As filed with the Securities and Exchange Commission on April 24, 2015

Registration No. 333-            

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

FORM S-8

 

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 


 

Trina Solar Limited

(Exact Name of Registrant as Specified in Its Charter)

 


 

Cayman Islands

 

Not Applicable

(State or Other Jurisdiction of

Incorporation or Organization)

 

(IRS Employer

Identification No.)

 

No. 2 Tian He Road

Electronics Park, New District

Changzhou, Jiangsu 213031

People’s Republic of China

(Address of Principal Executive Offices and Zip Code)

 


 

Trina Solar Limited Share Incentive Plan

(Full Title of the Plan)

 


 

CT Corporation System

111 Eighth Avenue

New York, New York 10011

(Name and address of agent for service)

 

(212) 894-8940

(Telephone number, including area code, of agent for service)

 


 

Copies to:

 

David T. Zhang
Benjamin Su

Kirkland & Ellis

26th Floor, Gloucester Tower

The Landmark, 15 Queen’s Road Central

Hong Kong, China

(852) 3761-3318

 


 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

x

 

 

 

Accelerated filer

o

 

 

 

 

 

 

 

Non-accelerated filer

o

 

(Do not check if a smaller reporting company)

 

Smaller reporting company

o

 

CALCULATION OF REGISTRATION FEE

 

Title of securities to be registered

 

Amount to be
registered
(1)

 

Proposed maximum
offering price per
share
(2)

 

Proposed maximum
aggregate offering
price
(2)

 

Amount of
registration fee
(2)

 

Ordinary shares, $0.00001 par value per share(3)(4)

 

200,000,000 shares

 

$

0.2452

 

$

49,040,000

 

$

5,698.448

 

(1)

 

This Registration Statement registers 200,000,000 ordinary shares, representing additional shares of our ordinary shares that became available for issuance under the Trina Solar Limited Share Incentive Plan (the “Plan”) pursuant to an amendment to the Plan approved by our shareholders at the annual meeting of shareholders held on August 28, 2014. In accordance with Rule 416 of the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional ordinary shares which become issuable under the Plan by reason of any stock dividend, stock split, recapitalization or similar transaction effected without the receipt of consideration which results in an increase in the number of outstanding shares of our ordinary shares.

(2)

 

The proposed maximum offering price per share and the proposed maximum aggregate offering price of 200,000,000 ordinary shares available for future grants have been estimated in accordance with Rule 457(c) and Rule 457(h) under the Securities Act, solely for the purpose of calculating the registration fee, based upon the average of the high and low prices of the Registrant’s ADSs on the New York Stock Exchange at $12.26 per ADS on April 20, 2015.

(3)

 

These ordinary shares may be represented by the Registrant’s ADSs, each of which represents 50 ordinary shares. The Registrant’s ADSs issuable upon deposit of the ordinary shares registered hereby have been registered under a separate registration statement on Form F-6 (File No.333-139161), as amended.

(4)

 

Any ordinary shares covered by an award granted under the Plan (or portion of an award) which is forfeited, canceled or expired (whether voluntarily or involuntarily) shall be deemed not to have been issued for purposes of determining the maximum aggregate number of ordinary shares which may be issued under the Plan. Ordinary shares that actually have been issued under the Plan pursuant to an award shall not be returned to the Plan and shall not become available for future issuance under the Plan, except that if unvested ordinary shares are forfeited or repurchased by the Company at their original issue price, such ordinary shares shall become available for future grant under the Plan.

 

 

 



 

EXPLANATORY NOTE

 

This Registration Statement on Form S-8 registers the offer and sale of an additional 200,000,000 ordinary shares of Trina Solar Limited for issuance under Trina Solar Limited Share Incentive Plan. In accordance with Instruction E to Form S-8, the contents of the prior Registration Statement (File Nos. 333-144445, 333-157831 and 333-187685) are hereby incorporated by reference.

 

Item 3.         Incorporation of Documents by Reference.

 

The following documents filed by Trina Solar Limited (the “Registrant”) with the Commission are incorporated by reference herein:

 

(a)                                 The Registrant’s annual report on Form 20-F for the fiscal year ended December 31, 2014, filed with the Securities and Exchange Commission (the “Commission”) on April 24, 2015;

 

(b)                                 The Registrant’s Reports of Foreign Private Issuer on Form 6-K filed with the Commission on January 21, 2015, January 23, 2015 and March 5, 2015; and

 

(c)                                  The description of ordinary shares contained in the Registrant’s registration statement on Form 8-A (File No. 001-33195) filed with the Commission on December 7, 2006, including any amendment and report subsequently filed for the purpose of updating that description.

