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TOYO Co., Ltd Announces Appointment of Liang "Simon" Shi as President

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TOYO Co., (Nasdaq: TOYO), a solar solution company, has announced the appointment of Liang "Simon" Shi as President. Shi, with his expertise in strategic investments in renewable energy, will divide his time between the U.S., Vietnam, and other regions where TOYO operates. Chairman and CEO Junsei Ryu praised Shi's contributions to shaping TOYO's corporate strategy and his financial and business development skills.

Shi expressed enthusiasm for leading TOYO's next development phase, highlighting the company's strong reputation for manufacturing excellence through its subsidiary, Vietnam Sunergy Cell Company He aims to enhance investor communications, refine business strategy, and position TOYO as an industry leader. Shi's background includes roles as CEO and Chairman of Blue World Acquisition , Partner at Ningbo Zenin Investments Management Partners LP, and regional President at Barron Partners Fund.

TOYO Co., (Nasdaq: TOYO), un'azienda di soluzioni solari, ha annunciato la nomina di Liang "Simon" Shi come Presidente. Shi, con la sua esperienza in investimenti strategici nelle energie rinnovabili, suddividerà il suo tempo tra gli Stati Uniti, il Vietnam e altre regioni dove TOYO è attiva. Il Presidente e CEO Junsei Ryu ha elogiato i contributi di Shi nella definizione della strategia aziendale di TOYO e le sue competenze nello sviluppo finanziario e commerciale.

Shi ha espresso entusiasmo per guidare la prossima fase di sviluppo di TOYO, sottolineando la forte reputazione dell'azienda per l'eccellenza produttiva attraverso la sua controllata, Vietnam Sunergy Cell Company. Si propone di migliorare la comunicazione con gli investitori, affinare la strategia commerciale e posizionare TOYO come leader del settore. Il background di Shi include ruoli come CEO e Presidente di Blue World Acquisition, Partner presso Ningbo Zenin Investments Management Partners LP e Presidente regionale di Barron Partners Fund.

TOYO Co., (Nasdaq: TOYO), una empresa de soluciones solares, ha anunciado el nombramiento de Liang "Simon" Shi como Presidente. Shi, con su experiencia en inversiones estratégicas en energías renovables, dividirá su tiempo entre EE. UU., Vietnam y otras regiones donde TOYO opera. El Presidente y CEO Junsei Ryu elogió las contribuciones de Shi para dar forma a la estrategia corporativa de TOYO y sus habilidades en desarrollo financiero y empresarial.

Shi expresó su entusiasmo por liderar la próxima fase de desarrollo de TOYO, destacando la sólida reputación de la empresa en excelencia de fabricación a través de su filial, Vietnam Sunergy Cell Company. Su objetivo es mejorar la comunicación con los inversores, refinar la estrategia empresarial y posicionar a TOYO como líder en la industria. La trayectoria de Shi incluye cargos como CEO y Presidente de Blue World Acquisition, socio en Ningbo Zenin Investments Management Partners LP y Presidente regional de Barron Partners Fund.

TOYO Co., (Nasdaq: TOYO), 태양광 솔루션 회사는 Liang "Simon" Shi를 회장으로 임명했다고 발표했습니다. Shi는 재생 에너지의 전략적 투자에 대한 전문성을 바탕으로 미국, 베트남 및 TOYO가 운영되는 기타 지역에서 시간을 나누어 보낼 예정입니다. 회장 겸 CEO인 Junsei Ryu는 Shi의 TOYO의 기업 전략을 형성하는 데 기여한 점과 그의 재무 및 비즈니스 개발 기술을 높이 평가했습니다.

Shi는 TOYO의 다음 개발 단계의 지도에 대한 열정을 표현하며, 자회사인 Vietnam Sunergy Cell Company를 통해 제조 우수성에 대한 회사의 강력한 명성을 강조했습니다. 그는 투자자와의 소통을 강화하고, 비즈니스 전략을 다듬으며, TOYO를 산업 리더로 자리잡기 위한 목표를 가지고 있습니다. Shi의 경력에는 Blue World Acquisition의 CEO 및 회장, Ningbo Zenin Investments Management Partners LP의 파트너, Barron Partners Fund의 지역 회장이 포함됩니다.

TOYO Co., (Nasdaq: TOYO), une entreprise de solutions solaires, a annoncé la nomination de Liang "Simon" Shi au poste de Président. Shi, avec son expertise en investissements stratégiques dans les énergies renouvelables, partagera son temps entre les États-Unis, le Vietnam et d'autres régions où TOYO opère. Le Président et CEO Junsei Ryu a salué les contributions de Shi dans la formulation de la stratégie d'entreprise de TOYO et ses compétences en développement financier et commercial.

Shi a exprimé son enthousiasme à l'idée de diriger la prochaine phase de développement de TOYO, mettant en avant la forte réputation de l'entreprise en matière d'excellence manufacturière à travers sa filiale, Vietnam Sunergy Cell Company. Il vise à améliorer la communication avec les investisseurs, à affiner la stratégie commerciale et à positionner TOYO comme un leader industriel. Le parcours de Shi inclut des rôles en tant que CEO et Président de Blue World Acquisition, partenaire chez Ningbo Zenin Investments Management Partners LP, et Président régional chez Barron Partners Fund.

TOYO Co., (Nasdaq: TOYO), ein Solarunternehmen, hat die Ernennung von Liang "Simon" Shi zum Präsidenten bekannt gegeben. Shi wird mit seiner Expertise in strategischen Investitionen in erneuerbare Energien seine Zeit zwischen den USA, Vietnam und anderen Regionen, in denen TOYO tätig ist, aufteilen. Vorsitzender und CEO Junsei Ryu lobte Shis Beiträge zur Gestaltung der Unternehmensstrategie von TOYO sowie seine Fähigkeiten in der finanziellen und geschäftlichen Entwicklung.

