Hanwha SolarOne Co., Ltd., a vertically integrated manufacturer of silicon ingots, wafers and photovoltaic ("PV") cells and modules in China, announced members of its board and management team will be ringing the closing bell at NASDAQ on Friday, March 4, 2011 to commemorate the Company's updated brand and new ticker symbol.

Dr. Peter Xie, President and CEO of the Company, commented, "We have come a long way since we first listed as a public company back in December 2006.  The global demand for PV modules is growing at a rapid rate, and we believe our recent partnership with the financially sound and diversified Hanwha Group will add strategic synergies and resources while we expand our scale of operations, strengthen our brand and advance our technology in this environment.  Our new corporate brand reflects the enhanced capabilities and synergies we have with Hanwha, and we are looking forward to celebrating our transformation at the location where our company first hit the global stage back in 2006."

The Company will be hosting a reception with a small group of investors at the NASDAQ MarketSite shortly after the bell ringing to celebrate the occasion and to outline the benefits of the new company structure and branding.  

The following members of management will be in attendance:

——Ki-Joon Hong, Hanwha SolarOne Chairman of the Board and Chief Executive Officer of Hanwha Chemical

——Dong Kwan Kim, Hanwha SolarOne Board Member and Managing Director, Corporate Strategy of Hanwha Corporation

——Wook-Jin Yoon, Hanwha SolarOne Board Member and Chief Operating Officer of Hanwha Group

——Peter Xie, President & Chief Executive Officer

——Gareth Kung, Chief Financial Officer

——Sungsoo Lee, Chief Strategy Officer and Board Secretary

——Bruce Ludemann, Vice President and General Manager, North America