 December&nbsp;2008, the amount of RMB&#091;****&#093;* million shall be paid to Party B by 31
December&nbsp;2009, and RMB&#091;****&#093;* million shall be paid to Party B by 31 December&nbsp;2010.
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>This portion of the Long-term (10-Year) Multi-crystalline Wafer Supply Contract has been omitted and filed
separately with the Securities and Exchange Commission, pursuant to Rule&nbsp;24b-2.</TD>
</TR>

</TABLE>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIS-LDK2008-6-6
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 1 of 11
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. The amount of &#147;deposit&#148; mentioned above in this Contract is specified in <U>Exhibit&nbsp;B</U>,
which is calculated on the basis of the number of silicon wafers that need to be purchased by the
Buyer, and the price in connection therewith. The &#147;deposit&#148; will be directly offset against any
payment for goods payable by the Buyer as mentioned in <U>Exhibit&nbsp;B</U>. Once the requirement
with regard to the &#147;deposit&#148; hereunder becomes effective, CSIS shall have no right to demand LDK to
refund part or all of the &#147;deposit&#148;, unless any party violates this Contract and leads to any legal
consequences relating to the &#147;deposit&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. The Seller shall notify the Buyer in advance of the number of goods expected to be delivered and
the amount of payment for such goods at least 10 working days prior to each delivery. The Buyer
shall make payment in respect thereof within 7 working days of the receipt of a delivery notice
from the Seller. The Seller shall deliver goods after the payment of goods is made by the Buyer.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;3: Price and Quantity of the Product
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. During the period from 1 July&nbsp;2009 to 31 December&nbsp;2018, LDK agrees to sell the product to CSIS
in accordance with the terms of this Contract and based on the quantity confirmed annually and
quarter balance. Please refer to <U>Exhibit&nbsp;B</U> for the quantity and price of the product. The
transaction term shall be EXW (which is in compliance with Incoterms2000).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. (Price adjustment) LDK will adjust the price of silicon wafers according to the change of
exchange rate. Since 2010, the price of silicon wafers of the year in which purchase is made shall
be determined on the basis of the price for conversion of US dollar into RMB as published by the
Bank of China on 1 January of each calendar year and according to the following formula for
adjustment: <U>the price of 156*156 silicon wafer = the original contract price of the year in
which a contract is made * exchange rate (ie. RMB/USD)/6.939</U>. (Remark: the contract price
shall be the price which includes 17% value-added tax. The term of the price shall be EXW, which
means that the Seller shall deliver the product to the Buyer at any location in the place where the
Seller operates that is designated by it).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. (Taking delivery or payment) During the 10-year period from 1 July&nbsp;2009 to 31 December&nbsp;2018,
CSIS shall in principle purchase from LDK per year such quantity of silicon wafers as specified
herein based on the price stated in <U>Exhibit&nbsp;B</U> and the quarter balance. In the event of any
change of exchange rate, adjustments shall be made to the transaction price as agreed by the
parties in accordance with Article&nbsp;3 hereof. For the details of the formula for adjustment, please
see the <U>formula for adjustment</U> set forth in Article&nbsp;3(2) hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4. If CSIC fails to purchase the quantity of silicon wafers that shall be purchased for the year to
which the purchase relates based on the quarter balance and pursuant to the requirements of this
Contract, LDK shall issue an invoice to CSIS based on the price specified herein and get well
prepared for the delivery of the product. CSIS shall make payment in respect thereof within 30
days of the receipt of such invoice. If CSIS does not make any payment within 30&nbsp;days of the
receipt of the invoice, it shall pay to LDK a late fine, which will be calculated at a monthly rate
of 1% on the overdue payment for the period from the payment due date to the actual payment date
(Remark: In the event of any payment that is overdue for less than a month, the amount shall be
calculated as follows: the actual number of days for delay in payment multiplied by the late fine
payable on a daily basis and assuming that there are 30&nbsp;days a month. However, the proportion of
late fine shall not exceed 4 times the saving interests of banks for the same period as stipulated
by the People&#146;s Bank of China). Upon receipt of the payment for the product and the late fine by
the Seller, the Buyer may take delivery of the product at any time.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIS-LDK2008-6-6
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 2 of 11
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">5. If LDK fails to provide silicon wafers based on the quantity requirement of the year and the
quarter balance pursuant to the requirements of this Contract, CSIS will require LDK to be liable
for any penalty for breach of contract in connection with the late delivery of its product. The
penalty for breach of contract in connection with the late delivery shall be as follows: the sum
involved in the late delivery of product for the quarter * 1% * the number of month for the delay
in delivery of product (Remark: In the event of any payment that is overdue for less than a month,
the amount shall be calculated as follows: the actual number of days for delay in payment
multiplied by the late fine payable on a daily basis and assuming that there are 30&nbsp;days per month.
