Press Releases

SPI Energy Appoints New SVP Finance to Support Phoenix Motorcars Subsidiary and Solar Juice IPO

November 24, 2020

SPI Energy Appoints New SVP Finance to Support Phoenix Motorcars

Subsidiary and Solar Juice IPO

SANTA CLARA, CA / ACCESSWIRE / November 24, 2020 / SPI Energy Co., Ltd.,

(NASDAQ:SPI) (the "Company"), a global renewable energy company and provider of

photovoltaic (PV) and electric vehicle (EV) solutions for business, residential, government,

logistics and utility customers and investors, today announced that Wenbing Chris Wang was

appointed Senior Vice President of Finance for the Company.  

"Chris is a great addition to our team and will provide valuable support to our EdisonFuture’s

latest acquisition, Phoenix Motorcars, as well during our planned spinoff and IPO of our Solar

Juice subsidiary," said Xiaofeng Peng, Chairman and CEO of SPI Energy.  

Mr. Wang has been CEO of Redwood Group International since February 2017 and senior

partner of SAIF Xinhuihuang Asset Management Co., Ltd since December 2018.  Mr. Wang

previously served as the President of Fushi Copperweld, Inc from 2009 to 2016 and the CFO of

Fushi Copperweld from 2005 to 2010. Prior to that, Mr. Wang worked for Cornerstone China

Opportunities Fund, Redwood Capital, Credit Suisse and VCChina in various capacities.  Mr.

Wang holds a bachelor’s degree in English from the University of Science and Technology

Beijing and an MBA degree in Finance and Corporate Accounting from University of Rochester.

“I am excited to join the SPI executive team as the Company moves to rapidly capitalize on the

high-growth opportunities within the EV market globally,” commented Mr. Wang.  

About SPI Energy

SPI Energy Co., Ltd. (SPI) is a global renewable energy company and provider of photovoltaic

(PV) and electric vehicle (EV) solutions for business, residential, government, logistics and

utility customers and investors. The Company provides a full spectrum of EPC services to third

party project developers, as well as develops, owns and operates solar projects that sell electricity

to the grid in multiple countries, including the U.S., the U.K., Greece, Japan and Italy. The

Company has its US headquarters in Santa Clara, California and maintains global operations in

Asia, Europe, North America and Australia. SPI is also targeting strategic investment

opportunities in green industries such as battery storage and charging stations, leveraging the

Company's expertise and growing base of cash flow from solar projects and funding

development of projects in agriculture and other markets with significant growth potential.​

For more information on SPI Energy and its subsidiaries, the Company recommends that

stockholders, investors and any other interested parties read the Company's public filings and

press releases available under the Investor Relations section at

www.SPIgroups.com

or available

at

www.sec.gov

.

Forward-Looking Statements

This press release contains forward-looking statements, as that term is defined in the Private

Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking

statements can be identified through the use of words such as may," "might," "will," "intend,"

"should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate,"

"predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the

negatives of these terms or other comparable terminology. Readers are cautioned not to place

undue reliance on these forward-looking statements, which reflect the Company's current

expectations and speak only as of the date of this release. Actual results may differ materially

from the Company's current expectations depending upon a number of factors. These factors

include, among others, the coronavirus (COVID-19) and the effects of the outbreak and actions

taken in connection therewith, adverse changes in general economic and market conditions,

competitive factors including but not limited to pricing pressures and new product introductions,

uncertainty of customer acceptance of new product offerings and market changes, risks

associated with managing the growth of the business, and those other risks and uncertainties that

are described in the "Risk Factors" section of the Company's annual report filed on Form 20-F

filed with the Securities and Exchange Commission. Except as required by law, the Company

does not undertake any responsibility to revise or update any forward-looking statements.

Contact:

SPI Energy Co., Ltd.​

IR Department​

Email:

ir@spigroups.com

Dave Gentry​

RedChipCompanies, Inc.​

Phone:(407) 491-4498​

dave@redchip.com

SOURCE: SPI Energy Co., Ltd.

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