Shi äußerte Begeisterung für die Leitung der nächsten Entwicklungsphase von TOYO und hob den starken Ruf des Unternehmens für Fertigungsexzellenz durch seine Tochtergesellschaft, die Vietnam Sunergy Cell Company, hervor. Er hat das Ziel, die Kommunikation mit Investoren zu verbessern, die Geschäftsstrategie zu verfeinern und TOYO als Branchenführer zu positionieren. Shis Hintergrund umfasst Rollen als CEO und Vorsitzender von Blue World Acquisition, Partner bei Ningbo Zenin Investments Management Partners LP und regionaler Präsident von Barron Partners Fund.

Positive
  • Appointment of Liang "Simon" Shi as President, bringing expertise in strategic investments and renewable energy
  • Shi's experience in financial strategy and business development expected to advance company mission
  • Plans to enhance investor communications and refine business strategy
  • Strong manufacturing reputation through subsidiary Vietnam Sunergy Cell Company
Negative
  • None.

TOKYO, Oct. 10, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced Liang "Simon" Shi's appointment as the President.

With a deep understanding of strategic investments in the renewable energy sector, Liang "Simon" Shi is poised to steer TOYO toward continued growth and industry leadership. He will divide his time between the U.S., Vietnam, and other regions where TOYO has operations and customers.

TOYO's Chairman and CEO, Junsei Ryu, commented: "We have been immensely impressed by Simon's energy and passion for TOYO's business during the process of going public. He has made valuable contributions to shaping our corporate strategy as we continue to position TOYO as a technology and quality leader as we build out our manufacturing footprint in the United States. Simon's financial strategy and business development proficiency will be invaluable in advancing the Company's mission and communicating with our shareholders."

"I am thrilled to lead TOYO into its next development phase. I have been involved with Vietnam Sunergy Cell Company Limited, a Vietnamese company and wholly owned subsidiary of TOYO ("TOYO Solar") since its inception and continue to be impressed with the reputation it has developed for manufacturing excellence. TOYO already has a world-class team that spans operations, technology, and sales and is backed by a strong corporate parent," commented Liang "Simon" Shi.

"I am excited to collaborate with the team to elevate our investor communications, refine our business strategy, and successfully implement our long-term objectives. Together, we aim to position our company as a leader in the industry. With this incredible team, we will impress the market with our technological innovation and execution capabilities."   

Before joining TOYO Solar, Liang "Simon" Shi served as Chief Executive Officer and Chairman of Blue World Acquisition Corporation, the special purpose acquisition company that merged with TOYO Solar. Since January 2017, Mr. Shi has served as a Partner at Ningbo Zenin Investments Management Partners LP, an investment fund focusing on growth capital investments in emerging sectors in Asia. From March 2007 to December 2016, Mr. Shi served as the regional President at Barron Partners Fund, where he managed the fund's investment portfolio in Asia and completed over 50 investments for the fund. From February 2006 to February 2007, Mr. Shi was a senior consultant at IBM Global Services (formerly PWC Consulting).

About TOYO Co., Ltd.

TOYO is a solar solutions company that is committed to becoming a full-service solar solutions provider in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include but are not limited to, statements regarding the expected growth of TOYO, the expected order delivery of TOYO, TOYO's construction plan of manufacturing plants, and strategies for building up an integrated value chain in the U.S. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of TOYO's management and are not predictions of actual performance.

These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although TOYO believes that it has a reasonable basis for each forward-looking statement contained in this press release, TOYO caution you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the documents filed by TOYO from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

TOYO cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to several risks and uncertainties, including, among others, the outcome of any potential litigation, government or regulatory proceedings, the sales performance of TOYO, and other risks and uncertainties, including but not limited to those included under the heading "Risk Factors" of the filings of TOYO with the SEC. There may be additional risks that TOYO does not presently know or that TOYO currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of TOYO as of the date of this press release. Subsequent events and developments may cause those views to change. However, while TOYO may update these forward-looking statements in the future, there is no current intention to do so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements to represent the views of TOYO as of any date subsequent to the date of this press release. Except as may be required by law, TOYO does not undertake any duty to update these forward-looking statements.

Contact Information:

For TOYO Co., Ltd.
IR@toyo-solar.com 

Crocker Coulson
Email: crocker.coulson@aummedia.org
Tel: (646) 652-7185

Cision View original content:https://www.prnewswire.com/news-releases/toyo-co-ltd-announces-appointment-of-liang-simon-shi-as-president-302272754.html

SOURCE TOYO Co., Ltd

FAQ

Who is the new President of TOYO Co., (Nasdaq: TOYO)?

Liang "Simon" Shi has been appointed as the new President of TOYO Co., (Nasdaq: TOYO).

What is Liang "Simon" Shi's background before joining TOYO?

Before joining TOYO, Liang "Simon" Shi served as CEO and Chairman of Blue World Acquisition , Partner at Ningbo Zenin Investments Management Partners LP, and regional President at Barron Partners Fund.

What are Liang "Simon" Shi's main objectives as the new President of TOYO (Nasdaq: TOYO)?

Shi's main objectives include elevating investor communications, refining business strategy, implementing long-term objectives, and positioning TOYO as an industry leader in technological innovation and execution capabilities.

How will Liang "Simon" Shi divide his time as President of TOYO (Nasdaq: TOYO)?

Liang "Simon" Shi will divide his time between the U.S., Vietnam, and other regions where TOYO has operations and customers.

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