However, the proportion of penalty for breach of contract shall not exceed 4 times the saving
interests of banks for the same period as stipulated by the People&#146;s Bank of China). The total
amount of penalty shall not exceed twice the actual balance of the deposit paid by the Buyer of
that year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;4: Term of this Contract and the Period of Performance
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. This Contract shall become effective once it is signed by the respective representatives of the
parties and affixed with the company chops, and upon receipt of the first installment of deposit by
LDK from CSIS, and its term shall end after 180&nbsp;days from the completion (or termination) of this
Contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. The performance of this Contract shall commence from 1 July&nbsp;2009 and end on 31 December&nbsp;2018.
This Contract shall not be terminated before 31 December&nbsp;2018, save for the circumstances stated in
the termination provisions hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;5: Suspension or Termination of this Contract
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. If any one or more provisions of this Contract is held by court to be unlawful or invalid, the
validity of other provisions of this Contract shall not be affected and such other provisions shall
remain legally binding upon the parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. LDK may terminate this Contract unilaterally if one of the following circumstances occurs:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;In the event that CSIS refuses to make any payment for the product that is in violation of this
Contract or refuses to do so without proper causes, and fails to take active remedial measures
within 180&nbsp;days of the receipt of a written notice from LDK, LDK shall be entitled to terminate
this Contract and make an estimate of loss in respect thereof. CSIS shall be liable to LDK for
making compensation for any breach of contract pursuant to <U>Article&nbsp;3(4)</U> hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(2)&nbsp;Other circumstances as required by law or this Contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. CSIS may terminate this Contract unilaterally if one of the following circumstances occurs:
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIS-LDK2008-6-6
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 3 of 11
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(1)&nbsp;In the event that LDK fails to deliver the product to CSIS under this Contract, and does not
take active remedial measures and relief measures for its breach of contract, and it passively
deals with the request of the Buyer after receiving the written notice from CSIS or fails to take
fundamental and powerful remedial measures within 180&nbsp;days of the receipt of the written notice
from CSIS, CSIS shall be entitled to terminate this Contract and make an estimate of loss in
respect thereof. LDK shall be liable to CSIS for making compensation for any breach of contract
pursuant to <U>Article&nbsp;3(5)</U> hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(2)&nbsp;Other circumstances as required by law or this Contract.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;6: Confidentiality
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. The parties hereto agree that any information in relation to their research and development,
technology, product development, market plan, production and business strategies obtained during
the mutual exchange of information shall be deemed as confidential information. In order to best
perform this Contract, any exchange of information hereunder shall be permitted. During the term
hereof and within three years after the termination or completion hereof, the parties shall not
divulge, disclose and make publicly known to any individual, enterprise or organization the
provisions of this Contract or the relevant confidential information exchanged during the execution
and performance of this Contract. The parties hereto shall avoid any divulgence of confidential
information hereunder as much as possible, as if they treated the confidential information in the
same way as their own. However, the confidential information shall exclude the following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">a. any information notified by a party to the other party that has been known by such other party;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">b. any public information that has been obtained by a party through proper channels;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">c. any information obtained by a party from third parties through normal channels;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">d. any information obtained by a party from independent research and development;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">e. any information exchanged with written authorization hereunder;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">f. any information cited by a party in legal or financial reports. If possible, notification shall
be given to the other party in advance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. The parties hereto agree to keep the details of this Contract confidential and to jointly
formulate the provisions of confidentiality so as to ensure that their respective employees or
other third parties that can be relied on during the performance of this Contract observe the
obligation of confidentiality. These confidentiality provisions shall also apply to those legal
inspection and audit of any agreement provided to legal counsels, tax consultants, investors and
banks for such purpose.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD align="LEFT" valign="top">CSIS-LDK2008-6-6
</TD>
    <TD>&nbsp;</TD>
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</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;7: Liabilities
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. (Limited damages) In the event that any damage is done to silicon wafer products during the
transportation due to improper packaging, or that any product fails to meet the requirements set
forth in <U>Exhibit&nbsp;A</U> before damages can be confirmed, LDK shall be liable to make replacement
or make up the deficit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. (Limited compensation) If CSIS complains about the quality of the product, it shall provide LDK
