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<SEC-DOCUMENT>0000950123-09-012001.txt : 20090608
<SEC-HEADER>0000950123-09-012001.hdr.sgml : 20090608
<ACCEPTANCE-DATETIME>20090608062824
ACCESSION NUMBER:		0000950123-09-012001
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20090605
FILED AS OF DATE:		20090608
DATE AS OF CHANGE:		20090608

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:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33107
		FILM NUMBER:		09878458

	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>6-K
<SEQUENCE>1
<FILENAME>h03415e6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<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: 18pt; margin-top: 12pt"><B>Form&nbsp;6-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REPORT OF FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>For the month of June&nbsp;2009</B></DIV>

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

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

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

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>No.&nbsp;199 Lushan Road<BR>
Suzhou New District<BR>
Suzhou, Jiangsu 215129<BR>
People&#146;s Republic of China<BR>
(Address of principal executive office)</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Form&nbsp;20-F&nbsp;<FONT face="Wingdings">&#254;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F&nbsp;<FONT face="Wingdings">&#111;</FONT></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(1):&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(7):&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b) under the
Securities Exchange Act of 1934.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#254;</FONT>
</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="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with
Rule&nbsp;12g3-2(b):</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 12pt">82- <U>N/A</U></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>




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






<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">CANADIAN SOLAR INC.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Form&nbsp;6-K

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">TABLE OF CONTENTS

</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="100%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#101">Signature</A></DIV></TD>
</TR>
<!-- End Table Body -->
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="h03415exv20w1.htm">Exhibit 20.1 - Notice of Annual and Special Meeting of Shareholders</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="h03415exv20w2.htm">Exhibit 20.2 - Management Information Circular</A></FONT></TD></TR>
</TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
<DIV align="left">
<A name="101"></A>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
</DIV>

<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>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CANADIAN SOLAR INC.<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/ 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">Chairman, President and<br>
Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: June&nbsp;8, 2009
</DIV>

</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-20.1
<SEQUENCE>2
<FILENAME>h03415exv20w1.htm
<DESCRIPTION>EXHIBIT 20.1 - NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-20.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->



<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;20.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CANADIAN SOLAR INC.<BR>
130 King Street West, Suite&nbsp;1600, The Exchange Tower<BR>
Toronto, Canada M5X 1J5</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS</B>

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NOTICE IS HEREBY GIVEN </B>that an annual and special meeting (the &#147;<B>Meeting</B>&#148;) of shareholders of
Canadian Solar Inc. (the &#147;<B>Corporation</B>&#148;) will be held at Suite&nbsp;4400, Brookfield Place, 181 Bay
Street, Toronto, Ontario, Canada M5J 2T3 on Monday, June&nbsp;29, 2009 at 10 a.m. (local time) for the
following purposes:
</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">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to receive the audited consolidated financial statements of the
Corporation for the financial year ended December&nbsp;31, 2008, together with the
auditors&#146; report thereon and the notes thereto;</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)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to elect directors of the Corporation;</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">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to reappoint Deloitte Touche Tohmatsu CPA, Ltd. as the auditors of the
Corporation and to authorize the directors of the Corporation to fix their
remuneration;</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">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to consider and, if thought fit, to approve a special resolution of
shareholders authorizing the Corporation to transfer all of the equity of its
existing wholly-owned Chinese subsidiaries to a newly-formed, wholly-owned
Chinese subsidiary (&#147;<B>China Holdco</B>&#148;), the equity of which will be held by the
Corporation, either directly or indirectly through a newly-formed, wholly-owned
Hong Kong subsidiary (&#147;<B>Hong Kong Holdco</B>&#148;), and to receive in exchange therefor
equity of China Holdco or shares of Hong Kong Holdco; 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">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to transact such other business as properly may be brought before the
Meeting or any adjournment thereof.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The matters to be dealt with at the Meeting are described in the management information
circular of the Corporation accompanying this Notice (the &#147;<B>Circular</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Shareholders are entitled to appoint a proxy to attend and act for and on behalf of them at
the Meeting. Shareholders who are unable to attend the Meeting in person and who wish to ensure
that their common shares are voted at the Meeting are requested to complete, sign and return the
accompanying form of proxy in accordance with the instructions set out therein and in the Circular.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>DATED: </B>June&nbsp;4, 2009.
</DIV>


