(PRC, Hong Kong, 5 May 2014) United Photovoltaics Group Limited (“United PV” or “the Company,” stock code: 00686.HK, whose largest shareholder is China Merchants New Energy Group “CMNE”), a leading solar power plant investor and operator in China, today announced that the Company has appointed Mr. Jingyuan PAN as new Chief Investment Officer with immediate effective, responsible for the Company’s investment, mergers and acquisitions of solar power plants, overall planning and coordination of business development of the Company.
Mr. Pan has been working in China Merchants Group for over 20 years. Prior to joining the Company, Mr. Pan served as a senior manager of assets management department of China Merchants Group, overseeing the operation and management of the state-owned assets and the use of foreign currencies by coordinating and communication with various central governmental authorities such as State-Owned Assets Supervision and Administration Commission of the State Council, National Development and Reform Commission, Ministry of Commerce, and State Administration of Foreign Exchange, etc. During his six-year tenure as financial manager and then audit manager of China Merchants Energy Shipping Co., Ltd. In 2003-2009, Mr. Pan played an important role in and made valuable contribution to the successful IPO of the company, which was the first IPO case in China for the restructured overseas assets at that time. Mr. Pan worked with China Merchants Shekou Industrial Zone Limited from 1994 to 2003 as head of financial management division, participated in series of restructuring, consolidation, equity transfer and acquisition projects and collected sound experience in merger and acquisition. Mr. Pan graduated from University of International Business and Economics in China with a Bachelors degree of economics, majoring in finance.
Mr. Alan LI, Chairman of the Board and CEO of United PV, said: “Mr. PAN brings over substantial experiences in investment management, business negotiation, merger and acquisition, as well as extensive resources. As a result, the Company can further strengthen the coordination with China Merchants Group and its subsidiaries and the close relationship with major central enterprises partners and government administrative units, accelerating the acquisition and management of solar power plants.”
Leveraging his solid experience in China Merchants Group and its subsidiaries, the Company believes Mr. PAN will be able to enhance investment management, corporate restructuring, mergers and acquisitions. In the meantime, he could further strengthen the Company’s relationship with major central enterprises partners and government administrative units.
