Emeren Group Announces CEO Transition, Formation of a Special Committee and Preliminary Q1 2025 Results

Core Viewpoint - Emeren Group Ltd announces the resignation of CEO Yumin Liu, effective April 30, 2025, with Julia Xu appointed as Interim CEO starting May 1, 2025, while a search for a permanent CEO is underway [1][2][4]. Leadership Transition - Mr. Liu has been CEO for over five years, focusing on high-margin growth and capital-efficient development, and will assist in the transition until the end of April [2]. - Julia Xu, currently an independent director, will take over as Interim CEO, bringing extensive experience in financial markets and international business [3][4]. Company Strategy and Operations - The Board expresses confidence in Julia Xu's ability to lead during this transition, emphasizing her operational insight and familiarity with the company's strategic priorities [4]. - Emeren has formed a special committee to evaluate a proposal for going private, received on March 17, 2025 [4]. Financial Performance - Preliminary Q1 2025 results indicate expected revenue of approximately $8.4 million, a gross margin of about 32$4 million [5][7].