<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>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>BY ORDER OF THE BOARD OF DIRECTORS</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">/s/ Shawn (Xiaohua) Qu<br>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>Shawn (Xiaohua) Qu</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD NOWRAP colspan="3" align="left"><B>Chairman, President and Chief Executive Officer</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>
</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-20.2
<SEQUENCE>3
<FILENAME>h03415exv20w2.htm
<DESCRIPTION>EXHIBIT 20.2 - MANAGEMENT INFORMATION CIRCULAR
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-20.2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->

<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="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;20.2
</DIV>


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


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION INCORPORATED BY REFERENCE</B>

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain information contained in this management information circular (the &#147;<B>Circular</B>&#148;) has
been incorporated in this Circular from the annual report of the Corporation on Form 20-F (&#147;<B>Form
20-F</B>&#148;), which has been filed with the United States Securities and Exchange Commission and is
attached hereto.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Solicitation of Proxies</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Circular of Canadian Solar Inc. (the &#147;<B>Corporation</B>&#148;) is furnished in connection with the
solicitation of proxies by management of the Corporation for use at the annual and special meeting
of shareholders of the Corporation (the &#147;<B>Meeting</B>&#148;) to be held at the time and place and for the
purposes set forth in the notice of meeting accompanying this Circular (the &#147;<B>Notice</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The solicitation of proxies will be primarily by mail, but proxies may also be solicited by
telephone, in writing or in person by the directors, officers and regular employees of the
Corporation. The Corporation may also use the services of a proxy solicitation firm. The cost of
the solicitation of proxies will be borne by the Corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Appointment of Proxies</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The persons named in the accompanying form of proxy are directors and/or officers of the
Corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A shareholder has the right to appoint a person (who need not be a shareholder) other than the
persons named in the accompanying form of proxy to be the proxy of the shareholder at the Meeting
and may exercise this right either by inserting that person&#146;s name in the blank space provided in
the accompanying form of proxy or by completing another proper form of proxy</B>. To be effective,
completed proxies must be received by BNY Mellon Shareowner Services by mail in the enclosed return
envelope, at least 48 hours (excluding Saturdays, Sundays and holidays) before the time of the
Meeting or any adjournment thereof or be deposited with the chairman of the Meeting before the
commencement of the Meeting or any adjournment thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Revocation of Proxies</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proxies given by shareholders for use at the Meeting may be revoked at any time before their
use. In addition to revocation in any manner permitted by law, a proxy may be revoked by
depositing an instrument in writing signed by the shareholder or by the shareholder&#146;s attorney duly
authorized in writing with BNY Mellon Shareowner Services by mail or hand delivery to the Proxy
Department, 480 Washington Boulevard, Jersey City, New Jersey, 07310-1900 United States of America
at least 48 hours (excluding Saturdays, Sundays and holidays) before the time of the Meeting or any
adjournment thereof or be deposited with the chairman of the Meeting before the commencement of the
Meeting or any adjournment thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Voting and Discretion of Proxies</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The common shares represented by the proxies solicited by management pursuant to this Circular
will be voted in accordance with the directions contained therein.
</DIV>
</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">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&nbsp;-2-
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>If no directions are given, the common shares will be voted FOR:</B>
</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>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>the election of the five proposed nominees for election as directors named in
the Circular;</B></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>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>the appointment of Deloitte Touche Tohmatsu CPA, Ltd. as the auditors of the
Corporation and the authorization of the directors of the Corporation to fix their
remuneration; and</B></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>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>the approval of a special resolution of shareholders authorizing the
Corporation to transfer all of the equity of its existing wholly-owned Chinese
subsidiaries to a newly-formed, wholly-owned Chinese subsidiary (&#147;China Holdco&#148;), the
equity of which will be held by the Corporation, either directly or indirectly through
a newly-formed, wholly-owned Hong Kong subsidiary (&#147;Hong Kong Holdco&#148;), and to receive
in exchange therefor equity of China Holdco or shares of Hong Kong Holdco (the
&#147;Reorganization Resolution&#148;).</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The accompanying form of proxy confers discretionary authority on the persons named therein in
respect of amendments or variations to the matters referred to in this Circular and in respect of
other matters that may properly come before the Meeting or any adjournment thereof. Management of
the Corporation knows of no such amendments or variations or other matters that may properly come
before the Meeting but, if any such amendments or variations or other matters properly come before
the Meeting, the persons named in the accompanying form of proxy will vote thereon in accordance
with their best judgement.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders of record on Friday, June&nbsp;5, 2009 are entitled to receive notice of and vote at
the Meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The authorized capital of the Corporation consists of an unlimited number of common shares.
As of April&nbsp;30, 2009, there were 35,686,313 common shares outstanding. All of the outstanding
common shares may be voted at the Meeting. Shareholders are entitled to one vote for each common
share held by them.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the knowledge of the directors and executive officers of the Corporation, the only persons
who beneficially own, directly or indirectly, or exercise control or direction over voting
securities of the Corporation carrying 5% or more of the voting rights attached to any class of
voting securities of the Corporation are set out in Item&nbsp;6E &#147;Share Ownership&#148; of Form 20-F.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All matters to be dealt with at the Meeting require the approval of a majority of the votes
cast on the matter, other than the Reorganization Resolution, which requires the approval of at
least two-thirds of the votes cast on the matter.
</DIV>
</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">
<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->