with a reasonable and necessary analysis and give some time for it to deal with the complaint. Any
measure that can be taken by CSIS unilaterally in respect of the product of LDK are limited. LDK
can take the following actions only when it and a third party recognized by both parties confirm
the quality defects in the product: (1)&nbsp;adjusting the price or replacing those silicon wafer
products that do not meet the requirements or have quality defects; (2)&nbsp;making compensation for any
economic loss suffered by the Buyer due to the quality defects of silicon wafers. The amount of
compensation shall generally be restricted to the value of the product purchased by CSIS. The
Buyer shall make complaints about the quality of product to the Seller within 15&nbsp;days of the
receipt of the product. The Buyer shall give the Seller reasonable time to prepare a reply after
receiving the written complaint report. If no complaint is received by the deadline, the Buyer
shall be deemed not to have any objection to the quality of silicon wafers (except for the
objection for the quality of battery performance).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3 (Limited liabilities) Save for the delay in delivery of product as set forth in <U>Article
5(3)</U> hereof due to the failure on the part of the Seller to produce and manufacture silicon
wafers in such quantity as required in this Contract as scheduled, LDK shall not be liable for any
economic loss in connection with the delay in delivery caused by other circumstances that are
beyond its control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4. Any compensation resulting from the faults of LDK or its negligence, including the compensation
for the external damage of the &#147;limited damages&#148; stated this Article&nbsp;5(1) or death or injury of
personnel or other civil torts, shall generally be limited to the balance of the deposit paid by
the Buyer in the year to which deposit relates (For the details of data, please see <U>Exhibit
B</U>).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">5. (Exclusion of liabilities) It is believed that any failure to perform or partially perform the
obligations hereunder at the time of or after any force majeure event can be excluded from
liabilities. However, a party who has breached this Contract prior to any force majeure event
cannot be excluded from liabilities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;8: Intellectual Property
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. If CSIS is sued or any claim is made against it in connection with the infringement of the
intellectual property right of a third party by LDK due to its manufacturing method or production
process or product itself, LDK shall be liable for any economic loss suffered by CSIS as well as
any cost incurred by such legal action. CSIS shall notify LDK in writing of the legal action in a
timely manner and shall make the best effort to assist or cooperate with LDK so as to put such
action under control.
</DIV>

<DIV align="center">
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</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 5 of 11
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. If CSIS infringes the intellectual property right of a third party due to the use of LDK product
in its production process, LDK shall not be liable for any cost incurred thereby.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;9: Force Majeure
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. No parties hereto shall be liable for any delay in the performance of this Contract due to any
force majeure that is beyond their control (specifically including the natural disasters such as
earthquake, mud-rock flow, typhoon and flooding; faults of the other party; government acts due to
the change of laws and regulations; human battles; fire; terrorist attacks and air accidents). The
parties hereto shall understand the delay in the performance of this Contract by the other party
due to force majeure events. The parties hereto shall be under an obligation to work together to
negotiate subsequent remedial measures and other proposals upon the occurrence of force majeure
events so as to mitigate any negative effects from the force majeure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. The party so affected by the force majeure event shall notify the other party immediately by
telex or fax, and shall provide the other party with the documentations issued by the relevant
government authorities or the competent authorities required by laws by registered mail to prove
the objectivity of the force majeure event. Once the force majeure event lasts for over two
months, the parties hereto shall have the right to terminate this Contract and no party hereto
shall be legally liable to the other party. However, the Seller shall immediately refund any
payment for goods, deposit or other payments that have been paid by the Buyer; or the Buyer shall
be under an obligation to make any payment for goods that is payable to the Seller in a timely
manner.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;10: Dispute Resolution
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any dispute arising from this Contract shall be first resolved through friendly consultation. If
no agreement can be reached through consultation, the parties hereto unanimously agree that such
dispute shall be referred to the China International Economic and Trade Arbitration Commission
(&#147;CIETAC&#148;) (the place of arbitration: Shanghai, China) for arbitration in accordance with the
CIETAC&#146;s arbitration rules then in force at the time of applying for arbitration. The arbitral
award shall be final and legally binding upon the parties. Any arbitration fee of the arbitration
body and any reasonable cost incurred by the winning party for its engagement of lawyer shall be
borne by the party who loses in such arbitration.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Article&nbsp;11: Effectiveness of this Contract and Miscellaneous
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. In full consideration of the interest of the parties and based on the principles and purposes of
mutual benefits, the parties hereto jointly draft this Contract through mutual consultation, and
there is no such act that a party causes harm to the interest of the other party.
