LDK Solar Co., Ltd. - Asia Europe Clean Energy (Solar) Advisory Co ...

Stanley & Co. International plc and UBS AG, they will not, during the period ending 180 days after the date
of this prospectus, make any demand for or exercise any right with respect to the registration of any of our
ordinary shares or ADSs or any security convertible into or exercisable or exchangeable for our ordinary shares
or ADSs.
In addition, each of our shareholders, directors and executive officers and certain of our existing
optionholders have agreed and consented to the entry of stop transfer instructions with our transfer agent and
registrar against the transfer of our ordinary shares or ADSs except in compliance with the foregoing
restrictions.
The 180-day (or 12-month, in the case of LDK New Energy) lock-up period is subject to adjustment
under certain circumstances. If, during the last 17 days of the 180-day (or 12-month, in the case of LDK New
Energy) lock-up period, we issue an earnings release or material news or a material event relating to us occurs,
the lock-up will continue to apply until the expiration of the 18-day period beginning on the issuance of the
earnings release or the occurrence of the material news or material event.
In order to facilitate the offering of the ADSs, the underwriters may engage in transactions that stabilize,
maintain or otherwise affect the price of the ADSs. Specifically, the underwriters may sell more ADSs than
they are obligated to purchase under the underwriting agreement, creating a short position. A short sale is
covered if the short position is no greater than the number of ADSs available for purchase by the underwriters
under the over-allotment option. The underwriters can close out a covered short sale by exercising the overallotment
option or purchasing ADSs in the open market. In determining the source of ADSs to close out a
covered short sale, the underwriters will consider, among other things, the open market price of ADSs
compared to the price available under the over-allotment option. The underwriters may also sell shares in
excess of the over-allotment option, creating a naked short position. The underwriters must close out any
naked short position by purchasing ADSs in the open market. A naked short position is more likely to be
created if the underwriters are concerned that there may be downward pressure on the price of the ADSs in
the open market after pricing that could adversely affect investors who purchase in the offering. As an
additional means of facilitating the offering, the underwriters may bid for, and purchase, ADSs in the open
market to stabilize the price of the ADSs. The underwriting syndicate may also reclaim selling concessions
allowed to an underwriter or a dealer for distributing the ADSs in the offering, if the syndicate repurchases
previously distributed ADSs to cover syndicate short positions or to stabilize the price of the ADSs. These
activities may raise or maintain the market price of the ADSs above independent market levels or prevent or
retard a decline in the market price of the ADSs. Neither we nor any of the underwriters make any
representation or prediction as to the direction or magnitude of any effect that the transactions described
above may have on the price of the ADSs. The underwriters are not required to engage in these activities, and
may end any of these activities at any time.
From time to time, certain of the underwriters or their respective affiliates have provided, and continue to
provide, investment banking services to us, our affiliates and employees, for which they have received and
continue to receive customary fees and commission.
We, the selling shareholders and the underwriters have agreed to indemnify each other against certain
liabilities, including liabilities under the Securities Act. If we or the selling shareholders are unable to provide
this indemnification, we and the selling shareholders will contribute to payments the underwriters and their
controlling persons may be required to make in respect of those liabilities.
At our request, the underwriters have reserved for sale, at the initial public offering price, up to 5% of the
ADSs being offered in this prospectus for our directors, officers, employees, business associates and related
persons. There can be no assurance that any of the reserved ADSs will be so purchased. The number of ADSs
available for sale to the general public in this offering will be reduced to the extent that the reserved ADSs are
purchased in the directed share program. Any reserved ADSs not purchased through the directed share
program will be offered to the general public on the same basis as the other ADSs offered hereby.
The address of Morgan Stanley & Co. International plc is 25 Cabot Square, Canary Wharf, London
E14 4QA, England. The address of UBS AG is 52/F, Two International Finance Centre, 8 Finance Street,
Central, Hong Kong.
123