Mr. Brian Timmons reports
SOLAR ALLIANCE ENERGY, INC. ANNOUNCES APPOINTMENT OF NEW CFO
Solar Alliance Energy Inc. has appointed Jawad Chugtai of Global BPO Service Inc. as chief financial officer of the company, effective immediately.
Mr. Chugtai is an associate member of the Institute of Chartered Accountants England and Wales and a fellow member of the Association of Chartered Certified Accountants. He has over 10 years of experience in finance, audit, risk management and internal controls.
Mr. Chugtai has supported the company in connection with the audit of the company's financial statements for the year ended Dec. 31, 2024. As previously announced, the financial statements and related management's discussion and analysis were filed past the applicable filing deadline, and a cease trade order was imposed on the company, which was subsequently lifted on May 22, 2025, following the filing the financial statements and MD&A. The company is working with the TSX Venture Exchange to resume trading in its common shares and expects trading to resume shortly. The company will provide an update once a trading resumption date is known.
The former chief financial officer of the company, Christina Wu, has resigned, and the company thanks her for her services.
About Solar Alliance Energy Inc.
Solar Alliance is an energy solution provider focused on the commercial, utility and community solar sectors. Its experienced team of solar professionals reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions. Solar Alliance's strategy is to ultimately build, own and operate its own solar assets while also generating stable revenue through the sale and installation of solar projects to commercial and utility community customers.
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