CHANGZHOU, China,
July 12, 2011 /PRNewswire via COMTEX/ --
Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the
"Company"), a leading integrated manufacturer of solar photovoltaic
products from the production of ingots, wafers and cells to the assembly of
PV modules, announced today the following changes to its board and board
committees, including its audit and corporate governance and nominating
committees.
Mr. Peter Mak, an independent director
and chairman of the audit committee of the Company, has resigned from the
Company's board of directors and audit committee effective July 10, 2011 to
focus on other personal and professional pursuits.
Mr. Jerome Corcoran, an independent director of the Company, has
been appointed as chairman of the audit committee of the board to replace Mr.
Mak. Mr. Corcoran previously served as a member of
the audit committee of the board from December 2006 to April
2010. Mr. Corcoran has many years of experience in finance and investments,
having served as a managing director at Merrill Lynch's China Private Equity
Group in Beijing and a managing director and the head of
international investment banking of Merrill Lynch in New York and London.
Mr. Corcoran also serves on the compensation and corporate governance and
nominating committees of the board.
Dr. Yeung Kwok On, an independent
director of the Company, has been appointed to replace Mr. Corcoran as
chairman of the corporate governance and nominating committee of the board.
Mr. Qian Zhao, an independent director
of the Company, has been appointed to the corporate governance and nominating
committee of the board to replace Mr. Mak.
"We greatly appreciate the contributions that Peter has made to
the company," said Mr. Jifan Gao, Chairman and Chief Executive Officer of Trina
Solar. "We are confident that Jerry's years of experience in the
financial industry will be of great value to the audit committee."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a leading manufacturer of high
quality modules and has a long history as a solar PV pioneer since it was
founded in 1997 as a system installation company. Trina Solar is
one of the few PV manufacturers that have developed a vertically integrated
business model from the production of monocrystalline
and multicrystalline ingots, wafers and cells to
the assembly of high quality modules. Trina Solar's
products provide reliable and environmentally-friendly electric power for a
growing variety of end-user applications worldwide. For further information,
please visit Trina Solar's website at http://www.trinasolar.com.
Safe Harbor Statement
This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact in this announcement are forward-looking
statements, including but not limited to, the Company's ability to raise
additional capital to finance the Company's activities; the effectiveness,
profitability, and marketability of its products; the future trading of the
securities of the Company; the ability of the Company to operate as a public
company; the period of time for which its current liquidity will enable the
Company to fund its operations; the Company's ability to protect its
proprietary information; general economic and business conditions; the
volatility of the Company's operating results and financial condition; the
Company's ability to attract or retain qualified senior management personnel
and research and development staff; and other risks detailed in the Company's
filings with the Securities and Exchange Commission. These forward-looking
statements involve known and unknown risks and uncertainties and are based on
current expectations, assumptions, estimates and projections about the
Company and the industry. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events or
circumstances, or to changes in its expectations, except as may be required
by law. Although the Company believes that the expectations expressed in
these forward looking statements are reasonable, they cannot assure you that
their expectations will turn out to be correct, and investors are cautioned
that actual results may differ materially from the anticipated results.
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