Management – Solarever Holdings

Management

Simon Zhao

CEO

Simon Zhao is the Co Founder, CEO, and Chairman of the Board of Directors for Solarever Holdings. He also serves as the Executive Vice President at Asociación de Empresarios Zhonghua en México A.C. Simon has a distinguished career for over a decade in the energy sector, including positions at TBEA Mexico and TBEA Latin America. Under his visionary leadership, Solarever has risen to the forefront of the photovoltaic industry in Latin America, diversifying into electric vehicle distribution.

Zhao’s accomplishments have earned him recognition as one of the “Top 100 Energy Industry Leaders” by P&E Magazine in 2022 and feature on the cover of Mundo Ejecutivo in 2023 and the 100 most influential Chinese business leaders ranked by Forbes. His academic back ground includes studies at Huazhong University of Science and Technology.

Jason Mo

COO

Jason Mo currently serves as the Chief Operating Officer and a Board of Directors member at Solarever Holdings. Since 2018 Jason has held key positions such as Operations Manager at Solarever Tecnología de América S.A. de C.V. and Sales Executive at Solarever USA Inc. His academic background includes degrees from Instituto Politécnico Nacional in Mexico and Kyonggi University in South Korea, specializing in International Business and International Industrial Management, respectively.

Jaime Azamar

CFO

Jaime currently holds the position of Chief Financial Officer and serves as a Board of Directors member at Solarever Holdings. Previously, he served as the CFO at Allen & Co. and Orbia Pochteca. He has a distinguished career for over two decades of experience in the M&A and finance industry. Jaime’s educational background includes an MBA from IE Business School in Madrid, a Marketing Diploma from Universidad Iberoamericana, a Master’s in Finance from Escuela Bancaria y Comercial, and a Bachelor’s degree in Accounting from Universidad Nacional Autónoma de México.

Our Commitment

Our objective is to establish and promote ethical principles that guide all people related to Solarever Group towards a more sustainable, highly productive and fully human company, with the firm conviction of always acting in a remarkable way.

Solarever’s Board of Directors, in line with industry best practices, holds key responsibilities in promoting ethical governance. They approve and monitor the Solarever Code of Ethics, facilitating its communication throughout the organization. Working in coordination with General Management to support ethical standards.

Additionally, Solarever’s Board of Directors and senior executives are obligated to disclose potential conflicts of interest to the Legal Department. The disclosures are reviewed to maintain the highest ethical standards, and relevant committees are informed. This commitment forms the foundation of corporate and ethical governance and oversight within Solarever.

Solarever emphasizes the ethical commitment of it’s directors. The board must comply the Solarever Code of Ethics. They are encouraged to communicate any concerns about the code’s interpretation to the Ethics Committee and Chairman of the Board of Directors and are expected to report any potential code violations. This commitment reflects our dedication to upholding ethical standards in governance and leadership.

Solarever values the integral role of its committees, which include the Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee. These committees play a critical part in supervising compliance with the Solarever Code of Ethics.

Additionally, they are responsible for proposing any necessary enhancements to the Solarever Code of Ethics, with these proposals presented to the Board of Directors for approval. This practice underscores our dedication to the ongoing improvement of ethical standards, guided by the expertise and diligence of our committees.

Solarever’s Audit Committee is responsible to maintaining financial reporting integrity and robust corporate governance. Comprised of independent directors, this committee diligently oversees our accounting and financial reporting processes. They appoint independent auditors, pre-approve auditing and non-auditing services, and actively collaborate with auditors to address audit-related issues. The committee engages in discussions with management and auditors regarding annual audited financial statements and rigorously reviews the effectiveness of our accounting and internal control policies, with an emphasis on risk management.

Furthermore, it takes a proactive stance on risk management, particularly in identifying, assessing, and managing contingencies and legal matters. The committee is responsible for reviewing and approving all proposed related party transactions. To enhance transparency and accountability, we have established an informant mechanism that empowers employees to confidentially and anonymously report accounting, internal control, and auditing concerns. The committee also has the authority to engage independent counsel and expert advisors when necessary to strengthen our internal controls and audit procedures. Integrated by independent directors, Solarever’s Audit Committee is fully aligned with regulatory mandates and best practices in corporate governance. Committed to upholding the highest standards of transparency and accountability, it ensures a secure and robust financial environment for the benefit of our valued investors.

Solarever’s Compensation Committee, composed of independent directors who meet the independence requirements of Nasdaq listing rules and Rule 10C-1 under the Exchange Act, is dedicated to ensuring equitable and transparent compensation for our directors and executive officers. The committee plays a crucial role in reviewing and approving compensation packages for our most senior executive officers, aligning them with industry standards and performance. They also oversee compensation for executives beyond the most senior officers, ensuring fair and competitive rewards. Furthermore, the committee recommends director compensation, emphasizing impartiality and fairness. It periodically reviews and approves long-term incentive compensation and equity plans to motivate and retain top talent within the organization. The selection of compensation consultants, legal counsel, and advisors is carefully considered to ensure their independence from management. In addition, to executive compensation, the committee reviews and enhances employee welfare through pension and benefit plans, underscoring Solarever’s commitment to employee well being. Aligned with regulatory mandates, Solarever’s Compensation Committee upholds transparency and accountability, ensuring that the contributions of our valued executives and directors are duly recognized and rewarded.

Solarever’s Nominating and Corporate Governance Committee is a cornerstone of our commitment to robust governance and board composition. Comprising independent directors, this committee plays a significant role in assisting the board of directors in selecting individuals qualified to become directors and in determining the overall board and its committees’ composition. The committee actively identifies and recommends candidates for election or re-election to our board or for appointment to fill any vacancy. It ensures that the board’s composition aligns with the highest standards of independence, age, skills, experience, and availability of service. Additionally, the Nominating and Corporate Governance Committee advises the board on corporate governance developments, ensuring our compliance with applicable laws and regulations. It makes recommendations to the board on all corporate governance matters and offers corrective action suggestions when necessary. The committee is also responsible for monitoring compliance with our code of business conduct and ethics, consistently reviewing the adequacy and effectiveness of our compliance procedures. Solarever’s Nominating and Corporate Governance Committee is dedicated to upholding the highest standards of transparency, independence, and ethical conduct, ensuring that our corporate governance practices serve the best interests of our valued investors and stakeholders.