 

All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), subsequent to the effective date of this Registration Statement, prior to the filing of a post-effective amendment to this Registration Statement indicating that all securities offered hereby have been sold or deregistering all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof from the date of filing of such documents. Any statement contained herein or in any document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed to constitute a part of this Registration Statement, except as so modified or superseded.

 

Item 8.         Exhibits.

 

See Exhibit Index.

 

1



 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Changzhou, Jiangsu Province, People’s Republic of China, on April 24, 2015.

 

 

TRINA SOLAR LIMITED

 

 

 

 

By:

/s/ Jifan Gao

 

Name:

Jifan Gao

 

Title:

Chairman and Chief Executive Officer

 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints, severally and not jointly, Jifan Gao and Teresa Tan, with full power to act alone, as his or her true and lawful attorney-in-fact, with the power of substitution, for and in such person’s name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto each said attorney-in-fact full power and authority to do and perform each and every act and thing requisite and necessary to be done as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that each said attorney-in-fact may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

 

Signature

 

Title

 

Date

 

 

 

 

 

/s/ Jifan Gao

 

Chairman and Chief Executive Officer

 

April 24, 2015

Name: Jifan Gao

 

(principal executive officer)

 

 

 

 

 

 

 

/s/ Teresa Tan

 

Chief Financial Officer

 

April 24, 2015

Name: Teresa Tan

 

(principal financial and accounting officer)

 

 

 

 

 

 

 

/s/ Zhiguo Zhu

 

Director

 

April 24, 2015

Name: Zhiguo Zhu

 

 

 

 

 

 

 

 

 

/s/ Liping Qiu

 

Independent Director

 

April 24, 2015

Name: Liping Qiu

 

 

 

 

 

 

 

 

 

/s/ Jerome Corcoran

 

Independent Director

 

April 24, 2015

Name: Jerome Corcoran

 

 

 

 

 

 

 

 

 

/s/ Qian Zhao

 

Independent Director

 

April 24, 2015

Name: Qian Zhao

 

 

 

 

 

 

 

 

 

/s/ Yeung Kwok On

 

Independent Director

 

April 24, 2015

Name: Yeung Kwok On

 

 

 

 

 

 

 

 

 

/s/ Henry Wai Kwan Chow

 

Independent Director

 

April 24, 2015

Name: Henry Wai Kwan Chow

 

 

 

 

 

 

 

 

 

/s/ Sean Shao

 

Independent Director

 

April 24, 2015

Name: Sean Shao

 

 

 

 

 

 

 

 

 

/s/ Donald J. Puglisi

 

Authorized U.S. Representative

 

April 24, 2015

Name: Donald J. Puglisi

 

 

 

 

Title: Managing Director, Puglisi & Associates

 

 

 

 

 

[Signature Page to Form S-8]

 

2



 

TRINA SOLAR LIMITED

 

EXHIBIT INDEX

 

Exhibit
Number

 

Description

 

 

 

4.1

 

Amended and Restated Deposit Agreement among the Registrant, the Depositary and Owners and Beneficial Owners of the American Depositary Shares dated as of November 21, 2008 (incorporated by reference to Exhibit 1 to the Registrant’s Post-effective Amendment to Registration Statement on Form F-6 (File No. 333-139161) filed with the Securities and Exchange Commission on November 21, 2008)

 

 

 

5.1*

 

Opinion of Conyers Dill & Pearman

 

 

 

10.1

 

Trina Solar Limited Share Incentive Plan (incorporated by reference to Exhibit 4.1 to the Registrant’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 24, 2015)

 

 

 

23.1*

 

Consent of KPMG, Independent Registered Public Accounting Firm

 

 

 

23.2*

 

Consent of Conyers Dill & Pearman (included in Exhibit 5.1)

 

 

 

24.1*

 

Power of Attorney (included on signature page hereto)

 


*              Filed herewith.

 

3




Exhibit 5.1

 

[CONYERS DILL & PEARMAN LETTERHEAD]

 

24 April, 2015

 

Trina Solar Limited
No. 2 Tian He Road
Electronics Park
New District
Changzhou
Jiangsu 213031
People’s Republic of China

 

Matter No.: 820058

Doc Ref: 101477185

852 2842 9556 / 2842 9554

Christopher.Bickley@conyersdill.com

Charissa.Ball@conyersdill.com

 

Dear Sirs

 

Re: Trina Solar Limited (the “Company”)

 

We have acted as special legal counsel of the Cayman Islands to the Company in connection with a registration statement on form S-8 to be filed with the Securities and Exchange Commission (the “Commission”) by the Company (the “Registration Statement,” which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto) relating to the registration under the United States Securities Act of 1933, as amended, (the “Securities Act”) of an amount of  200,000,000 ordinary shares, par value US$0.00001 per share (the “Shares”), issuable pursuant to the Trina Solar Limited Share Incentive Plan (the “Plan”, which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto).

