Emeren Group Ltd, a company incorporated in the British Virgin Islands and listed on the New York Stock Exchange under the symbol SOL, reported on April 2, 2024, that its independent registered public accounting firm, Grant Thornton LLP (US), resigned on March 29, 2024. The resignation was accepted by the Company's Audit Committee. Grant Thornton US had been appointed as the independent auditor for the fiscal year ended December 31, 2023, starting from August 1, 2023. During their tenure, Grant Thornton US did not issue any adverse opinions or disclaimers and there were no disagreements on accounting principles or auditing procedures. However, they identified a material weakness in the Company's internal controls regarding the lack of sufficient personnel with the necessary knowledge of U.S. GAAP...Show More

Emeren Group Ltd, a company incorporated in the British Virgin Islands and listed on the New York Stock Exchange under the symbol SOL, reported on April 2, 2024, that its independent registered public accounting firm, Grant Thornton LLP (US), resigned on March 29, 2024. The resignation was accepted by the Company's Audit Committee. Grant Thornton US had been appointed as the independent auditor for the fiscal year ended December 31, 2023, starting from August 1, 2023. During their tenure, Grant Thornton US did not issue any adverse opinions or disclaimers and there were no disagreements on accounting principles or auditing procedures. However, they identified a material weakness in the Company's internal controls regarding the lack of sufficient personnel with the necessary knowledge of U.S. GAAP and SEC reporting requirements. Emeren Group has provided Grant Thornton US with a copy of the report and has received a letter from them, filed as Exhibit 16.1, confirming their agreement with the statements made in the report. The Company is currently in discussions with other firms to appoint a new independent registered public accounting firm.