ReneSola Announces Notice of Annual General Meeting
ReneSola Ltd (NYSE: SOL) has announced its Annual General Meeting (AGM) scheduled for December 21, 2020, at 2:00 p.m. in Shanghai, China. Key resolutions include the approval of the consolidated financial statements for 2019, re-election of directors Wee Seng Tan and Martin Bloom, and an amendment to the 2007 Share Incentive Plan to increase share issuance from 12.5 million to 22.5 million shares. The AGM materials are available on the company's investor relations website.
- Approval of 2019 financial statements may signal transparency and governance.
- Re-election of directors indicates stability in leadership.
- Increase in share issuance provides potential for future growth and incentives.
- None.
STAMFORD, Conn., Nov. 6, 2020 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that its annual general meeting (the "AGM") will be held at the office of Kirkland & Ellis International LLP at 11th Floor, HSBC Building, Shanghai IFC, 8 Century Avenue, Pudong New District, Shanghai, China at 2:00 p.m. (Beijing time) on Monday, December 21, 2020.
Copies of the notice of the AGM, proxy form, poll card and annual report are available on ReneSola Power's investor relations website at http://ir.renesolapower.com.
AGM Resolutions
The following resolutions to be proposed at the AGM will require a simple majority of the votes cast by the shareholders present in person or by proxy:
- As a resolution of shareholders, to receive, consider and approve the consolidated financial statements of the Company for the year ended December 31, 2019, together with the reports of the auditors thereon.
- As a resolution of shareholders, to re-elect Mr. Wee Seng Tan and Mr. Martin Bloom as directors of the Company, who are retiring by rotation and offering themselves for re-election in accordance with the Company's articles of association.
- As a resolution of shareholders, to further amend 2007 Share Incentive Plan (as amended and restated as of January 21, 2009, August 20, 2010 and August 29, 2016) to increase the maximum aggregate number of shares which may be issued under the 2007 Share Incentive Plan from 12, 500,000 shares to 22,500,000 shares.
About ReneSola Power
ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company's strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.
For investor and media inquiries, please contact:
In the United States:
ReneSola Power
Mr. Adam Krop
+1 (347) 577-9055 x115
IR.USA@renesolapower.com
The Blueshirt Group
Mr. Ralph Fong
+1 (415) 489-2195
ralph@blueshirtgroup.com
In China:
ReneSola Power
ir@renesolapower.com
The Blueshirt Group Asia
Mr. Gary Dvorchak, CFA
+86 (138) 1079-1480
gary@blueshirtgroup.com
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SOURCE ReneSola Ltd.
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