ReneSola Announces Change in CFO Transition Plan

ReneSola Ltd, a leading solar project developer and operator, today announced one of its independent directors and a member of compensation committee and nominating and corporate governance committee, Mr. Weiguo Zhou, has been appointed interim Chief Financial Officer, effective immediately. Mr. Zhou succeeds Maggie Ma, whose resignation was effective February 28. Mr. Zhou will step down as an independent director during the period he serves as interim Chief Financial Officer and remain a director of the board of directors and a member of compensation committee and nominating and corporate governance committee.

The Company had previously announced that Ms. Cindy Chen would join ReneSola to succeed Ms. Ma. Ms. Chen withdrew her acceptance of the role for her health reason.

Mr. Weiguo Zhou had been our independent director since March 2016. Mr. Zhou has extensive background in corporate finance. He was a long term investment banker, who worked twelve years for investment banking divisions at various investment banks including Goldman Sachs Group company in Beijing, Credit Suisse Founder in Beijing and Credit Suisse in Hong Kong, Deutsche Bank in Hong Kong and Tokyo. Mr. Zhou has deep knowledge in the capital markets and the solar industry as well. During his investment banking career, his major industry coverage was renewable energy from 2006. He also has rich experience in venture capital investment at various industry sectors including renewable energy. Mr. Zhou obtained his bachelor's degree in economics (major in accounting) from University of Tokyo in 2000.