Sky Solar Holdings Co., Ltd. Headquarters to Move to Shanghai

SHANGHAI, June 6, 2011 /PRNewswire-Asia/ -- Sky Solar Holdings Co., Ltd. (Sky Solar), the world-leading PV system developer and independent power provider, recently announced that the company has nominated Ms Amy Zhang, the former executive of Suntech Power Holdings Co., Ltd. as the CEO and Director of the Board Committee. Mr Su Weili, founder and chairman of Sky Solar, will no longer hold the post as CEO. Instead, Mr Su remains as Executive Chairman and will diversify his focus to strategic development, downstream solar plants applications and new technology commercialization. Furthermore, for the purpose of better utilizing capital and financial resources from both home and abroad, and to leverage the advantages of being close to the most developed PV production region, the Yangtze River Delta, the company has decided to move its headquarters from Beijing to Shanghai.

Ms Zhang is highly recognised in industry circles as an experienced executive who has worked for world-renowned enterprises such as Deloitte, Philips Electronics and Suntech Power. After leaving Suntech and having received interest from several well-known companies, Ms Zhang finally decided to join Sky Solar, a popular topic of speculation in the PV industry. Ms Zhang said, "The reason I chose Sky Solar is that I'd like to devote myself to the undertakings of global solar project development, financing, investment, capital management and transfer, and the operation of PV power stations; in other words, I would like to take on the challenge of the more difficult aspects in the downstream market of the solar industry. I was really moved by Mr Su Weili's spirit of dedication. It's his long-term dedication to investment in, and development of downstream PV projects as well as his innovative and strategic business model that attracted me. The PV industry is one of a few high-end manufacturing industries in China, which can lead the development of high-end products and industrial capital and realize the objective of expanding-abroad. I am ready to take these challenges on and create a brilliant future together with all Sky Solar employees around the world."

Mr Su Weili, chairman of Sky Solar said, "We are pleased to have Amy join us and lead the company as CEO. The board highly appreciates her personal qualities, experience and professionalism in domestic and foreign financing, merger and acquisition, and supply chain cooperation. We were impressed by her profound financial background and positive attitude. We believe that under her leadership, Sky Solar will definitely become prominent and successful in the future development of the entire solar industry."

SOURCE Sky Solar Holdings Co., Ltd