Sky Solar Holdings, Ltd. announced that Mr. Glen Wei resigned as an independent director of the company effective as of June 14, 2017. Following the resignation, Mr. Xuelong Pei was appointed as an independent director of the company effective as of June 15, 2017. Mr. Pei is also appointed to serve on the audit committee, compensation committee and nominating and corporate governance committee of the Board. Mr. Xuelong Pei has served as the Chief Executive Officer at Ganshang Corporation, General Manager at Jiangxi Electronic Group Corporation Ltd., and the head of legal department at Shanghai Juneyao (Group) Co., Ltd. Mr. Pei has also served as a director at Shanghai Huarui Bank Co., Ltd. The Company established an independent committee on June 15, 2017 to investigate the conduct of former Chief Executive Officer Mr. Weili Su involving certain transactions and fund transfers which appear to lack proper board and audit committee authorization. The independent committee consists solely of independent directors of the Company, namely Messrs. Qiang Zhan and Xuelong Pei, and is chaired by Mr. Qiang Zhan. The independent committee is authorized to retain outside counsel and advisors to conduct the investigation.