Sky Solar Holdings, Ltd. Schedules 2016 Annual General Meeting to be Held on December 20, 2016
November 15 2016 - 4:01PM
Sky Solar Holdings, Ltd. (NASDAQ:SKYS) (“Sky Solar” or the
“Company”), a global developer, owner and operator of solar parks,
today announced that it will hold its 2016 annual general meeting
(“AGM”) on December 20, 2016 at 10 a.m. (local time) in
Shanghai, China.
Date: |
December 20,
2016 |
|
|
Time: |
10:00 a.m. local
time |
|
|
Location: |
Suite 1703, Gubei
International Financial Center |
|
1438 Hongqiao Road,
Shanghai 200336, China |
The annual general meeting will be devoted to the following
proposals:
- To elect Mr. Xinhua Yu as a Class II director of the
Company;
- To re-elect Mr. Arthur (Lap Tat) Wong as a Class II
director of the Company;
- To ratify the appointment of Deloitte Touche Tohmatsu Certified
Public Accountants LLP as auditors of the Company for the fiscal
year ending December 31, 2016;
- To authorize any duly authorized committee of the board of
directors to fix the remunerations of the auditors;
- To authorize each of the Company’s directors to take any and
all action that might be necessary to effect the foregoing
proposals 1 through 4 as such director, in his or her absolute
discretion, thinks fit;
- To receive the audited accounts of the Company for the year
ended December 31, 2015; and
- To act upon such other matters as may properly come before our
annual general meeting or any adjournment or postponement
thereof.
Only shareholders of record at the close of business on November
10, 2016 (New York time) are entitled to receive notice of and to
vote at the Company’s annual general meeting or any adjournment or
postponement thereof.
The notice of the Company’s annual general meeting and the
Company’s 2015 Annual Report containing the complete audited
financial statements and the report of auditors for the year ended
December 31, 2015, is available on the Investor Relations
Section of the Company’s website at
http://ir.skysolarholdings.com.
About Sky Solar Holdings, Ltd.
Sky Solar is a global independent power producer (“IPP”) that
develops, owns and operates solar parks and generates revenue
primarily by selling electricity. Since its inception, Sky Solar
has focused on the downstream solar market and has developed
projects in Asia, South America, Europe, North America and Africa.
The Company's broad geographic reach and established presence
across key solar markets are significant differentiators that
provide global opportunities and mitigate country-specific risks.
Sky Solar aims to establish operations in select geographies with
highly attractive solar radiation, regulatory environments, power
pricing, land availability, financial access and overall power
market trends. As a result of its focus on the downstream
photovoltaic segment, Sky Solar is technology agnostic and is able
to customize its solar parks based on local environmental and
regulatory requirements. As of June 30, 2016, the Company had
developed 276 solar parks with an aggregate capacity of 259.1 MW
and owned and operated 133.1 MW of solar parks.
Safe-Harbor Statement
This press release contains forward-looking statements. These
statements constitute “forward-looking” statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates” and similar statements.
Among other things, the quotations from management in this press
release and the Company's operations and business outlook contain
forward-looking statements. Such statements involve certain risks
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. These
risks and uncertainties include, but are not limited to the
following: the reduction, modification or elimination of government
subsidies and economic incentives; global and local risks related
to economic, regulatory, social and political uncertainties;
resources we may need to familiarize ourselves with the regulatory
regimes, business practices, governmental requirements and industry
conditions as we enter into new markets; the Company’s ability to
successfully implement its on-going strategic review to unlock
shareholder value; global liquidity and the availability of
additional funding options; the delay between making significant
upfront investments in the Company's solar parks and receiving
revenue; expansion of the Company's business into the U.S. and
China; expansion of the Company’s business into non-solar renewable
energy classes, risk associated with the Company's limited
operating history, especially with large-scale IPP solar parks;
risk associated with development or acquisition of additional
attractive IPP solar parks to grow the Company's project portfolio;
and competition. Further information regarding these and other
risks is included in Sky Solar's filings with the U.S. Securities
and Exchange Commission, including its annual report on Form 20-F.
Except as required by law, the Company does not undertake any
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise.
For investor and media inquiries, please contact:
Company:
IR@skysolarholding.com
Investor Relations:
ICR, LLC
Vera Tang
(646) 277-1215
Vera.tang@icrinc.com
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