GCL-Poly Energy Holdings Limited (HKG:3800) Clarification On Mr. Zhu Gong Shan's Recent Share Transfer

Hong Kong, Oct 2, 2009 AEST (ABN Newswire) - Mr. ZHU Gong Shan, Executive Director, Chairman and CEO of GCL-Poly Energy Holdings Limited (HKG:3800), wishes to clarify that his recent transfer of 58,125,000 of GCL-Poly's shares on 24 September 2009 was pursuant to an option exercised by MS China 3 Limited (a wholly owned subsidiary of Morgan Stanley) to receive shares instead of cash consideration under a Supplemental Agreement entered on the 10th of July 2007 as disclosed in the IPO Prospectus of GCL Poly dated 31st October 2007.

This share transfer does not in any way reflect upon Mr. Zhu's outlook of GCL-Poly's business operations. Mr. Zhu remains optimistic that the renewable energy industry will bring about significant business opportunities going forward and he is confident that GCL-Poly is well-positioned to take advantage of such opportunities.

Contact

Press Enquiry: GCL-Poly Energy Holdings Limited: Mr. Zhou Jiangbo Tel: +852-3761-3120 Email: zhoujiangbo@gcl-power.com.hk Ms. Stephanie Lau Tel: +852-3761-3145 Email: stephanielau@gclsolarenergy.com Porda International (Finance) PR Group Ms. Harriet Lau Tel: (852) 3150 6761 Email: harriet.lau@pordafinance.com.hk Ms. Sharis Siu Tel: (852) 3150 6771 Email: sharis.siu@pordafinance.com.hk Ms. Ada Leung Tel: (852) 3150 6732 Email: ada.leung@pordafinance.com.hk