NYSE, STP - Suntech Power Holdings Co.
Our predecessor company, Wuxi Suntech Power Co., Ltd., or Suntech China, was
incorporated in January 2001 and commenced business operations in May 2002. To
enable us to raise equity capital from investors outside of China, we
established a holding company structure by incorporating Power Solar System Co.,
Ltd., or Suntech BVI, in the British Virgin Islands on January 11, 2005. Suntech
BVI acquired all of the equity interests in Suntech China through a series of
transactions that have been accounted for as a recapitalization. In anticipation
of our initial public offering, we incorporated Suntech Power Holdings Co.,
Ltd., or Suntech, in the Cayman Islands as a listing vehicle on August 8, 2005.
Suntech became our ultimate holding company when it issued shares to the
existing shareholders of Suntech BVI on August 29, 2005 in exchange for all of
the shares that these shareholders held in Suntech BVI. We conduct substantially
all of our operations through Suntech China. ...
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