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NYSE Welcomes Trina Solar Limited, Second Solar Energy Company To List On NYSE Trina Solar brings NYSE roster of listed companies from Greater China to 33
NEW YORK  , Dec. 20, 2006 – Executives and guests of China’s Trina Solar Limited today rang the NYSE Opening Bell to celebrate the initial public offering of its American Depositary Shares (ADSs) on the New York Stock Exchange. Trina Solar Limited, an integrated solar power products manufacturer from China , began trading on the NYSE under the ticker symbol “TSL” after its successful IPO on the Exchange on Dec. 19.

“We extend a warm welcome to Trina Solar as it joins our growing family of entrepreneurial companies from China ,” said NYSE President & Co-COO Catherine R. Kinney. “We look forward to an outstanding and long-term partnership with Trina Solar, and to providing the company an excellent listing and trading venue and to also enhance its brand visibility with global investors.”

The initial public offering by Trina Solar followed several recent successes by Chinese private companies on the NYSE. In 2005, the NYSE listed Suntech Power Holdings Ltd. (NYSE: STP), the largest entrepreneurial company from China to list in the U.S., followed this year by China New Oriental (NYSE: EDU), Mindray Medical (NYSE: MR), and, earlier this week, American Oriental Bioengineering, Inc. (NYSE: AOB), a Chinese producer, marketer & distributor of plant-based pharmaceutical and nutraceutical products, which transferred from the American Stock Exchange on Monday, Dec. 18.

The listing by Trina Solar brings the total number of NYSE-listed companies from greater China to 33, representing a total global market capitalization of $849 billion. Trina Solar, which sells its products to customers worldwide, including in Europe , is the second solar energy company from China to list on NYSE, following Suntech Power Holdings Co.

All Chinese entrepreneurial companies that conducted their IPO on the NYSE have been extremely well received by investors.

Background on Trina Solar Limited

Trina Solar Limited, through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd ("Trina China"), is an integrated solar power products manufacturer based in China . The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business, followed in late 2004 by its solar module business. The company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide.  The company sells its products to customers worldwide, including a number of European countries, such as Germany , Spain and Italy , where government incentives have accelerated the adoption of solar power.

About NYSE Group, Inc.

NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange LLC (the “NYSE”) and NYSE Arca, Inc. (formerly known as the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In the third quarter of 2006, on an average trading day, 2.2 billion shares, valued at $80.1 billion, were traded on the exchanges of the NYSE Group.

The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities.  On September 30, 2006 , the operating companies listed on the NYSE represented a total global market capitalization of $23.0 trillion.

NYSE Arca, Inc. operates the former ArcaEx®, the first open, all-electronic stock exchange in the United States , which has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options.  NYSE Arca, Inc.’s trading platforms provide customers with fast electronic execution and open, direct and anonymous market access.

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Cautionary Note Regarding Forward-Looking Statements

Certain statements in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on NYSE Group’s current expectations and involve risks and uncertainties that could cause NYSE Group’s actual results to differ materially from those set forth in the statements. There can be no assurance that such expectations will prove to be correct. Actual results may differ materially from those expressed or implied in the forward-looking statements. Factors that could cause NYSE Group’s results to differ materially from current expectations include, but are not limited to:  NYSE Group’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Group’s Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Group that the projections will prove to be correct. NYSE Group undertakes no obligation to release any revisions to any forward-looking statements.

 

 



Contact: Christiaan Brakman
Phone: 212.656.2094
Email:  cbrakman@nyse.com