Alumnus Named Independent Director at SPI Energy

SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (Nasdaq: SPI), a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors, today announced that Dr. Maurice Ngai has been appointed as a new independent director, chairman of the Audit Committee and a member of the Compensation Committee, effective May 9, 2016.

"We are delighted to welcome someone of Dr. Ngai's caliber and experience to our Board," said Xiaofeng Peng, Chairman and CEO of SPI Energy. "Given his wealth of knowledge of financial, accounting and corporate governance issues, he is the ideal choice to serve as the chairman of the Company's Audit Committee. I am confident that Dr. Ngai's strategic skillset and business acumen will be extremely valuable as we plan for future growth." 

Dr. Ngai obtained a Doctoral Degree in Finance at Shanghai University of Finance and Economics, a Master's Degree in Corporate Finance from Hong Kong Polytechnic University, a Master's Degree in Business Administration from Andrews University of Michigan and a Bachelor's Degree in Laws at University of Wolverhampton. He is in a selected talent pool of State-owned Assets Supervision and Administration of the State Council (SASAC) and is serving as an independent non-executive director of several reputable listed companies.

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