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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report
(Date of earliest event reported)
:
February 12, 2024
EMEREN GROUP LTD
(Exact Name of Registrant as Specified in Its Charter)
British Virgin Islands 001-33911 N/A
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 First Stamford Place 06902
,
Suite 302
Stamford
,
Connecticut
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, includingarea code:
+1 510
-
631-6550
N/A
(Former name or former address, if changed sincelast report.)
Check the appropriate box below if the Form 8-K filing is intendedto
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
.. Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
.. Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
.. Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
.. Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange
on which registered
American Depositary Shares, each representing SOL New York Stock Exchange
Common stock, 10 shares, no par value per share
Indicate by check mark whether the registrant is an emerging growthcompany as
defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the
Securities Exchange Act of 1934.
Emerging growth company
..
If an emerging growth company, indicate by check mark if the registranthas
elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuantto Section 13(a) of
the Exchange Act.
..
Item 8.01 Other Events.
On February 12, 2024, EmerenGroup Ltd (the "Company") issued a press release
to announce that its Board of Directors has approved an accelerated
stockrepurchase program ("ASR") of up to $10 million. A copy of the Company's
press release, issued February 12, 2024, regardingthe ASR is attached as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits:
Exhibit No. Description
99.1 Press Release
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the SecuritiesExchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EMEREN GROUP LTD
Date: February 12, 2024 By: /s/Ke Chen
Ke Chen
Chief Financial Officer
Exhibit 99.1
Emeren Group's Board of Directors Approvesan Accelerated Stock Repurchase
Program up to $10 million
Stamford,CT, February 12, 2024 - Emeren Group Ltd ("Emeren" or the "Company")
(www.emeren.com) (NYSE: SOL), a leadingglobal solar project developer, owner,
and operator,
today announced that its Board of Directors has approved an accelerated
stockrepurchase (ASR) program of up to $10 million and could be completed by
the end of March 2024. This ASR is incremental to the $11 millionremaining
authorization in Emeren's buyback program at the end of Q3 2023.
Yumin Liu, CEO of Emeren Group, stated, "This accelerated stockrepurchase
program underscores the Board's confidence in the company's future growth and
its commitment to delivering shareholdervalue. With our expertise in solar
project development, strong industry network, and solid balance sheet, we are
making significant progresstowards becoming an industry leading global solar
and storage developer. Our strategic focus remains on maintaining a lean cost
structureand achieving sustainable profitability, while monetizing our
extensive advance-stage project pipeline."
About Emeren Group Ltd
Emeren GroupLtd (NYSE: SOL) is a leading global solar project developer,
owner, and operator with a pipeline of projects and IPP assets totaling over3
GW, as well as a storage pipeline of over 10 GWh across Europe, North America,
and Asia. The Company focuses on solar power projectdevelopment, construction
management and project financing services with local professional teams across
multiple countries. For moreinformation, go to
www.emeren.com
Safe Harbor Statement
This press release contains statements that constitute ''forward-looking"stateme
nts within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Actof 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act of 1995.
Whenever you read a statement that isnot simply a statement of historical fact
(such as when the Company describes what it "believes," "expects" or
"anticipates"will occur, what "will" or "could" happen, and other similar
statements), you must remember that the Company's expectationsmay not be
correct, even though it believes that they are reasonable. The Company does
not guarantee that the forward-looking statementswill happen as described or
that they will happen at all. Further information regarding risks and
uncertainties that could cause actualresults to differ materially from those
in the forward-looking statements is included in the Company's filings with
the U.S. Securitiesand Exchange Commission, including the Company's annual
report on Form 20-F. The Company undertakes no obligation, beyond that
requiredby law, to update any forward-looking statement to reflect events or
circumstances after the date on which the statement is made, eventhough the
Company's situation may change in the future.
For investor and media inquiries, please contact:
Emeren Group Ltd
Suzanne Wilson
+1 (510) 631 6550
Suzanne.wilson@emeren.com
Emeren Group Ltd - InvestorRelations
ir@emeren.com
The BlueshirtGroup
Gary Dvorchak
+1 (323) 240-5796
gary@blueshirtgroup.com
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