<SEC-DOCUMENT>0001214659-22-007908.txt : 20220609
<SEC-HEADER>0001214659-22-007908.hdr.sgml : 20220609
<ACCEPTANCE-DATETIME>20220609151948
ACCESSION NUMBER:		0001214659-22-007908
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220609
DATE AS OF CHANGE:		20220609
EFFECTIVENESS DATE:		20220609

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Canadian Solar Inc.
		CENTRAL INDEX KEY:			0001375877
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33107
		FILM NUMBER:		221005750

	BUSINESS ADDRESS:	
		STREET 1:		545 SPEEDVALE AVENUE
		STREET 2:		WEST GUELPH
		CITY:			ONTARIO
		STATE:			A6
		ZIP:			N1K 1E6
		BUSINESS PHONE:		(86-512) 6690-8088

	MAIL ADDRESS:	
		STREET 1:		NO. 199 LUSHAN ROAD, SUZHOU NEW DISTRICT
		STREET 2:		SUZHOU
		CITY:			JIANGSU
		STATE:			F4
		ZIP:			215129

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Canadian Shareholder Association for Research & Education
		CENTRAL INDEX KEY:			0001782324
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		1155 ROBSON STREET
		STREET 2:		SUITE 510
		CITY:			VANCOUVER
		STATE:			Z4
		ZIP:			V6E 1B5
		BUSINESS PHONE:		604-408-2500

