Canadian Solar Inc. Announces Results of 2020 Annual and Special Meeting of Shareholders
- With respect to the election of directors, the Company nominated seven individuals. Each of Mr.
Shawn (Xiaohua) Qu, Mr. Harry E. Ruda, Mr. Andrew(Luen Cheung) Wong, Mr. Arthur(Lap Tat) Wong, Ms. Lauren C. Templeton, and Mr. Karl E. Olsoni received a greater number of votes in favour than withheld. Mr. Robert K. McDermottreceived a greater number of votes withheld than in favour, and, as a consequence, under the Corporate Governance Guidelines of the Company, he is required to tender his resignation to the Chairman of the Board, such resignation to take effect on acceptance by the Board. The Board will consider his resignation pursuant to the Corporate Governance Guidelines and report its decision by subsequent press release.
- The requisite majority of the shares represented at the meeting required for approval were voted in favour of the re-appointment of
Deloitte Touche Tohmatsu Certified Public Accountants LLPas the auditors of the Company and to authorize the directors of the Company to fix their remuneration;
- The requisite majority of the shares represented at the meeting required for approval were voted in favour of the special resolution authorizing and approving the continuance of the Company from the federal jurisdiction of
Canadato either the provincial jurisdiction of the Province of British Columbiaor the Province of Ontario; and
- The requisite majority of the shares represented at the meeting required for approval were voted in favour of the ordinary resolution authorizing and approving the extension of the expiry date of the amended and restated share incentive plan of the Company from
September 20, 2020to June 30, 2029.
Isabel Zhang, Director, Investor Relations, Canadian Solar Inc., firstname.lastname@example.org; David Pasquale, Global IR Partners, email@example.com, Tel: +1-914-337-8801