CUSIP No. 83415U108 13G Page 7 of 9 Pages
This Amendment No. 1 (this "Amendment") amends the statement on Schedule 13G
filed on February 8, 2008 (the "Original Schedule 13G" and the Original Schedule
13G as amended, the "Schedule 13G") with respect to shares of common stock, par
value $0.0001 per share (the "Common Stock") of Solarfun Power Holdings Co.,
Ltd., a Cayman Islands corporation (the "Company"). Capitalized terms used
herein and not otherwise defined in this Amendment have the meanings set forth
in the Schedule 13G. This Amendment amends and restates Items 4 and 5 in their
entirety as set forth below.
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
As of the date of this filing, (i) Highbridge International LLC
beneficially owns 1,606,940 Ordinary Shares and $45,700,000 aggregate principal
amount of Convertible Senior Notes due January 15, 2018 (the "Notes")
convertible into 2,389,543 ADSs, which represent 11,947,715 Ordinary Shares,
(ii) Highbridge Convertible Arbitrage Master Fund, L.P no longer beneficially
owns any Ordinary Shares and (iii) each of Highbridge Capital Management, LLC,
Glenn Dubin and Henry Swieca may be deemed the beneficial owner of the 1,606,940
Ordinary Shares beneficially owned by Highbridge International LLC and the
$45,700,000 aggregate principal amount of the Notes convertible into 2,389,543
ADSs, which represent 11,947,716 Ordinary Shares beneficially owned by
Highbridge International LLC. The Ordinary Shares held by the Reporting Persons
are held in the form of ADS. Each ADS represents 5 Ordinary Shares.
Highbridge Capital Management, LLC is the trading manager of Highbridge
International LLC and Highbridge Convertible Arbitrage Master Fund, L.P. Glenn
Dubin is the Chief Executive Officer of Highbridge Capital Management, LLC.
Henry Swieca is the Chief Investment Officer of Highbridge Capital Management,
LLC. The foregoing should not be construed in and of itself as an admission by
any Reporting Person as to beneficial ownership of Ordinary Shares owned by
another Reporting Person. In addition, each of Highbridge Capital Management,
LLC, Glenn Dubin and Henry Swieca disclaims beneficial ownership of Ordinary
Shares owned by Highbridge International LLC.
(b) Percent of class:
The Company's prospectus filed pursuant to Rule 424(b)(2) on August 13,
2008 (the "Prospectus"), indicates that after the completion of the offering
contemplated by the Prospectus, as of March 31, 2008 there are 269,060,209
Ordinary Shares outstanding. Therefore as of the date of this filing, based on
the Company's outstanding Ordinary Shares, (i) Highbridge International LLC
beneficially owns 4.82% of the outstanding Ordinary Shares of the Company, (ii)
Highbridge Convertible Arbitrage Master Fund, L.P. no longer beneficially owns
any Ordinary Shares of the Company, and (iii) each of Highbridge Capital
Management, LLC, Glenn Dubin and Henry Swieca may be deemed to beneficially own
4.82% of the outstanding Ordinary Shares of the Company. The foregoing should
not be construed in and of itself as an admission by any
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