CANADIAN SOLAR APPOINTS YAN ZHUANG AND DR. HUIFENG CHANG TO THE BOARD OF DIRECTORS

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Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), today announced that it has appointed Yan Zhuang and Dr. Huifeng Chang to the Board of Directors, effective September 15, 2020.

Mr. Zhuang has been serving as President and Chief Operating Officer of Canadian Solar since May 2020. He initially joined the Company as an independent director in 2007 and later joined the management team in 2009 as VP of Global Sales and Marketing. Since 2009, Mr. Zhuang has been instrumental in Canadian Solar’s global expansion, serving as Senior VP of Global Sales and Marketing, Chief Commercial Officer and Acting Chief Executive Officer at the Company. Prior to joining Canadian Solar, Mr. Zhuang brought over 20 years’ experience, running his own business startups as well as serving in a number of leading roles in business development and strategy, corporate branding, and sales and marketing in multinational companies, including as Asia Pacific regional director of marketing planning at Motorola Inc. and regional head of Asia at Hands-on Mobile Inc., a global media and entertainment company. Mr. Zhuang holds two Master of Science degrees in Applied Statistics from the University of Alberta and in Marketing Management from the University of Guelph.

Dr. Chang has been serving as Senior VP and Chief Financial Officer of Canadian Solar since May 2016. Before joining Canadian Solar, Dr. Chang brought over 17 years’ experience in capital markets, corporate finance, investment and risk management, including as Co-Head of Sales and Trading of the U.S. subsidiary of China International Capital Corporation (CICC), CEO of CSOP Asset Management Limited based in Hong Kong, VP of Citigroup Equity Proprietary Investments in New York, and quantitative developer for derivatives pricing and risk modeling software at Kamakura Corporation based in Hawaii. Dr. Chang holds a PhD in Soil Physics, an MBA from the University of Hawaii and a Master of Science degree from Academia Sinica.

Dr. Shawn Qu, Chairman and Chief Executive Officer commented, “I am delighted to welcome Yan and Huifeng to Canadian Solar’s board. They bring outstanding track records of value creation in this industry and a deep understanding of Asian markets, crucial to Canadian Solar particularly at this stage of our development as we prepare for the China listing of our MSS business. With Yan and Huifeng’s invaluable strategic, operational and financial expertise, I am confident that their appointments will help the Company gear up to new growth opportunities and create sustainable value for shareholders.”

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