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


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Consolidated Financial Statements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The audited consolidated financial statements of the Corporation for the financial year ended
December&nbsp;31, 2008, together with the auditors&#146; report thereon and the notes thereto, accompany this
Circular and will be submitted to the Meeting. Receipt of the audited consolidated financial
statements will not constitute approval or disapproval of any matters referred to therein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Election of Directors</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The articles of the Corporation require that the Corporation have a minimum of three directors
and a maximum of ten directors. The articles also provide that the actual number of directors
within the specified minimum and maximum may be determined from time to time by resolution of the
directors. The board of directors of the Corporation (the &#147;<B>Board</B>&#148;) has by resolution fixed the
number of directors of the Corporation to be elected at the Meeting, within the specified minimum
and maximum, at five. The term of office of each of the current directors expires on the election
of directors at the Meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management of the Corporation intends to nominate the individuals named below for election as
directors of the Corporation. <B>The Corporation has not received notice, and management of the
Corporation is not aware, of any other nominees for election as directors of the Corporation.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets out the name and province or state and country of residence of each
person proposed to be nominated for election as director at the Meeting and his current position
with the Corporation. See Item&nbsp;6A &#147;Directors and Senior Management&#148;, Item&nbsp;6C &#147;Board Practices &#151;
Committees of the Board of Directors&#148; and Item&nbsp;6E &#147;Share Ownership&#148; of Form 20-F for the following
additional information with respect to each person proposed to be nominated for election as
director at the Meeting: the period during which he has served as a director, the Board committees
of which he is a member, his principal occupation and the number of common shares beneficially
owned, directly or indirectly, or controlled or directed by him.
</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="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name and Municipality of Residence</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Current Position(s) with the Corporation</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Shawn (Xiaohua) Qu</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, President and Chief Executive</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Suzhou, People&#146;s Republic of China
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Officer and Director</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"><B>Arthur Chien</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director and Chief Financial Officer</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Beijing, People&#146;s Republic of China</DIV></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>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Robert McDermott</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lead Independent Director</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Toronto, Ontario, Canada</DIV></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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Lars-Eric Johansson</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">London, The United Kingdom</DIV></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>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Michael G. Potter</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Pleasanton, California, United States of America</DIV></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"><B>Appointment of Auditors</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management of the Corporation proposes that Deloitte Touche Tohmatsu CPA, Ltd. be re-appointed
auditors of the Corporation and that the directors of the Corporation be authorized to fix their
remuneration. Deloitte Touche Tohmatsu CPA, Ltd. have been auditors of the Corporation since
December&nbsp;2005.
</DIV>
</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">
<P align="center" style="font-size: 10pt"><!-- Folio -->-4-<!-- /Folio -->

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management of the Corporation is seeking approval of the Reorganization Resolution.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A description of the Reorganization Resolution is set out in Schedule&nbsp;A to this Circular. A
copy of the Reorganization Resolution is set out in Schedule&nbsp;B to this Circular.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management of the Corporation knows of no other matters that may properly come before the
Meeting.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>STATEMENT OF EXECUTIVE COMPENSATION</B>
</DIV>


