Canadian Solar Provides Update on Manufacturing Capacity Utilization; Schedules 4Q/FY19 Earnings Conference Call for March 26

GUELPH, Ontario, March 11, 2020 /PRNewswire/ — Canadian Solar Inc. (“the Company”, “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today provided an update on its manufacturing capacity utilization and scheduled its 4Q/FY19 earnings conference call for Thursday, March 26, 2020.

Update on Manufacturing Capacity Utilization:

Following the recent disruptions associated with Corona Virus Disease (“COVID-19”), the Company informs that its manufacturing operations and supply chain in China are now back on track to full capacity utilization. The impact to the Company’s delivery schedule is now mainly limited to the capacity loss in last week of January and first 10 days of February of 2020.  There have been limited cases in which the Company has had to change shipping schedules and/or product types, but all have been settled with customers. The Company expects that, under current conditions, it can deliver orders on-time and in accordance with the latest schedules confirmed with its customers. In the meantime, the Company is closely monitoring the development of the COVID-19 in other countries and regions, to understand and prepare for any impact on cross-border logistics and project construction timelines.

4Q/FY19 Conference Call Scheduled for Thursday, March 26, 2020:

Canadian Solar will discuss its fourth quarter and full year 2019 results and business outlook on Thursday, March 26, 2020 at 8:00 a.m. U.S. Eastern Daylight Time.  The dial-in phone number for the live audio call is +1-866-519-4004 (toll-free from the U.S.), +852-3018-6771 (local dial-in from Hong Kong) or +1 845-675-0437 from international locations. The passcode for the call is 4068575.  A live webcast of the conference call will also be available on the investor relations section of Canadian Solar’s website at www.canadiansolar.com.

A replay of the call will be available 2 hours after the conclusion of the call until 8:00 a.m. U.S. Eastern Daylight Time on Friday, April 3, 2020 (8:00 p.m., April 3, 2020 in Hong Kong) and can be accessed by dialing +1-855-452-5696 (toll-free from the U.S.), +852-3051-2780 (local dial-in from Hong Kong) or +1-646-254-3697 from international locations.  The passcode for the replay is 4068575.  A webcast replay will also be available on the investor relations section of Canadian Solar’s at www.canadiansolar.com.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest and foremost solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale power projects in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 38 GW of premium quality modules to customers in over 150 countries around the world. Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

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