</DIV>


<DIV align="center">
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    <TD width="30%">&nbsp;</TD>
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    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
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<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIS-LDK2008-6-6
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 6 of 11
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    <TD>&nbsp;</TD>
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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. Unless with the written consent of the parties, no party shall transfer its rights and
obligations hereunder to any third party. If CSIS is required to transfer its rights and
obligations hereunder to Canadian Solar Co., Ltd and its direct associated companies (Remark: CSI
Cells Co., Ltd. and CSI Central Solar Power Co., Ltd., hereinafter referred to as &#147;CSIS Associated
Companies&#148;), it shall notify LDK in writing of such transfer at least 10 working days prior to the
transfer and can transfer to CSIS Associated Companies its rights and obligations hereunder.
Following the transfer of its rights and obligations hereunder, the party who accepts the transfer
shall continue to perform CSIS&#146;s obligations pursuant to the requirements of this Contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. (Guarantee given by a third party) Any party may request the other party to provide a third
party&#146;s guarantee in respect of its own ability to perform this Contract. If a third party
provides a guarantee, it shall, together with the party guaranteed, be jointly liable for this
Contract to the &#147;other party with whom the guaranteed party enters this Contract&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4. The parties hereto fully understand the provisions of this Contract. This Contract shall also
supersede any informal consensus previously reached by the parties hereto. No amendment shall
become effective unless it is authorized and signed by the parties hereto.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Buyer: CSI Solar Power Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller: Jiangxi LDK Solar Hi-Tech Co., Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(Chop) (with common seal of CSI Solar Power Inc.)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Chop) (with common seal of Jiangxi LDK Solar Hi-Tech Co., Ltd.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Legal representative or authorized representative:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Legal representative or authorized representative:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><u>/s/ CSI Solar Power Inc.</u> (Signature)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><u>/s/ Jiangxi LDK Solar Hi-Tech Co., Ltd.</u> (Signature)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: 27 June&nbsp;2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date: 27 June&nbsp;2008</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
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</TR>
<!-- End Table Head -->
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<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIS-LDK2008-6-6
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 7 of 11
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
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<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;A: Standards for the Quality of Silicon Wafers</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Name of the Product: <U>Multi-crystalline wafers using orientation growth method</U>;
specification: 156mm * 156mm * 200um
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">1. Properties of Electricity
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Electric conductive type: Type P, doping.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Electrical resistivity: 0.5ohm.cm &#150; 3ohm.cm.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Life time: greater than or equal to 2 microseconds.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">2. Physical Properties
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Crystal structure: multi-crystals
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Defects of crystal: no visual substance inside; the area of micro-crystals does not exceed 1/8 of
that of a single wafer; no stain.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shape of silicon wafer: square
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Length of edge: 156mm &#177; 0.5mm
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Chamfer: 0.5mm &#150; 2mm, 45 degree &#177; 10 degree
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thickness: 180um &#177; 20um, of which: silicon wafers that are &#060;170um do not exceed 20%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TTV: &#060;50um
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Saw mark: &#060;20um
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Bending degree: &#060;50um
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">3. Geometrical Defects
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Broken corner: less than 2 defects, which are &#060;1mm (length) * 5mm (depth), are found in each
silicon wafer;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Crack: no V-shape crack;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No wafer with cleft, no wafer with pin holes;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The number of defective wafers shall not be more than 2 in every 100 silicon wafers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">4. Packaging:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">External packaging: paper carton; internal packaging: bubble box
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Identification: date of production, ingot number, specifications, electrical resistivity, quantity,
life time, etc.
