18th October 2010

3Q’2010 Business Performance

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Content

Solar Business Performance

Power Business Performance

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Solar Business-Key Operating Data

51.7

3,405

25.4

892

63.4

38.7

Q3 2010Q2 2009

1,686

61.9

39.8

Q3 2009

2,072

54.7

36.4

Q4 2009

2,584

31

50.0

35.0

Q1 2010

2,810

198

50.0

31.5

Q2 2010

Wafer Sales (MW)

Polysilicon Sales (MT)

Polysilicon ASP (US$/kg)

Polysilicon production

cost(US$/kg)

0.74 0.80Wafer ASP (US$/W)

0.63 0.57Wafer production cost

(US$/W)

435

0.80

0.58

4

Continued Ramp Up of Polysilicon

Production Volume

4

MT

Polysilicon Production

Proven Capability to Reduce Polysilicon

Production Cost

Note

Translated into $ at the average exchange rate for the period

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Polysilicon Production Cost

per kg

$48.5

% of TCS Produced In-house

$38.7

$39.8

$35.0$36.4

$31.5

$25.4

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Polysilicon Production Process Enhancement

Technical

Improvement

Initiatives

• Increased annual hydrochlorination capacity from 300,000

MT to 500,000 MT

• Deposition process improvement

• Upgrading of distillation technologies

Results

• Cost of producing TCS in-house significantly lower than

purchasing from third party suppliers

• High-quality N-type resistivity of 200~500 Ω*cm and

continuously improving

• Started producing electronic grade polysilicon in 1Q’2010

(average 11’Ns)

• Energy consumption rate at industry leading levels

• Monthly production volume more than 1,700 MT

• Production cost down from US$48.5/kg in 1Q’2009 to

US$25.4/kg in 3Q’2010

• Average conversion efficiency of 17% using in-house

polysilicon

Wafer Expansion Progressing On-Schedule

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Production

Capacity of

Four Wafer Plants

Wuxi Konka 1020 MW

GCL Xuzhou 650 MW

GCL Suzhou 300 MW

GCL Changzhou 300 MW

Production

Capacity

and Strategy

Fast ramp-up capabilities: started production in

1Q’2010 and target 3.5GW of production capacity by

end of 2010

Seamless integration with customers’ supply chain is

a unique business model: co-location strategy at key

clients’ sites well on track and can satisfy customers’

requirements

Continues quality and cost improvement initiatives

For the period ended 30th September 2010

Target Wafer Capacity by End of 2010

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Target Wafer Capacity by End of 2010

3,200

300

650

600

1,650

600

0 500 1,000 1,500 2,000 2,500 3,000

Xuzhou

Changzhou

Wuxi

Suzhou

Slicing Ingot

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Competitive Advantages from Co-Location Strategy

Co-location strategy involves

manufacturing close to key

customers’ manufacturing sites

• Strategic partnership with

leading cell and module

manufacturers to further

capture market share

• Instant customer feedback

on quality

• Provide quality assurance

to customers

• Minimize breakage rate

• Minimize transportation and

packaging costs

• Customer inventory

reduction

represents GCL-Poly’s wafer facilities

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Technology + Quality

Technology

Use most up-to-date equipment from leadingequipment suppliers to lower production cycletime from 60 hours to 48 hours

Expand crucible volume to increase output

Increase R&D investment in slicing wire, crucibleand slurry recovery technologies to enhanceproduction efficiency

Quality Average conversion efficiency over 17% (Multi)

Our Competitive Edges Leading to Market Dominance

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Build up mutual trust

and confidence

with customers

Symbiotic partnership with

downstream customers to

winning bigger share of the

growing solar market

Division of labor in

manufacturing between

GCL-Poly and

downstream customers

− The largest solar raw materials supplier in the world

− Co-location strategies leading to seamless integration with downstream customers’ supply chain

− Strong R&D team and technical innovation capabilities

− High quality products

− Able to ramp up capacity rapidly and effectively

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Key Financial Results of the Power Business

3,580,159

5,090,342

11.7%

First Three Quarters Ended

30th September 2010

Power Sales (MWh)

Steam Sales (MT)

Gross Margin

3,929,057

4,030,895

15.9%

First Three Quarters Ended

30th September 2009

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THANK YOU!