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Item&nbsp;6B &#147;Compensation of Directors and Executive Officers &#151; Cash Remuneration and
Share-based Remuneration&#148; and Item&nbsp;6C &#147;Board Practices &#151; Directors&#146; Agreements&#148; of Form 20-F.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Employment and Management Contracts</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Item&nbsp;6C &#147;Board Practices &#151; Employment Agreements&#148; of Form 20-F.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Compensation of Directors</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Item&nbsp;6B &#147;Compensation of Directors and Executive Officers &#151; Cash Remuneration&#148; and Item&nbsp;6C
&#147;Board Practices &#151; Directors&#146; Agreements&#148; of Form 20-F.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Item&nbsp;7 &#147;Major Shareholders and Related Party Transactions&#148; of Form 20-F.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INTEREST OF INSIDERS IN MATERIAL TRANSACTIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Item&nbsp;6C &#147;Board Practices &#151; Interested Transactions&#148; and Item&nbsp;7B &#147;Related Party
Transactions&#148; of Form 20-F.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Item&nbsp;10C &#147;Material Contracts&#148; of Form 20-F.
</DIV>

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


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders must submit any shareholder proposal that they wish to be considered at the
annual meeting of shareholders of the Corporation in respect of the year ending December&nbsp;31, 2009
to be held in 2010 no later than February&nbsp;10, 2010. All shareholder proposals must comply with
Section&nbsp;137 of the <I>Canada Business Corporations Act.</I>
</DIV>



</DIV>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="center" style="font-size: 10pt"><!-- Folio -->-5-<!-- /Folio -->


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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The term <I>shareholder </I>refers to a registered holder of common shares. The term <I>common shares</I>
refers to common shares in the capital stock of the Corporation, excluding any restricted shares,
which are subject to restrictions on voting, dividend rights and transferability.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Date of Information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except where noted, all information in this Circular is as of June&nbsp;4, 2009.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>APPROVAL OF CIRCULAR BY BOARD</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The contents and the sending of this Circular have been approved by the Board.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>DATED </B>at Toronto, Canada this 4<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of June, 2009.
</DIV>


<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>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>BY ORDER OF THE BOARD OF DIRECTORS</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">/s/ Shawn (Xiaohua) Qu<br>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>Shawn (Xiaohua) Qu</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD NOWRAP colspan="3" align="left"><B>Chairman, President and Chief Executive Officer</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

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

<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"><B>SCHEDULE A</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>SPECIAL RESOLUTION OF SHAREHOLDERS</B>

</DIV>

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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management of the Corporation is seeking approval of a special resolution of shareholders (the
&#147;<B>Reorganization Resolution</B>&#148;), authorizing the Corporation to transfer all of the equity of its
existing wholly-owned Chinese subsidiaries to a newly-formed, wholly-owned Chinese subsidiary
(&#147;<B>China Holdco</B>&#148;), the equity of which would be held by the Corporation, either directly or
indirectly through a newly-formed, wholly-owned Hong Kong subsidiary (&#147;<B>Hong Kong Holdco</B>&#148;), in
exchange for equity of China Holdco or shares of Hong Kong Holdco (the &#147;<B>Reorganization</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The purpose of the Reorganization is to streamline the operations of the Corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assuming that the Reorganization Resolution is approved by shareholders, the board of
directors of the Corporation (the &#147;<B>Board</B>&#148;) will have the authority to implement the Reorganization.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation currently has seven wholly-owned Chinese subsidiaries (the <B>&#147;Chinese
Subsidiaries&#148;</B>). See Item&nbsp;4A &#147;History of the Company &#151; History and Development of the Company&#148; and
Item&nbsp;4C &#147;History of the Company &#151; Organizational Structure&#148; of Form 20-F. Management of the
Corporation believes that it will be more efficient, for operating and tax purposes, to consolidate
all of the Corporation&#146;s China-based operations under one Chinese holding company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;189 of the CBCA provides that a sale, lease or exchange of all or substantially all
the property of a corporation other than in the ordinary course of business of the corporation
requires the approval of the corporation&#146;s shareholders by special resolution. Since the
Reorganization will result in the transfer of all or substantially all the property of the
Corporation to China Holdco in exchange for equity of China Holdco or shares of Hong Kong Holdco,
completion of the Reorganization is conditional upon approval of the Reorganization Resolution by
shareholders by special resolution.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the principal terms of the framework agreement to be entered
into between the Corporation and China Holdco, and if the Corporation elects to hold the equity of
China Holdco indirectly through a Hong Kong subsidiary, Hong Kong Holdco:
</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">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Corporation will form and capitalize (the &#147;<B>Initial Equity</B>&#148;) China Holdco
and transfer to China Holdco all of the outstanding equity of the Chinese Subsidiaries
(the <B>&#147;Chinese Subsidiaries Equity&#148;</B>) in exchange for the issuance by China Holdco to the
Corporation of additional equity of China Holdco (the &#147;<B>Transfer Equity</B>&#148; and, together
with the Initial Equity, the &#147;<B>China Holdco Equity</B>&#148;). Following the transfer of the
Chinese Subsidiaries Equity and the issuance of the Transfer Equity, China Holdco will
be a wholly-owned subsidiary of the Corporation and the Chinese Subsidiaries will be
wholly-owned subsidiaries of China Holdco.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
</TABLE>
</DIV></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">
<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->

