ReneSola Announces Its Chief Financial Officer, Ms. Julia Xu, Will Resign From The Company

ReneSola SOL, today announced that its chief financial officer, Ms. Julia Xu, will resign from the Company to pursue other career interests. Mr. Henry Wang, ReneSola's current vice president of finance, has been appointed as the Company's new chief financial officer. In addition, Mr. Tony Hung has been appointed vice president of international corporate finance and corporate communications. All management appointments have been approved by ReneSola's Board of Directors and will take effect as of July 1, 2011. Mr. Xianshou Li, ReneSola's chief executive officer, commented, "I would first like to thank Julia for the integral role she has played in strengthening our financial position and improving our internal controls over the past couple years. We wish her well in her future endeavors. We are very pleased, however, to have someone as qualified and experienced as Henry take over her position. Henry has an extensive background in accounting and finance and he is very familiar with our business through his role as vice president of finance where he led our cost reduction program, cash flow improvement initiatives and supervised our internal control and compliance. He will continue to drive these efforts to strengthen our company's performance. I am also pleased to welcome Tony as our vice president of international corporate finance and corporate communications. Tony possesses a deep knowledge of the capital markets and previously supported ReneSola during our listing on the NYSE while he was with Deutsche Bank. The additions of Henry to our executive leadership team and Tony to our corporate finance and communications team should help to further enhance our communications with the investment community."