GUELPH,
ON, July 14, 2023 /PRNewswire/
-- Canadian Solar Inc. (the "Company" or "Canadian Solar")
(NASDAQ: CSIQ) today announced Mr. Jianyi Zhang's retirement as the Company's Chief
Legal Officer, Chief Compliance Officer and Corporate Secretary,
effective immediately. During his seven years at Canadian Solar,
Mr. Zhang championed business integrity and led our legal team to
excellence in complex matters in Canadian Solar's markets.
Mr. Zhang has been succeeded in his roles by Mr. Kah Locke Tham as Corporate Secretary, and Mr.
Jeffrey Kalikow as Interim Chief
Compliance Officer until a successor is appointed. Mr. Tham is
currently also the Company's Global Corporate Controller, and Mr.
Kalikow is General Counsel of the Company's wholly owned
subsidiary, Recurrent Energy. The Company has initiated an
executive search process to evaluate candidates for the Chief Legal
Officer's role.
Dr. Shawn Qu, Chairman
and CEO of Canadian Solar, said, "I thank Jianyi for his
service at Canadian Solar for the past seven years. Jianyi's
contributions to the Company have been significant and meaningful
and I have deeply enjoyed working with him. We wish Jianyi all the
best following his retirement. Meanwhile, I am delighted that
Kah Locke and Jeffrey have stepped
in to support a smooth transition and look forward to their
continued contributions."
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 22 years, Canadian Solar has
successfully delivered around 94 GW of premium-quality, solar
photovoltaic modules to customers across the world. Likewise, since
entering the project development business in 2010, Canadian Solar
has developed, built and connected over 8.8 GWp in over 20
countries across the world. Currently, the Company has
approximately 609 MWp of projects in operation, 6.9 GWp of projects
under construction or in backlog (late-stage), and an additional
17.7 GWp of projects in advanced and early-stage pipeline. 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.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking
statements that involve a number of risks and uncertainties that
could cause actual results to differ materially. These statements
are made under the "Safe Harbor" provisions of
the U.S. Private Securities Litigation Reform Act of
1995. In some cases, you can identify forward-looking statements by
such terms as "believes," "expects," "anticipates," "intends,"
"estimates," the negative of these terms, or other comparable
terminology. Factors that could cause actual results to differ
include general business, regulatory and economic conditions and
the state of the solar and battery storage market and industry;
geopolitical tensions and conflicts, including impasses, sanctions
and export controls; volatility, uncertainty, delays and
disruptions related to the COVID-19 pandemic; supply chain
disruptions; governmental support for the deployment of solar
power; future available supplies of high-purity silicon; demand for
end-use products by consumers and inventory levels of such products
in the supply chain; changes in demand from significant customers;
changes in demand from major markets, such as Japan,
the U.S., China, Brazil and Europe;
changes in effective tax rates; changes in customer order patterns;
changes in product mix; changes in corporate responsibility,
especially environmental, social and governance ("ESG")
requirements; capacity utilization; level of competition; pricing
pressure and declines in or failure to timely adjust average
selling prices; delays in new product introduction; delays in
utility-scale project approval process; delays in utility-scale
project construction; delays in the completion of project sales;
continued success in technological innovations and delivery of
products with the features that customers demand; shortage in
supply of materials or capacity requirements; availability of
financing; exchange and inflation rate fluctuations; uncertainties
related to the CSI Solar carve-out listing; litigation and
other risks as described in the Company's filings with the
Securities and Exchange Commission, including its annual report on
Form 20-F filed on April 18, 2023.
Although the Company believes that the expectations reflected in
the forward-looking statements are reasonable, it cannot guarantee
future results, level of activity, performance, or achievements.
Investors should not place undue reliance on these forward-looking
statements. All information provided in this press release is as of
today's date, unless otherwise stated, and Canadian Solar
undertakes no duty to update such information, except as required
under applicable law.
Canadian Solar Inc. Contacts
Isabel Zhang
David
Pasquale
Investor Relations
Global IR Partners
Canadian Solar Inc.
csiq@globalirpartners.com
investor@canadiansolar.com
Tel: +1-914-337-8801
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SOURCE Canadian Solar Inc.