<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: #textcolor#; background: #bgcolor#">
<TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Corporation elects to hold the equity of China Holdco indirectly through
a Hong Kong subsidiary, the Corporation will also form Hong Kong Holdco. If it does,
the Corporation will transfer to Hong Kong Holdco the China Holdco Equity in exchange
for the issuance by Hong Kong Holdco to the Corporation of shares of
Hong Kong Holdco (&#147;<B>Hong Kong Holdco Shares</B>&#148;). Following the transfer of the China Holdco Equity and
the issuance of the Hong Kong Holdco Shares, Hong Kong Holdco will be a wholly-owned
subsidiary of the Corporation, China Holdco will be a wholly-owned subsidiary of
Hong Kong Holdco and the Chinese Subsidiaries will be wholly-owned subsidiaries of
China Holdco.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Reorganization Resolution is approved by shareholders by special resolution, the Board
will have the authority to determine whether and when to implement the Reorganization provided
that, if implemented, the Reorganization must be implemented before the next annual meeting of
shareholders of the Corporation. Implementation of the Reorganization will be subject to, among
other things, receipt of all required regulatory approvals.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The tax considerations of the Reorganization for shareholders are described in Appendix&nbsp;1 to
this Schedule&nbsp;A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>RIGHTS OF DISSENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Section&nbsp;190 of the CBCA, a registered holder of shares of the Corporation may
dissent in respect of the Reorganization. If the Reorganization is completed, dissenting
shareholders who have complied with the requirements of Section&nbsp;190 of the CBCA will be entitled to
be paid the fair value of their common shares. These requirements are summarized in Appendix&nbsp;2 to
this Schedule&nbsp;A. Failure to adhere strictly to these requirements may result in the loss or
unavailability of any right to dissent.
</DIV>
</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">
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>APPENDIX 1</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>TAX CONSIDERATIONS</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This schedule describes certain tax considerations for holders (the <B>&#147;Shareholders&#148;</B>) of common
shares (the <B>&#147;Shares&#148;</B>) of Canadian Solar Inc. (the <B>&#147;Corporation&#148;</B>) in connection with the
Reorganization, as those terms are defined in the attached Circular.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B><I>THIS SUMMARY IS OF A GENERAL NATURE ONLY AND IT IS NOT INTENDED TO BE, AND SHOULD NOT BE CONSTRUED<BR>
TO BE, LEGAL, BUSINESS OR TAX ADVICE TO ANY PARTICULAR SHAREHOLDER. ACCORDINGLY, SHAREHOLDERS<BR>
SHOULD CONSULT THEIR OWN TAX ADVISORS FOR ADVICE WITH RESPECT TO THEIR PARTICULAR CIRCUMSTANCES</I></B><B>.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>TAX CONSIDERATIONS IN CONNECTION WITH THE REORGANIZATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B><I>Principal Canadian Federal Income Tax Considerations</I></B></U>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following describes the principal Canadian federal income tax considerations to Shareholders
relative to the Reorganization and to the Corporation undertaking the Reorganization for purposes
of the <I>Income Tax Act </I>(Canada) (the <B>&#147;Canadian Tax Act&#148;</B>).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This summary is applicable only to Shareholders who at all relevant times, for the purposes of the
Canadian Tax Act, hold their Shares as capital property and deal at arm&#146;s length and are not
affiliated with the Corporation. Generally, the Shares will be considered to be capital property
to a person provided the person does not hold the Shares in the course of carrying on a business
and has not acquired the Shares in one or more transactions considered to be an adventure in the
nature of trade.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SHAREHOLDERS WHO DO NOT HOLD THE SHARES AS CAPITAL PROPERTY SHOULD CONSULT THEIR OWN TAX ADVISORS
REGARDING THEIR PARTICULAR CIRCUMSTANCES.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This summary is not applicable to: (i)&nbsp;any Canadian resident Shareholder in respect of whom the
Corporation will at any time be a <B>&#147;foreign affiliate&#148; </B>within the meaning of the Canadian Tax Act or
a <B>&#147;foreign investment entity&#148; </B>within the meaning of certain proposed amendments to the Canadian Tax
Act; (ii)&nbsp;any non-Canadian Shareholder who uses or holds, or may be deemed to use or hold, their
Shares in connection with a trade or business carried on in Canada; (iii)&nbsp;any Shareholder that is
an insurer or that is a financial institution subject to the mark-to-market rules in the Canadian
Tax Act; or (iv)&nbsp;Shareholders who acquired their Shares on the exercise of stock options. This
summary is not applicable to holders of options to acquire Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SUCH SHAREHOLDERS AND SECURITYHOLDERS SHOULD CONSULT THEIR OWN TAX ADVISERS.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This summary is based on the provisions of the Canadian Tax Act and regulations thereunder in force
as at the date hereof and on the published administrative policies of the Canada Revenue Agency
(the <B>&#147;CRA&#148;</B>). This summary takes into account all specific proposed changes to the Canadian Tax Act
and the regulations publicly announced by or on behalf of the Minister of Finance of Canada prior
to the date hereof. This summary does not take into account any other changes in law, whether by
judicial, governmental or legislative decision or action, nor any
</DIV></DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">provincial, territorial or
foreign income tax considerations. This summary is not exhaustive of all possible Canadian federal income tax
considerations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Consequences to Shareholders</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><I>Generally</I></U>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shareholders will not recognize a capital gain or loss for Canadian income tax purposes as a result
of the Reorganization, as such event does not result in a disposition or deemed disposition of
Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Reorganization will not affect the Canadian income tax treatment of Shareholders or Dissenting
Shareholders with respect to gains incurred on the sale of Shares or dividends or deemed dividends
received on the Shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Consequences to the Corporation</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><I>Reorganization</I></U>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Reorganization will be structured so that the transaction qualifies for a tax free roll-over
under the Canadian Tax Act so that the disposition by the Corporation of the shares it owns in its
foreign subsidiaries will not give rise to a gain for Canadian income tax purposes.
</DIV>





