Sky Solar Holdings, Ltd. Announces Annual General Meeting Results
December 19 2018 - 8:30AM
Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the
“Company”), a global developer, owner and operator of solar parks,
today announced the results of its annual general meeting of
shareholders held in Shanghai on December 19, 2018.
At the meeting, the shareholders of Sky Solar approved, ratified
and/or confirmed the following resolutions:
- The re-election of Mr. Sanjay Shrestha as a Class I director of
the Company;
- The re-election of Mr. Weili Su as a Class I director of the
Company;
- The re-election of Dr. Hao Wu as a Class I director of the
Company;
- The re-election of Mr. Benjamin (Binjie) Duan as a Class III
director of the Company;
- The appointment of BDO China Shu Lun Pan Certified Public
Accountants LLP as auditors of the Company for the fiscal year
ending December 31, 2018;
- The authorization of any duly authorized committee of the board
of directors of the Company to fix the remunerations of the
auditors;
- The authorization of the chairman of the board of directors of
the Company to take any and all action that might be necessary to
effect the foregoing resolutions 1 through 6 as he, in his absolute
discretion, thinks fit.
Dr. Hao Wu, the chairman of the board of directors of Sky
Solar, commented, “We appreciate the support of all of our
shareholders. We will continue to focus on our business operations
and maximize shareholder value.”
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, and North America.
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,
2018, the Company owned and operated 203.5 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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