</DIV>


<DIV align="center">
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</TR>
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<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIS-LDK2008-6-6
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 8 of 11
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
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<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">5. Inspection Level: AQL2.5
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Buyer: CSI Solar Power Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller: Jiangxi LDK Solar Hi-Tech Co., Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(Chop) (with common seal of CSI Solar Power Inc.)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Chop) (with common seal of Jiangxi LDK Solar Hi-Tech Co., Ltd.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Legal representative or authorized representative:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Legal representative or authorized representative:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><u>/s/ CSI Solar Power Inc.</u> (Signature)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><u>/s/ Jiangxi LDK Solar Hi-Tech Co., Ltd.</u> (Signature)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: 27 June&nbsp;2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date: 27 June&nbsp;2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
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    <TD width="30%">&nbsp;</TD>
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    <TD width="30%">&nbsp;</TD>
</TR>
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    <TD align="LEFT" valign="top">CSIS-LDK2008-6-6
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 9 of 11
</TD>
    <TD>&nbsp;</TD>
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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;B</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Ten Thousand Pieces</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Actual Payment of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">MW</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Total Price (Ten</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Unit Price for</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Total Contract Sum</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Balance of the</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Unit Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Thousand Yuan)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Invoice</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">(Ten Thousand Yuan)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Deposit at the End</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">of the Period (Ten</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Thousand Yuan)</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2009-7/12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2010</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2011</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2012</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2013</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2014</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2015</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2016</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2017</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">2018</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>Total:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#165;&#091;****&#093;*</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;C</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Adjustment to the Thickness of Silicon Wafers</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the current stage, the thickness of silicon wafers is 180um, which can be changed according to
the following terms:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">When the thickness of silicon wafers is reduced from 180um to 160um, LDK will increase the quantity
of silicon wafers to be supplied to CSIS by 4.5% and their price will be cut by 3%.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Buyer: CSI Solar Power Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller: Jiangxi LDK Solar Hi-Tech Co., Ltd.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(Chop) (with common seal of CSI Solar Power Inc.)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Chop) (with common seal of Jiangxi LDK Solar Hi-Tech Co., Ltd.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Legal representative or authorized representative:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Legal representative or authorized representative:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><u>/s/ CSI Solar Power Inc.</u> (Signature)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><u>/s/ Jiangxi LDK Solar Hi-Tech Co., Ltd.</u> (Signature)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: 27 June&nbsp;2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date: 27 June&nbsp;2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>This portion of the Long-term (10-Year) Multi-crystalline Wafer
Supply Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule&nbsp;24b-2.</TD>
</TR>

</TABLE>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">CSIS-LDK2008-6-6
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 10 of 11
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="right" style="font-size: 10pt; margin-top: 6pt">&#091;Translation&#093;
</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Supplemental Agreement to the<BR>
Long-term (10-Year) Multi-crystalline Wafer Supply Contract</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Party A: CSI Cells Co., Ltd.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Address: No.&nbsp;199 Lushan Road, Suzhou New District, Jiangsu Province
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Party B: Jiangxi LDK Solar Hi-Tech Co., Ltd.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Address: Xinyu Economic Development Zone, Jiangxi Province
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">CSI Solar Power Inc. and Jiangxi LDK Solar Hi-Tech Co., Ltd. entered into the Long-term (10-Year)
Multi-crystalline Wafer Supply Contract (Contract No.: CSIS-LDK2008-6-6) on 27 June&nbsp;2008. As the
signing party of the Contract is &#147;CSI Solar Power Inc.&#148; and the party for payment and production is
&#147;CSI Cells Co., Ltd., the original signing party of the Contract shall be changed from &#147;CSI Solar
Power Inc.&#148; to &#147;CSI Cells Co., Ltd.&#148;. The subsequent validity of the Contract (Contract No.:
CSIS-LDK2008-6-6), its interpretation and performance shall be rested on CSI Cells Co., Ltd.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Party A: CSI Cells Co., Ltd.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ CSI Cells Co., Ltd.<BR>
(with common seal of CSI Cells Co., Ltd.)<BR>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Party B: Jiangxi LDK Solar Hi-Tech Co., Ltd.<BR>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ Jiangxi LDK Solar Hi-Tech Co., Ltd.<BR>
(with common seal of Jiangxi LDK Solar Hi-Tech Co., Ltd.)

