Sky Solar Holdings, Ltd. Schedules 2017 Annual General Meeting to be Held on December 29, 2017
November 28 2017 - 4:15PM
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 2017 annual general meeting
(“AGM”) on December 29, 2017 at 10 a.m. (local time) in Shanghai,
China.
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December 29, 2017 |
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Time: |
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10:00 a.m. local
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Location: |
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Suite 1703, Gubei
International Financial Center |
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1438 Hongqiao Road,
Shanghai 200336, China |
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The annual general meeting will be devoted to the following
proposals:
- To re-elect Mr. Naiwei Chen as a Class II director of the
Company;
- To re-elect Mr. Qiang Zhan as a Class II director of the
Company;
- To re-elect Mr. Xiaoguang Duan as a Class III director of the
Company;
- To re-elect Mr. Xuelong Pei as a Class III director of the
Company;
- To ratify the appointment of BDO China Shu Lun Pan Certified
Public Accountants LLP as auditors of the Company for the fiscal
year ending December 31, 2017;
- To authorize any duly authorized committee of the board of
directors to fix the remunerations of the auditors;
- To approve, ratify and confirm the increase of the maximum
aggregate number of shares which may be issued pursuant to all
awards under the 2014 Equity Incentive Plan of the Company by
80,000,000 ordinary shares to 90,000,000 ordinary shares (the “2017
ESOP Increase”);
- To authorize the chairman of the board of directors of the
Company to take any and all action that might be necessary to
effect the foregoing proposals 1 through 7 as he, in his absolute
discretion, thinks fit;
- To receive the audited accounts of the Company for the year
ended December 31, 2016; 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
22, 2017 (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 2016 Annual Report containing the complete audited
financial statements and the report of auditors for the year ended
December 31, 2016, 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,
2017, the Company owned and operated 136.8 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; our ability to
successfully implement our 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 in the U.S. and into
China; 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:
Sky Solar:IR@skysolarholdings.com
SKYS Investor Relations:
The Blueshirt Group
US or MandarinRalph Fong+1 (415)
489-2195ralph@blueshirtgroup.com
ChinaGary Dvorchak, CFA+86 (138)
1079-1480gary@blueshirtgroup.com
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