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

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On June 23, 2021, Canadian Solar (NASDAQ: CSIQ) held its Annual Meeting of Shareholders where all proposals received approval. Key outcomes included the setting of the board of directors to nine members and the election of directors including Dr. Shawn Qu and Dr. Harry E. Ruda. Additionally, Deloitte Touche Tohmatsu was re-appointed as auditors, with authority given to directors to fix their remuneration until the next annual meeting. Established in 2001, Canadian Solar is a leading solar technology company with significant global operations in photovoltaic modules and solar energy solutions.

Positive
  • All shareholder proposals were approved at the Annual Meeting, indicating strong governance support.
  • The board of directors retained experienced members, ensuring continuity in leadership.
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.

Cision 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 at the Canadian Solar Annual Meeting held on June 23, 2021, were approved, including the election of nine directors and the re-appointment of auditors.

Who were elected as directors during Canadian Solar's 2021 Annual Meeting?

Directors elected included Dr. Shawn Qu, Dr. Harry E. Ruda, and others, for a total of nine members.

What is the significance of the proposals approved at Canadian Solar's Annual Meeting?

The approval of all proposals indicates strong shareholder support for governance and leadership continuity.

Who is the auditor for Canadian Solar as of June 2021?

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

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