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 Solar Enertech Corp (PINK:SOEN)

Friday, May 13, 2011

The Company is pleased to announce the appointment of Susan Yao as its new Chief Financial Officer, effective May 16, 2011. Ms. Yao will be responsible for the Company's worldwide finance and accounting functions. Ms. Yao has over 14 years of work experience in accounting and finance in multinational corporations. Prior to joining the Company, Ms. Yao served as Financial Controller at Shanghai Shen-Mei Beverage & Food Co., Ltd., a Coca-Cola subsidiary in China from May 2010 to May 2011. Prior to her position at Coco-Cola, Ms. Yao was Deputy Finance Chief at Shanghai SVA-NEC Liquid Crystal Display Co., Ltd. for six years and previous to that worked at Shanghai Hewlett-Packard Co., Ltd. as a costing supervisor.


Thursday, April 7, 2011
On April 1, 2011, Solar Enertech Corp. entered into a Consulting Services Agreement (the “Consulting Agreement”) with Steve Mao Ye, the Company’s Chief Financial Officer. Under the terms of the Consulting Agreement, Mr. Ye confirms his voluntary resignation under that certain Amended and Restated Employment Agreement dated January 7, 2010 and agrees to render consulting services to the Company for a period of three months.