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                                                                    Exhibit 4.34

                                    English Translation of the Original Contract
                                                Confidential Treatment Requested



                             PRODUCT SUPPLY CONTRACT


                                                Contract Number: SFBE-070306-LDK
                                                      Place of Signing: Shanghai
                                                  Date of Signing: March 6, 2007

Party A: JIANGXI LDK SOLAR HI-TECH CO., LTD.
Party B: JIANGSU LINYANG SOLARFUN CO., LTD.

Whereas,

(1)  Party B desires to purchase from Party A the subject products for use as
     raw materials in the manufacture of its products to be supplied to third
     parties in satisfaction of Party B's obligations to third parties, and
     Party A has the ability to supply the subject products to Party B on the
     basis of quality assurance, quantity assurance and timely delivery; and

(2)  Both Party A and Party B are willing to establish a long-term contractual
     supply relationship between them.

     NOW, THEREFORE, after friendly negotiations, Party A and Party B hereby
enter into this long-term supply contract (this "Contract") on the principle of
equality and mutual benefit for Party A's supply of silicon wafers to Party B.

Article 1      Name, Quantity, Price and Delivery Schedule of the Subject
               Products.

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<Caption>
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  NAME OF SUBJECT                TECHNICAL SPECIFICATIONS                 QUANTITY        PRETAX UNIT PRICE         DELIVERY
      PRODUCT                                                                              (RMB YUAN/PIECE)         SCHEDULE
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<S>                   <C>                                               <C>              <C>                     <C>
                      1. Type: P

                      2.  Size of subject silicon wafer:
                      156x156+/-0.5mm

                      3.  Thickness of subject silicon wafers                            The price for the
                      220+/-20um                                                         subject silicon
                                                                                         wafers hereunder
                      4.  Resistivity: 0.5 ~ 3(ohm)cm                                    shall be adjusted
                                                                                         once every three
                      5.  Minority carrier lifetime: > or = 2 us                         months in line with
                                                                                         the fluctuation of
                      6.  Damage layer: < 15 um                                          the market price.
                                                                        From March 6,                            0.12 million
                      7.  Total thickness variation(TTV)                2007 to          For the one million     pieces for each
Multicrystalline      < or = 50um                                       December 30,     pieces of silicon       ten (10) days,
Silicon Wafer                                                           2007, at least   wafers supplied         and at least 1
                      8.  Vertical angle:  90 degrees+/-1 degrees       3 million        within the period       million pieces
                                                                        pieces           from April 1 2007 to    for each three
                      9.  Notch: notch of crystal orientation                            June 30, 2007, they     (3) months.
                      (length x depth) shall be no bigger than                           shall be priced at
                      1x0.3mm, and any subject silicon wafer does                        RMB[-] each.
                      not allow more than two notches or any
                      V-shaped notch on it.

                      10.  Broken edge: any subject silicon wafer
                      does not allow a broken edge (length x depth)
                      bigger than 1x1mm or more than two broken
                      edges on it.
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                                    English Translation of the Original Contract
                                                Confidential Treatment Requested


<Table>
<S>                   <C>                                               <C>
                      11.  Any subject silicon wafer does not allow
                      any conspicuous mechanical line mark on it,
                      which means that any mechanical line mark on
                      any subject silicon wafer is not acceptable
                      unless its depth is < or = 15 um.

                      12. The surface of any subject silicon wafer
                      does not allow any stain, abnormal spot,
                      visible crack or needle aperture.

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                      Total price                                       [O]
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Notes: The pre-tax unit price set forth above is an all-inclusive rate, covering
all the related costs, including the manufacturing costs, technology license
fees, transportation costs, after-sales service fees and reserves against market
risk arising from price fluctuation.
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Article 2      Quality Requirements and Technical Specifications. as set forth
               above in this Contract.


Article 3      Place and Manner of Delivery. The place of the delivery hereunder
               shall be Party B's site. The subject products shall be delivered
               to a warehouse designated by Party B. Party A shall notify Party
               B in writing of the arrival time, quantity, specifications, model
               and total number of packages of each batch of the subject
               products three (3) days prior to the shipment of such batch, so
               as to facilitate Party B's receipt of such products. Party A
               shall conduct the delivery in accordance with Party B's
               instructions for delivery.

