SPI Energy Announces Resignation of Independent Director

SHANGHAI, April 29, 2016 /PRNewswire/ -- SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (Nasdaq: SPI), a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors, today announced that Charles Sheung Wai Chan resigned as an independent director on the Board of Directors, chairman of the Audit Committee and member of the Compensation Committee of the Company for personal reasons, effective immediately on April 29, 2016.  Mr. Chan advised the Company that his resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

About SPI Energy Co., Ltd.

SPI Energy Co., Ltd. is a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors.  SPI Energy focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America.  The Company operates an innovative online energy e-commerce and investment platform, www.solarbao.com, which enables individual and institutional investors to purchase innovative PV-based investment and other products; as well as www.solartao.com, a B2B e-commerce platform offering a range of PV products for both upstream and downstream suppliers and customers.  The Company has its operating headquarters in Shanghai and maintains global operations in Asia, Europe, North America and Australia.

For additional information visit: www.spisolar.com, www.solarbao.com  or www.solartao.com.

Safe Harbor Statement

This release contains certain "forward-looking statements."  These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially.  All forward-looking statements included in this release are based upon information available to the Company as of the date of this release, which may change, and the Company undertakes no obligation to update or revise any forward-looking statements, except as may be required under applicable securities law.

Contact:

Tairan Guo
[email protected]
+86 21 8012 9135

SOURCE Solar Power, Inc.