</DIV>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>APPENDIX 2</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>DISSENT RIGHTS</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following is a description of the rights of a registered holder of common shares of the
Corporation who intends to dissent from the Reorganization Resolution and seek payment of the fair
value of its common shares (a &#147;<B>Dissenting Shareholder</B>&#148;). The description is not a comprehensive
summary of the procedures to be followed by a Dissenting Shareholder and is qualified in its
entirety by Section&nbsp;190 of the <I>Canada Business Corporations Act </I>(the &#147;<B>CBCA</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;190 of the CBCA requires adherence to the procedures established therein. Failure to
adhere to such procedures may result in the loss of dissent rights. Shareholders who wish to
exercise their dissent rights should consult with their legal advisors. Dissenting Shareholders
should note that the exercise of dissent rights can be a complex, time-consuming and expensive
procedure.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Dissent to the Reorganization Resolution</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to any other right that a Dissenting Shareholder may have, but subject to any
limitations contained in the CBCA, a Dissenting Shareholder who complies with the provisions of
Section&nbsp;190 of the CBCA is entitled, when the action approved by the Reorganization Resolution from
which the Dissenting Shareholder dissents becomes effective, to be paid by the Corporation the fair
value of the common shares in respect of which the Dissenting Shareholder dissents, determined as
of the close of business on the day before the day on which the Reorganization Resolution was
approved by shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A Dissenting Shareholder may only exercise its dissent rights with respect to all the common shares
held on behalf of any one beneficial owner and registered in the name of the Dissenting
Shareholder.
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Persons who are beneficial holders of common shares of the Corporation registered in the name of a
broker, custodian, nominee or other intermediary and who wish to dissent should be aware that only
registered holders of common shares of the Corporation are entitled to dissent. Accordingly, if
you are a beneficial shareholder and wish to exercise your right of dissent, you must make
arrangements for the common shares beneficially owned by you to be registered in your name before
the time that you are required to exercise your right of dissent or, alternatively, to make
arrangements for the registered holder of the common shares beneficially owned by you to exercise
your right of dissent on your behalf.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Procedure to Exercise Dissent Rights</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In order to dissent, a Dissenting Shareholder must send to the registered office of the
Corporation, by mail at 675 Cochrane Drive, East Tower, 6<SUP style="font-size: 85%; vertical-align: text-top">th </SUP>Floor, Markham, Ontario,
Canada L3R 0B0 or by facsimile at fax number &#043;1 905 530-2001, at or before the annual and special
meeting of shareholders at which the Reorganization Resolution is to be voted on (the &#147;<B>Meeting</B>&#148;), a
written objection (the &#147;<B>Written Objection&#148;</B>) to the Reorganization Resolution, clearly identifying
the Reorganization Resolution as the resolution with respect to which the dissent is being
exercised.
</DIV>