Article 4      Manner and Cost of Transportation. The subject products hereunder
               shall be delivered to Party B by means of road transportation at
               Party A's expense.

Article 5      Packaging Standards, Category of Packaging Materials and Delivery
               Requirements. Party A shall be obligated to package the subject
               products in a manner as required for long-distance transportation
               of solar-grade multicrystalline silicon wafers so that the
               subject products can undergo multiple handling and loading and
               unloading, and long-distance transportation. The marks on both
               the internal and external packages of the subject projects shall
               be distinct enough for easy identification, storage and
               distribution.

Article 6      Standards and Method of Inspection and Period for Objection.

               6.1  Upon the delivery of each batch of the silicon wafers, Party
                    B's personnel shall, within no more than four (4) days or
                    any other period of time (either the "Inspection Period")
                    determined at the speed of 30,000 pieces of silicon wafers
                    to be inspected per day, conduct a surface inspection of
                    such batch of silicon wafers pursuant to the technical
                    specifications set forth herein. Where Party B discovers in
                    the course of such inspection that the quantity or surface
                    of such batch of the silicon wafers fails to comply with the
                    requirements set forth herein, it shall, within the first


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                                    English Translation of the Original Contract
                                                Confidential Treatment Requested


                    workday immediately after such inspection, submit to Party A
                    its objections and recommended solutions in writing,
                    including by email. Party A shall, within three (3) workdays
                    as from its receipt of the above materials for objection
                    from Party B, give a written response to Party B. Otherwise,
                    it shall be deemed that Party A has accepted Party B's
                    objection and recommended solutions.

               6.2  Where Party B in the course of its manufacturing, discovers
                    any inherent flaw in the silicon wafers supplied hereunder,
                    it shall promptly contact Party A in writing, including by
                    email. Party A shall, within three (3) days after being so
                    contacted by Party B, dispatch relevant personnel to Party
                    B's site to negotiate with Party B for a solution. Failing
                    such reaction by Party A, it shall be deemed that Party A
                    has accepted the flaw pointed out by Party B and the
                    solutions recommended by Party B. In case of any dispute
                    between the parties hereto about the quality of the subject
                    products hereunder, the testing result issued by a qualified
                    testing institution retained by Party B shall prevail. Where
                    such testing result indicates that the quality of the
                    disputed products complies with the requirements set forth
                    herein, any and all the expenses incurred in connection with
                    such testing shall be borne by Party B. Otherwise, such
                    expenses shall be borne by Party A.

Article 7      Terms of and Period for Payment. Within the first ten (10) days
               of the first month of each three-month period commencing from the
               date hereof, Party B shall prepay 80% of the total price for each
               batch of the subject products to be delivered during such
               three-month period. In consideration of such payment, for each
               batch of the subject products delivered by it, Party A shall
               issue Party B a 17% VAT invoice based on the full price of such
               batch and Party B shall pay the remaining 20% of the full price
               for such batch within five (5) workdays as of its receipt of such
               invoice.

Article 8      Deposit for Agreement for Future Supply. Within ten (10) days
               after the date hereof, Party B shall pay Party A RMB1 million as
               a deposit for securing the supply of the agreed quantity of the
               subject products over the next three-month period. The price of
               the subject products for the next three-month period shall be
               determined subject to further negotiation between the parties
               hereto.

Article 9      Confidentiality. Both parties hereto shall keep the information
               relating to any of the following items in strict confidence:

               (1)  the existence of the business relationship between the
                    parties by virtue of this Contract;
               (2)  the terms of and negotiations for this Contract;
               (3)  the subject matter and value of this Contract; or

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               (4)  any and all the business and technical information of either
                    Party A or Party B involved in the performance of this
                    Contract.

Article 10     Liabilities for Breach of Contract.