 

For the purposes of giving this opinion, we have examined copies of the Registration Statement and the Plan. We have also reviewed copies of the memorandum of association and the articles of association of the Company, each certified by the Secretary of the Company, copies of the written resolutions of all members of the Company dated 24 July, 2006, minutes of a meeting of the members of the Company dated 6 August 2010, minutes of the annual general meetings of the members of the Company dated 27 June, 2007, 29 August, 2008, 6 August, 2010 and 28 August, 2014 respectively, written resolutions of directors of the Company dated 24 July, 2006, 28 March 2013 and 14 November, 2014 (together, the “Minutes”), a certificate of good standing in respect of the Company issued by the Registrar of Companies in the Cayman Islands dated 10 April, 2015 (the “Certificate Date”) and such other documents and made such enquires as to questions of law as we have deemed necessary in order to render the opinion set forth below.

 

We have assumed (a) the genuineness and authenticity of all signatures and the conformity to the originals of all copies (whether or not certified) of all documents examined by us and the authenticity and completeness of the originals from which such copies were taken, (b) that where a document has been examined by us in draft form, it will be or has been executed and/or filed in the form of that draft, and where a number of drafts of a document have been examined by us all changes thereto have been marked or otherwise drawn to our attention, (c) the accuracy and completeness of all factual representations made in the Registration Statement, the Plan and other documents reviewed by us, (d) that the resolutions contained in the Minutes were passed at one or more duly convened, constituted and quorate meetings, or by unanimous written resolutions, remain in full force and effect and have not been rescinded or amended, (e) that there is no provision of the law of any jurisdiction, other than the Cayman Islands, which would have any implication in relation to the opinions expressed herein, (f) that there is no provision of any award agreement which would have any implication in relation to the opinions expressed herein; (g) that, upon the issue of any Shares,

 



 

the Company will receive consideration for the full issue price thereof which shall be equal to at least the par value thereof, (h) that on the date of issuance of any of the Shares the Company will have sufficient authorised but unissued common shares, and (i) that on the date of issuance of any award under the Plan, the Company will be able to pay its liabilities as they become due.

 

We express no opinion with respect to the issuance of Shares pursuant to any provision of the Plan that purports to obligate the Company to issue Shares following the commencement of a winding up or liquidation. We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than the Cayman Islands. This opinion is to be governed by and construed in accordance with the laws of the Cayman Islands and is limited to and is given on the basis of the current law and practice in the Cayman Islands. This opinion is issued solely for the purposes of the filing of the Registration Statement and the issuance of the Shares by the Company pursuant to the Plan and is not to be relied upon in respect of any other matter.

 

On the basis of, and subject to, the foregoing, we are of the opinion that:

 

1.                                      Based on the Certificate of Good Standing, the Company is duly incorporated and existing under the laws of the Cayman Islands and in good standing as at the Certificate Date.  Pursuant to the Companies Law (the “Law”), a company is deemed to be in good standing if all fees and penalties under the Law have been paid and the Registrar of Companies has no knowledge that the Company is in default under the Law.

 

2.                                      When issued and paid for in accordance with the terms of the Plan, the Shares will be validly issued, fully paid and non-assessable (which term means when used herein that no further sums are required to be paid by the holders thereof in connection with the issue of such shares).

 

We consent to the filing of this opinion as an exhibit to the Registration Statement and further consent to all references to us in the Registration Statement. In giving such consent, we do not hereby admit that we are experts within the meaning of Section 11 of the Securities Act or that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission promulgated thereunder.

 

 

Yours faithfully,

 

 

 

/s/ Conyers Dill & Pearman

 

 

 

Conyers Dill & Pearman

 

 




Exhibit 23.1

 

Consent of Independent Registered Public Accounting Firm

 

The Board of Directors

Trina Solar Limited:

 

We consent to the use of our reports with respect to the consolidated financial statements and the related financial statement schedule, and the effectiveness of internal control over financial reporting incorporated by reference herein.

 

/s/ KPMG

 

Hong Kong, China
April 24, 2015

 


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