</DIV>
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<P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If the Reorganization Resolution is approved by the shareholders of the Corporation, the
Corporation must, within ten days thereof, send to each Dissenting Shareholder who has filed and
not withdrawn a Written Objection a notice (the &#147;<B>Corporation&#146;s Notice</B>&#148;) that the Reorganization Resolution has been
approved.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Within 20&nbsp;days after it receives the Corporation&#146;s Notice (or, if the Dissenting Shareholder does
not receive the Corporation&#146;s Notice, within 20&nbsp;days after learning that the Reorganization
Resolution has been approved), the Dissenting Shareholder must deliver to the registered office of
the Corporation (as set forth above), a further written notice (the &#147;<B>Demand Notice</B>&#148;) demanding
payment of the fair value of the Dissenting Shareholder&#146;s common shares. The Demand Notice must
include the Dissenting Shareholder&#146;s name and address and the number of common shares in respect of
which the Dissenting Shareholder dissents. The Dissenting Shareholder must also, within 30&nbsp;days
after sending the Demand Notice, send the certificates representing the common shares in respect of
which the Dissenting Shareholder dissents to the Corporation or its transfer agent. The
Corporation or its transfer agent will endorse on the share certificates received from the
Dissenting Shareholder a notice that the holder is a Dissenting Shareholder and promptly return the
certificates to the Dissenting Shareholder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A Dissenting Shareholder who fails to send to the Corporation, within the appropriate time frame, a
Written Objection, a Demand Notice and the certificates representing the common shares in respect
of which the Dissenting Shareholder dissents, will forfeit its dissent rights under Section&nbsp;190 of
the CBCA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation must, not later than seven days after the later of the day on which the action
approved by the Reorganization Resolution is effective and the day on which the Corporation
received the Demand Notice, send to each Dissenting Shareholder who has sent a Demand Notice a
written offer (the &#147;<B>Offer</B>&#148;) to pay the fair value amount, as considered by the directors of the
Corporation, for each of the Dissenting Shareholder&#146;s common shares. The Offer must be accompanied
by a statement showing how the fair value of the common shares was determined. If the Dissenting
Shareholder does not accept the Offer within 30&nbsp;days, the Offer will lapse. If the Dissenting
Shareholder accepts the Offer within 30&nbsp;days, the Corporation must pay for the common shares of the
Dissenting Shareholder within ten days after acceptance.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Application to the Court</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If the Corporation fails to make an Offer or if a Dissenting Shareholder fails to accept an Offer
made by the Corporation, the Corporation may, within 50&nbsp;days after the action approved by the
Reorganization Resolution is effective or within such further period as a court may allow, apply to
a court having jurisdiction in either Ontario or in the province where the Dissenting Shareholder
resides if the Corporation carries on business in that province (the &#147;<B>Court</B>&#148;) to fix a fair value
for the common shares of the Dissenting Shareholders. There is no obligation on the Corporation to
make such an application. If the Corporation does not make such an application, a Dissenting
Shareholder has the right to so apply within a further 20&nbsp;days or within such further time period
as the Court may allow. A Dissenting Shareholder is not required to give security for costs in
respect of an application made by either the Dissenting Shareholder or the Corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If such an application made, whether by the Corporation or a Dissenting Shareholder, all Dissenting
Shareholders whose common shares have not been purchased by the Corporation will be joined as
parties to the application and will be bound by the decision of the Court. The Corporation must
notify all affected Dissenting Shareholders of the date, place and consequences of any application
and of their right to appear and be heard in person or by counsel with respect to the application.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On the application, the Court will make an order fixing the fair value of the common shares of all
Dissenting Shareholders who are parties to the application, giving judgment in that amount against
the Corporation and in favour of each of those Dissenting Shareholders. The Court
</DIV></DIV>
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<P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">may, at its
discretion, appoint one or more appraisers to assist it in fixing the fair value of the common shares. The
Court may also, in its discretion, allow a reasonable rate of interest on the amount payable to
each Dissenting Shareholder, calculated from the date the action approved by the Reorganization
Resolution is effective until the date of payment. The fair value of the common shares as
determined for such purpose by the Court will not necessarily be the same as, and could vary
significantly from, the fair market value of the common shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Circumstances in Which Payment May Not Be Made</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Corporation will not be required to make a payment to a Dissenting Shareholder if there are
reasonable grounds for believing that the Corporation is or would after the payment be unable to
pay its liabilities as they become due, or that the realizable value of the assets of the
Corporation would thereby be less than the aggregate of its liabilities (the &#147;<B>Conditions</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If the Conditions apply, the Corporation must notify each Dissenting Shareholder that it is unable
lawfully to pay Dissenting Shareholders for their common shares:
</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">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not later than seven days after the later of the day on which the action
approved by the Reorganization Resolution is effective or the day the Corporation
received the Demand Notice; or</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)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>within ten days after the pronouncement of an order by the Court, if any, as
described above.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event of the notice in (b), a Dissenting Shareholder may, by written notice delivered to the
Corporation at its registered office (as set forth above) within 30&nbsp;days after receipt of such
notice, either withdraw its Demand Notice, in which case the Corporation shall be deemed to consent
to the withdrawal and such Dissenting Shareholder shall be reinstated with full rights as a
shareholder, or retain its status as a claimant against the Corporation to be paid as soon as the
Corporation is lawfully able to do so or, in a liquidation, to be ranked subordinate to the rights
of creditors of the Corporation, but in priority to its shareholders.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Cessation of Rights</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On the sending of a Demand Notice, each Dissenting Shareholder ceases to have any rights as a
shareholder other than the right to be paid the fair value of its common shares as determined under
Section&nbsp;190 of the CBCA, except where:
</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">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Demand Notice is withdrawn before the Corporation makes an Offer;</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)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Corporation fails to make an Offer and the Dissenting Shareholder
withdraws the Demand Notice; or</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">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Reorganization Resolution is revoked by the Board of Directors of the
Corporation pursuant to the provisions of the CBCA, in which case the Dissenting
Shareholder&#146;s rights will be re-instated as of the date the Demand Notice was sent to
the Corporation.</TD>
</TR>


