NEW YORK, January 29, 2008 — The Bank of New York Mellon, a global leader in asset management and securities servicing, has been selected by ReneSola Ltd ("ReneSola") as the depositary bank for its American depositary receipt ("ADR") program. Each ADR represents two ordinary shares. The ADRs are traded on the New York Stock Exchange under the symbol "SOL."

ReneSola and its subsidiaries are engaged in manufacturing solar wafers in the People's Republic of China. The company's solar wafers are sold to both Chinese and international photovoltaic (PV) cell and module manufacturers. The company's customers include some of the leading manufacturers of solar cells and modules, such as JA Solar Co., Ltd., Motech Industries Inc., Solarfun Power Holding Ltd., Suntech Power Co. Ltd. and Topco Technologies Corp.

"We are excited about the listing of ReneSola on the New York Stock Exchange, in addition to the existing trading of our shares on AIM of the London Stock Exchange," said Mr. Charles Bai, chief financial officer of ReneSola. "We believe the listing in the United States will help expand our investor base, increase our market profile and further enhance our corporate governance. We believe that The Bank of New York Mellon is best positioned as depositary to help us achieve these goals."

"We look forward to working with ReneSola on programs designed to heighten its visibility in the U.S. investment community," said Christopher Sturdy, executive vice president and head of The Bank of New York Mellon's Depositary Receipt Division. "This marks the fifth ADR program we've established for a company based in China in less than three months, as that country continues to be an extremely active market for firms looking to bring ADRs to US investors."

The Bank of New York Mellon's Depositary Receipt business is conducted through The Bank of New York subsidiary, which acts as depositary for more than 1,300 American and global depositary receipt programs, acting in partnership with leading companies from 63 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at http://www.adrbny.com/.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.

This release is for informational purposes only. The Bank of New York Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.