Canadian Solar Inc. Announces Results of 2021 Annual Meeting of Shareholders

Rhea-AI Summary

Canadian Solar Inc. (NASDAQ: CSIQ) held its Annual Meeting of Shareholders on June 23, 2021, where all submitted proposals received approval. Key outcomes included:

• Setting the number of directors to nine.
• Election of nine directors including Dr. Shawn Qu and Dr. Harry Ruda.
• Re-appointment of Deloitte Touche Tohmatsu as auditors and authorization to set their remuneration.

Canadian Solar, founded in 2001, is a leading global solar technology firm, having delivered over 55 GW of solar modules and developed 5.7 GW of solar projects globally.

Positive

• All shareholder proposals were approved, enhancing corporate governance.
• Election of a diverse and experienced board of directors.

Negative

• None.

GUELPH, Ontario, June 23, 2021 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), today announced that it held its Annual Meeting of Shareholders on June 23, 2021. Each of the proposals submitted for shareholder approval was approved. Specifically, the shareholders approved:

1. The setting of the number of directors to hold office of the Company for the ensuing year at nine (9);
2. The election of Dr. Shawn (Xiaohua) Qu, Dr. Harry E. Ruda, Mr. Andrew (Luen Cheung) Wong, Mr. Arthur (Lap Tat) Wong, Ms. Lauren C. Templeton, Mr. Karl E. Olsoni, Mr. Leslie (Li Hsien) Chang, Mr. Yan Zhuang and Dr. Huifeng Chang each as a director of the Company until the next annual meeting of shareholders of the Company or until their successors are elected or appointed;
3. The re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the auditors of the Company and the authorization of the directors of the Company to fix their remuneration until the close of the next annual meeting of shareholders of the Company.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 20 years, Canadian Solar has successfully delivered over 55 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Likewise, since entering the solar project development business in 2010, Canadian Solar has developed, built and connected over 5.7 GWp in over 20 countries across the world. Currently, the Company has around 500 MWp of projects in operation, nearly 6 GWp of projects under construction or in backlog (late-stage), and an additional 15 GWp of projects in pipeline (mid- to early- stage). Additionally, Canadian Solar has 1.2 GWh of battery storage projects under construction, and nearly 17 GWh of battery storage projects in backlog or pipeline as of March 31, 2021. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

View original content:http://www.prnewswire.com/news-releases/canadian-solar-inc-announces-results-of-2021-annual-meeting-of-shareholders-301318233.html

SOURCE Canadian Solar Inc.

FAQ

What were the results of the Canadian Solar Annual Meeting on June 23, 2021?

All proposals submitted for shareholder approval were approved, including the setting of the number of directors to nine and the election of nine directors.

Who were elected as directors at the Canadian Solar Annual Meeting?

Dr. Shawn Qu, Dr. Harry Ruda, Mr. Andrew Wong, Mr. Arthur Wong, Ms. Lauren Templeton, Mr. Karl Olson, Mr. Leslie Chang, Mr. Yan Zhuang, and Dr. Huifeng Chang were elected as directors.

Which auditing firm was re-appointed by Canadian Solar on June 23, 2021?

Deloitte Touche Tohmatsu Certified Public Accountants LLP was re-appointed as the auditors of Canadian Solar.

When was Canadian Solar founded?

Canadian Solar was founded in 2001 in Canada.

How much solar power has Canadian Solar delivered globally?

Canadian Solar has delivered over 55 GW of premium-quality solar photovoltaic modules to customers in over 150 countries.