ReneSola: Share Repurchase Update
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SHANGHAI - ReneSola Ltd ("ReneSola" or the "Company") (www.renesola.com) (NYSE: SOL), a leading fully-integrated solar project developer and provider of energy-efficient products, announced that it purchased over 705,000 ADS in the month of December.
"Our share buyback program is an integral element of our capital spending program, and represents an attractive use of funds when our shares are particularly undervalued," said Xianshou Li, ReneSola's Chairman and Chief Executive Officer. "In addition to returning capital to shareholders, we continue to use cash to pay down debt, and fund attractive project development opportunities. We intend to continue these value-enhancing activities in the year ahead."
Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand and technology provider of energy efficient products. Leveraging its global presence and expansive distribution and sales network, ReneSola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world. For more information, please visit www.renesola.com.
For investor and media inquiries, please contact:
Ms. Rebecca Shen
+86 (21) 6280-9180 x106
The Blueshirt Group Asia
Mr. Gary Dvorchak, CFA
+86 (138) 1079-1480