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



</TABLE>
</DIV>

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


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>CANADIAN SOLAR INC.<BR>
(</B>the &#147;<B>Corporation</B>&#148;<B>)</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>SPECIAL RESOLUTION OF SHAREHOLDERS AUTHORIZING REORGANIZATION</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>RESOLVED AS A SPECIAL RESOLUTION THAT:</B>
</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="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Corporation is authorized to transfer all of the equity of its existing wholly-owned
Chinese subsidiaries to a newly-formed, wholly-owned Chinese subsidiary (&#147;<B>China Holdco</B>&#148;), the
equity of which will be held by the Corporation, either directly or indirectly through a
newly-formed, wholly-owned Hong Kong subsidiary (&#147;<B>Hong Kong Holdco</B>&#148;), and to receive in
exchange therefor equity of China Holdco or shares of Hong Kong Holdco (the &#147;<B>Reorganization</B>&#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="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The board of directors of the Corporation (the &#147;<B>Board</B>&#148;) is authorized to fix the terms and
conditions of the Reorganization.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any director or officer of the Corporation is authorized, for and on behalf of the
Corporation, to execute and deliver, or caused to be delivered, such documents and
instruments, and to do or cause to be done, such other acts and things, as in the opinion of
such director or officer is necessary or desirable in order to carry out the intent and
purpose of this special resolution.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board is authorized, in its discretion, and without further approval or authorization of
the shareholders of the Corporation, to revoke this special resolution and abandon the
Reorganization at any time.</TD>
</TR>

</TABLE>
</DIV>


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



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