We are very pleased to secure this loan and line of credit and further strengthen our financial position, particularly at a time when many businesses are being impacted by the tight credit markets, stated Xiaofeng Peng, chairman and chief executive officer of LDK Solar. We are excited that our local banks have shown their financial support for LDK Solar and the continued development of the solar industry in China. We will continue to explore the opportunity in strengthening our business presence in the Chinese solar industry.
