ReneSola Announces Resignation of CFO and Appointment of New CFO

ReneSola Ltd, a leading solar project developer and operator, today announced that Maggie Ma will resign as Chief Financial Officer effective February 28, 2018 to pursue other interests. Following Ms. Ma's departure, Cindy Chen will be appointed to serve as Chief Financial Officer, effective March 1, 2018. The Company noted that Ms. Ma's departure is not related to any issues or disagreements regarding the Company's financial disclosures, accounting policies and practices.

Ms. Chen brings to ReneSola more than 20 years of work experience. Cindy has held various financial roles, and has extensive experience overseeing internal financial management and equity financing activities. Her most recent work experiences include Mofang Service Group Limited where she served as Financial Controller and Redstar Macalline Group Co. Ltd as Deputy General Manager of Group Finance Center. Prior to these roles, Cindy worked at IBM China for over 8 years. Cindy received an MBA from Fudan University and a bachelor's degree in International Accounting from Shanghai University. Cindy is also an ACCA member.

Xianshou Li, ReneSola's Chief Executive Officer, commented, "We are very pleased to have Cindy Chen join ReneSola in the capacity of CFO. Cindy's solid experience in financial operations and internal control is a great fit for ReneSola as we work to drive the Company toward improving financial and operational performance."

Mr. Li added, "We greatly appreciate the contributions Maggie Ma has made during her tenure at ReneSola. We respect her decision and wish her the very best in her future endeavors."

Source: ReneSola Ltd.
Date: Feb 23, 2018