ReneSola Ltd. announced that Himanshu H. Shah, Founder and CIO of Shah Capital was appointed as Chairman of the Board of Directors. 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. 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.