• 
  Changes in Chairs and Members of All Committees
  

STAMFORD, Conn.


,


Nov. 22, 2022


/PRNewswire/ — ReneSola Ltd (“ReneSola Power” or the “Company”) (

www.renesolapower.com

, NYSE: SOL), a leading fully integrated solar project developer, today announced that

Himanshu H. Shah

, Founder and CIO of Shah Capital was appointed as Chairman of the Board of Directors (the “Board”). In addition, the Company made the following changes to the leadership and members of its Board committees, effective immediately.

• 
  Martin Bloom
  
  succeeded retiring
  
  Tan Wee Seng
  
  as Audit Committee Chair.
  
  Active Member(s) of Audit Committee are
  
  Ramnath Iyer
  
  and
  
  Julia Xu
  
  .
• 
  Ramnath Iyer
  
  succeeded
  
  Martin Bloom
  
  as Compensation Committee Chair.
  
  Active Member(s) of Compensation Committee is
  
  Martin Bloom
  
  .
• 
  Himanshu Shah
  
  succeeded
  
  Julia Xu
  
  as Chairman of Nominating and Corporate Governance Committee.
  
  Active Member(s) of Nominating and Corporate Governance Committee are
  
  Martin Bloom
  
  and
  
  Julia Xu
  
  .
• 
  Ramnath Iyer
  
  succeeded
  
  Martin Bloom
  
  as ESG Committee Chair.
  
  Active Member(s) of ESG Committee are
  
  Martin Bloom
  
  ,
  
  Julia Xu
  
  ,
  
  Yumin Liu
  
  , and
  
  Ke Chen
  
  .

Mr.

Yumin Liu

, ReneSola Power’s Director and Chief Executive Officer said, “We are very pleased to welcome

Himanshu Shah

as Chairman of our Board. Himanshu brings a unique combination of leadership ability, strategic vision, and strong drive for success further revitalizing our company.”

“I appreciate our Board’s trust and look forward to continue working with our management team in growing our pipeline and becoming more profitable.” said

Himanshu Shah

.

Shah Capital is a long-term stakeholder and has over 22% ownership of ReneSola Power. Himanshu joined ReneSola Power as a Director in

March 2022

. Himanshu has opted to continue not receiving any compensation from the Company. He is also the Executive Chairman of Marius Pharmaceuticals, and previously served on the Board of Directors of Vitamin Shoppe. Himanshu brings over thirty years of experience in global capital markets and entrepreneurial business acumen. Over the years, he has successfully advised many Shah Capital portfolio companies on both pragmatic strategy and disciplined execution.

More information can be found at the Corporate Governance on ReneSola Power’s investor relations website at

http://ir.renesolapower.com

.

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across number of regions where the solar power project markets are growing rapidly and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and

Europe

, where the Company has a market-leading position in several geographies, including

Poland

,

Hungary

,

Minnesota

and

New York

. For more information, please visit

www.renesolapower.com

.

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SOURCE ReneSola Ltd.