Walkers (Hong Kong) Acts on Hanwha Merger

Walkers (Hong Kong) has acted as Cayman Islands counsel on the recent merger between Hanwha Q CELLS Co., Ltd. ("HQCL") and Hanwha Solar Holdings Co., Ltd. ("HSH").

HQCL, whose shares were listed on NASDAQ, one of the world's largest and most recognized photovoltaic manufacturer of high-performance, high quality solar modules, recently completed its merger with and into HSH, a wholly-owned subsidiary of Hanwha Chemical Corporation. As a result of the merger, HQCL ceases to exist and trading of its ADSs on The Nasdaq Stock Market will be suspended as soon as practicable. HSH continues as the surviving company.

Pending the approval of the Cayman companies registry, HSH will change its name to that of HQCL.

Skadden, Arps, Slate, Meagher & Flom LLP acted as the US counsel to HQCL. Cleary Gottlieb Steen & Hamilton LLP, Seoul acted as the US counsel and Walkers (Hong Kong) as the Cayman Islands counsel to HSH. Jo Lit and Tiffy Wan were the Walkers responsible attorneys.

Jo LitPartnerT +852 2596 3383jo.lit@walkersglobal.com
Tiffy WanSenior AssociateT +852 2596 3379tiffy.wan@walkersglobal.com