Solar Alliance Energy, Inc. Announces Appointment of New Corporate Secretary & Resignations of Corporate Secretary and Director

Solar Alliance Energy Inc., a key player in the commercial and utility solar sectors, has announced significant leadership changes. Jawad Chughtai, the company’s Chief Financial Officer since early 2025, has been appointed as the new Corporate Secretary. Chughtai, an Associate Member of the Institute of Chartered Accountants England and Wales (ICAEW) and a fellow member of the Association of Chartered Certified Accountants (ACCA), brings over a decade of expertise in Finance, Audit, Risk Management, and Internal Controls to his expanded role. This appointment signifies the company's commitment to enhancing its financial governance and operational efficiency.

In conjunction with Chughtai's elevation, Solar Alliance also acknowledges the resignations of Monique Hutchins, the former Corporate Secretary, and Anton Shihoff, a board director, who are stepping down to explore other business ventures. The board and management team expressed their gratitude for Hutchins’ and Shihoff’s contributions and wished them success in their future endeavors.

Solar Alliance is dedicated to providing innovative solar energy solutions designed to mitigate customers' exposure to rising energy costs while promoting sustainable electricity generation. The Company aims to build, own, and operate its solar assets while also bolstering revenue through the sales and installation of solar projects for commercial and community clients.

The statement also includes forward-looking information and caution against potential risks affecting the company’s performance, including project completion, capital raising challenges, and market fluctuations. It underscores the dynamic nature of the solar industry and Solar Alliance's strategic positioning within it, particularly highlighting its focus on expanding market share and managing project backlogs.

Solar Alliance Energy Inc. (TSX-V: SOLR, OTC: SAENF) is navigating a pivotal moment with recent management changes, notably the appointment of Jawad Chughtai as Corporate Secretary following the resignations of Monique Hutchins and Anton Shihoff. Chughtai, who brings extensive financial expertise from his role as Chief Financial Officer, takes on added responsibilities at a time when the solar market is expanding, providing a reassuring continuity in leadership.

The strategic decision to consolidate key roles under Chughtai reflects Solar Alliance's commitment to enhance corporate governance and operational efficiency, which could positively influence investor confidence. However, the exit of two experienced executives could introduce a degree of uncertainty, especially in the execution of ongoing projects and strategic initiatives.

From a market perspective, investors should remain keenly aware of the organization's strategic direction and projected growth within the commercial and utility solar sectors. With the U.S. solar industry experiencing robust growth, Solar Alliance is well-positioned to leverage its focus on building and managing its solar assets while generating sustainable revenue through project sales and installations.

Nonetheless, investors must consider inherent risks outlined in the company’s forward-looking statements, including challenges in completing projects on time, capital market volatility, and competitive market dynamics. The ability to convert project backlogs into revenue will be critical in assessing future performance.

For potential investors or current shareholders, maintaining a watchful eye on the company’s execution of its strategy and the impact of its management structure is essential. Building a diverse portfolio within the renewable energy sector and staying informed about regulatory changes and technological advancements in solar energy will also be beneficial. Overall, while the leadership changes present some caution, the underlying market dynamics favor continued investment in solar energy solutions.