               10.1 The initial delivery hereunder shall take place on April 10,
                    2007 and each delivery thereafter shall follow the schedule
                    set forth in Article 1 above. Each scheduled delivery date
                    shall have a four-workday's grace. In the event that Party A
                    fails to deliver any subject products pursuant to the agreed
                    schedule, for each day of delay, it shall pay Party B
                    liquidated damages which shall be equal to 0.5% of the total
                    price of the undelivered products. Should the delivery of
                    any subject products be delayed for more than (10) days, it
                    shall be deemed that such products fail to be delivered, for
                    which Party A shall pay Party B liquidated damages which
                    shall be equal to 10% of the total price for such products
                    so undelivered.

               10.2 In case Party B delays in any payment hereunder, it shall
                    pay Party A liquidated damages for the delayed amount in
                    accordance with the regulations of the People's Bank of
                    China regarding delayed payment and shall compensate Party A
                    for any loss caused by such delay.

               10.3 In case any subject products delivered by Party A hereunder
                    fail to meet the agreed quality requirements, Party A shall
                    be liable for the return or replacement of such products and
                    assume the liabilities for delay in or failure of delivery
                    caused by such return or replacement pursuant to the
                    relevant terms hereof.

               10.4 In case of any breach of any provision hereof by either
                    party hereto, the other party shall have the right to
                    terminate this Contract at its sole discretion and reject
                    the breaching party's request for continued performance of
                    this Contract.

Article 11     Assignment and Subcontracting. Party A hereby represents to Party
               B that all the subject products to be delivered hereunder shall
               be manufactured by itself, initially produced, first-hand, brand
               new, in conformity with the quality and technical specifications
               set forth herein and suitable for Party B's manufacture and use.
               Unless otherwise agreed by Party B in writing, Party A may not
               assign any or all of its supply obligations hereunder, or perform
               its supply obligations by delivering any third party products.
               Otherwise, Party A shall assume liabilities for breach of
               contract as if it had failed to make the delivery.

Article 12     Any dispute in connection with the performance of this Contract
               shall be settled through negotiations between the parties hereto.
               If no settlement can be reached through such negotiations, the
               dispute shall be submitted for adjudication to the court in the
               place where this Contract is signed.

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                                    English Translation of the Original Contract
                                                Confidential Treatment Requested

Article 13     Miscellaneous. Any notice between the parties hereto in
               connection with the performance of this Contract may be delivered
               by mail, fax or email, to either Party A or Party B, as the case
               may be, at the following address:

               If to Party A:

               Address: Xinyu Economic and Technological Development Zone
                        Jiangxi Province
               Fax:     0790-6861096
               Email:   tong@ldksolar.com

               If to Party B:

               Address: 666 Linyang Road, Qidong, Jiangsu Province
               Fax:     0513-83307011
               Email:   lxhuang@solarfun.com

               In case any notice fails to be delivered to either party hereto
               at the address set forth above, such notice shall be delivered by
               being published on the media and shall be deemed to have been
               properly delivered three (3) days after such publication.

               In the course of the performance of this Contract, Party A, may
               designate any person to, on behalf of Party A, sign the
               acknowledgement of receipt of any letters from Party B and make
               decision or express opinion on any issue relating to the
               performance of this Contract.

Article 14     This Contract shall be signed in four (4) counterparts, with each
               Party A and Party B to hold two (2). This Contract shall not take
               effect until after the signature of the signatory and the company
               seal of each of Party A and Party B have been affixed hereto and
               Party B has made the initial advance payment.

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<S>                                                            <C>
Party A:  JIANGXI LDK SOLAR HI-TECH CO., LTD.                  Party B: JIANGSU LINYANG SOLARFUN CO., LTD.
(company seal)                                                 (seal for the special use for contract)
Address: Xinyu Economic and Technological Development Zone,    Address: 666 Linyang Road, Qidong, Jiangsu Province
Jiangxi Province

Legal Representative: Peng Xiaofeng (signature)                Legal Representative: Lu Yonghua (signature)
                                                               Authorized Agent:
Authorized Agent:
                                                               Tel: 0513-83115763
Tel: 0790-6862929
                                                               Bank of Deposit: Bank of China, Qidong Branch,
Bank of Deposit:                                               Business Department
Account No.:                                                   Account No.: 647032159808091001
Tax Registration No.:                                          Tax Registration No.: 320681765140726
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