Hanwha Q CELLS Announces Receipt of Preliminary Non-binding “Going Private” Proposal

Hanwha Q CELLS has announced that its board of directors has received a preliminary non-binding proposal letter, dated August 2, 2018, from Hanwha Solar Holdings Co., Ltd. (“HSH”). HSH is a subsidiary of Hanwha Chemical Corporation incorporated in the Republic of Korea has proposed to acquire all of the outstanding shares of the Company not already owned by HSH in a “going private” transaction for a cash consideration of US$9.00 per American Depositary Share or US$0.18 per ordinary share.

A copy of the Proposal Letter is attached hereto as Exhibit A.

The Board intends to form a special committee consisting of independent directors to consider this proposal.

Hanwha Q CELLS cautions its shareholders and others considering trading in its securities that the Board just received the Proposal Letter and has not made any decisions with respect thereto.

There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.

The Company does not undertake any obligation to provide any updates with respect to the Proposed Transaction or any other transaction except as required by applicable law.