</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="LEFT" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Page 11 of 11
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.1
<SEQUENCE>5
<FILENAME>h03655a1exv12w1.htm
<DESCRIPTION>EX-12.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv12w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 12.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Certification by the Chief Executive Officer<BR>
Pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I, Shawn (Xiaohua) Qu, certify that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;I have reviewed this annual report on Form 20-F of Canadian Solar Inc. (the &#147;Company&#148;), as
amended by Amendment No.&nbsp;1 to <BR>
Form 20-F;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Based on my knowledge, the financial statements, and other financial information included
in this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the Company as of, and for, the periods presented in this report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;The Company&#146;s other certifying officer(s) and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the Company and have:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls
and procedures to be designed under our supervision, to ensure that material information
relating to the Company, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision, to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the Company&#146;s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the Company&#146;s internal control over financial
reporting that occurred during the period covered by this annual report that has materially
affected, or is reasonably likely to materially affect, the Company&#146;s internal control over
financial reporting; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;The Company&#146;s other certifying officer(s) and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the Company&#146;s auditors and the audit
committee of Company&#146;s board of directors (or persons performing the equivalent function):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to adversely affect the
Company&#146;s ability to record, process, summarize and report financial information; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who
have a significant role in the Company&#146;s internal control over financial reporting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: October&nbsp;13, 2009
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="0%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">             /s/ Shawn (Xiaohua) Qu
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Shawn (Xiaohua) Qu&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.2
<SEQUENCE>6
<FILENAME>h03655a1exv12w2.htm
<DESCRIPTION>EX-12.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv12w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 12.2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Certification by the Chief Financial Officer<BR>
Pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I, Arthur Chien, certify that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;I have reviewed this annual report on Form 20-F of Canadian Solar Inc. (the &#147;Company&#148;), as
amended by Amendment No.&nbsp;1 to <BR>
Form 20-F;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Based on my knowledge, the financial statements, and other financial information included
in this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the Company as of, and for, the periods presented in this report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;The Company&#146;s other certifying officer(s) and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the Company and have:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls
and procedures to be designed under our supervision, to ensure that material information
relating to the Company, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision, to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the Company&#146;s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the Company&#146;s internal control over financial
reporting that occurred during the period covered by this annual report that has materially
affected, or is reasonably likely to materially affect, the Company&#146;s internal control over
financial reporting; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;The Company&#146;s other certifying officer(s) and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the Company&#146;s auditors and the audit
committee of Company&#146;s board of directors (or persons performing the equivalent function):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to adversely affect the
Company&#146;s ability to record, process, summarize and report financial information; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who
have a significant role in the Company&#146;s internal control over financial reporting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: October&nbsp;13, 2009
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="0%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">              /s/ Arthur Chien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Arthur Chien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.1
<SEQUENCE>7
<FILENAME>h03655a1exv13w1.htm
<DESCRIPTION>EX-13.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv13w1</TITLE>
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<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 13.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Certification by the Chief Executive Officer<BR>
Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the Annual Report of Canadian Solar Inc. (the &#147;Company&#148;) on Form 20-F for
the year ended December&nbsp;31, 2008 initially filed with the Securities and Exchange Commission on
June&nbsp;8, 2009, as amended by Amendment No.&nbsp;1 on Form 20-F on the date hereof (the &#147;Report&#148;), I,
Shawn (Xiaohua) Qu, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: October&nbsp;13, 2009
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="0%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">             /s/ Shawn (Xiaohua) Qu
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Shawn (Xiaohua) Qu&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.2
<SEQUENCE>8
<FILENAME>h03655a1exv13w2.htm
<DESCRIPTION>EX-13.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv13w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 13.2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Certification by the Chief Financial Officer<BR>
Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the Annual Report of Canadian Solar Inc. (the &#147;Company&#148;) on Form 20-F for
the year ended December&nbsp;31, 2008 initially filed with the Securities and Exchange Commission on
June&nbsp;8, 2009, as amended by Amendment No.&nbsp;1 on Form 20-F on the date hereof (the &#147;Report&#148;), I,
Arthur Chien, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section&nbsp;1350,
as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: October&nbsp;13, 2009
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="0%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">              /s/ Arthur Chien
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Arthur Chien&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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