	MAIL ADDRESS:	
		STREET 1:		1155 ROBSON STREET
		STREET 2:		SUITE 510
		CITY:			VANCOUVER
		STATE:			Z4
		ZIP:			V6E 1B5
</SEC-HEADER>
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<SEQUENCE>1
<FILENAME>o69221px14a6g.htm
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTICE OF EXEMPT SOLICITATION (VOLUNTARY SUBMISSION)
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NAME OF REGISTRANT: Canadian Solar Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">NAME OF PERSON RELYING ON EXEMPTION: Shareholder
Association for Research &amp; Education (SHARE)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ADDRESS OF PERSON RELYING ON EXEMPTION: 510-1155
Robson St., Vancouver, BC, Canada, V6E 1B5</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Written materials are submitted pursuant to Rule
14a-6(g)(1) promulgated under the Securities Exchange Act of 1934:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RE: Vote AGAINST Re-election of Directors Lap
Tat Arthur Wong, Lauren C. Templeton &amp; Karl E. Olsoni.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Annual Meeting: June 22, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Contact: Simon Lewchuk, Manager Corporate Engagement
&amp; Advocacy, SHARE, slewchuk@share.ca</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9 June 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Canadian Solar Inc. Shareholders,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>We are writing to draw your attention to significant shareholder
concerns related to Board failures in responsiveness, accountability and material risk oversight at Canadian Solar Inc., and urge you
to vote AGAINST the re-election of Directors Lap Tat Arthur Wong, Lauren C. Templeton &amp; Karl E. Olsoni at the company&rsquo;s annual
meeting on June 22, 2022.<SUP>1</SUP></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In our judgement, votes should be withheld from Directors Wong, Templeton
and Olsoni out of concern for the Company&rsquo;s future, our own interests as shareholders in the Company, and our belief that the Board
of Directors has failed in key fiduciary duties. Each of these Directors chair relevant board committees that have failed in their duties
to shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B><U>Non-responsiveness by omitting a shareholder proposal on questionable grounds</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In advance of this year&rsquo;s annual meeting of shareholders, the
Shareholder Association for Research and Education (SHARE) filed a shareholder proposal (&ldquo;Proposal&rdquo;) calling on the Board
of Directors to oversee a third-party assessment of the effectiveness of the Company&rsquo;s policies and procedures in protecting against
forced labour, including in the Xinjiang Uyghur Autonomous Region.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> Lap Tat Arthur Wong in his capacity of Chair of the Audit
Committee; Lauren C. Templeton in her capacity of Chair of the Nominating and Corporate Governance Committee; Karl E. Olsoni in his capacity
of Chair of the Sustainability Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Proposal reads:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><I>Shareholders request the Board of Directors oversee a
third-party party assessment and report to shareholders, at reasonable cost and omitting proprietary information, on the extent to which
Canadian Solar Inc.&rsquo;s (Canadian Solar) policies and procedures effectively protect against forced labour in its operations, supply
chains, and business relationships, including in the Xinjiang Uyghur Autonomous Region. The report should: </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><I>Draw upon international standards such as the UN Guiding Principles on Business and Human Rights, ILO Declaration on Fundamental
Principles and Rights at Work and ILO Forced Labour Convention, 1930 (No. 29); </I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><I>Explain how Canadian Solar identifies actual or potential adverse human rights impacts and how, once identified, the company prevents,
mitigates and accounts for such impacts; </I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><I>Explain the extent to which Canadian Solar has identified suppliers and sub-suppliers that are at significant risk for forced labour
violations; </I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><I>Disclose the number of suppliers against which Canadian Solar has taken corrective action due to such violations; </I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><I>Be posted on Canadian Solar&rsquo;s website. </I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Despite the fact that the Proposal was submitted, received and acknowledged
by senior management in advance of the required deadline, the Company omitted it from their 2022 meeting materials on questionable grounds,
claiming that it was entitled to do so because:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>the address line on the cover letter referred to the company&rsquo;s principal executive office (in Ontario), rather than its registered
office (at a British Columbia law firm), and;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>the Proposal has been substantially implemented insofar as the Company has been unsuccessful in finding a qualified third party to
take on aspects of the work outlined in the Proposal.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As common stock owners, shareholders have the fundamental right to
participate and vote on corporate governance matters that may influence the value or success of the company. Shareholders&rsquo; active
ownership and voting rights encourage a greater alignment of interests within a company which ultimately leads to greater efficiency and
increased financial returns. The Company&rsquo;s decision to omit the Proposal is indicative of a troubling disregard for good corporate
governance and its shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The company&rsquo;s failure to include a valid shareholder resolution
in its proxy material is an immediate concern as (1) the Company failed to facilitate shareholders&rsquo; ability to present their own
proposal for consideration at the AGM (2) prevented shareholders from exercising their voting rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, the inherent lack of Board independence resulting from
the combined Board Chair/CEO role at the Company creates further governance risks that underscores heightened need for responsiveness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B><U>Lack of Accountability by further avoiding shareholder scrutiny</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The role of a Board, is, in part, to represent the interests of shareholders.
To do so effectively, boards should be accountable to shareholders. Instead of providing shareholders with an opportunity to review and
vote on the Proposal &ndash; which called on the company to publicly report the results of the third-party assessment &ndash; the Company
revealed to the media that it would, &ldquo;request board approval in the next two weeks to hire a third party &lsquo;with the qualification
and willingness to implement a due diligence audit on human rights and forced labour issues in our operations and supply chain&rsquo;&rdquo;
<SUP>2</SUP>, providing no details on the scope of the assessment or whether its results will be made public.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP></SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> https://www.theglobeandmail.com/business/article-canadian-solar-promises-belated-investigation-into-xinjiang-plant/</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This demonstrates a lack of accountability in three ways:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><I>i.</I></TD><TD><I>It undermines and runs counter to the Company&rsquo;s rationale for excluding the Proposal in the first place. </I>The Company
excluded the Proposal by claiming that it was not possible to find a qualified auditor and asserting, &ldquo;this work is not capable
of being completed&rdquo;<SUP>3</SUP>. Making such an about-face in response to media inquiries &ndash; without any explanation to shareholders
- raises serious questions about the Company&rsquo;s stated rationale for excluding the Proposal.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><I>ii.</I></TD><TD><I>The Company has not provided investors any details on their stated plans to conduct a due diligence assessment on human rights
and forced labour. </I>Canadian Solar&rsquo;s 2022 management information circular is completely silent on this matter, and the Company
has not responded to investor inquiries for details. Divulging more information to the media than shareholders on this matter bypasses
regular mechanisms for investor accountability.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><I>iii.</I></TD><TD><I>Not indicating whether it will make public the results of the due diligence assessment raises questions about whether the Company
is attempting to further avoid shareholder scrutiny.</I> As discussed below, we believe the underlying and material issues at stake merit
fulsome shareholder review and Company accountability.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD><B><U>Material failure of risk oversight in light of credible and well-documented forced labour risks</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Furthermore, the underlying issue addressed in the Proposal &ndash;
credible and well-documented forced labour risks in the Company&rsquo;s operations and supply chains, and resulting questions about the
efficacy of the Company policies <FONT STYLE="font-size: 10pt">and due diligence procedures &ndash; speaks to a material failure of risk
oversight. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">According to the Solar Energy Industries Association (SEIA), &ldquo;there
are numerous credible reports linking the Chinese government to human rights abuses against Uyghurs, an ethnic minority living in the
Xinjiang region&rdquo;. The SEIA further states that, &ldquo;an estimated 50% of the global supply of polysilicon &ndash; a critical component
of solar modules &ndash; is produced in the Xinjiang region.&rdquo;<SUP>4</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Canadian Solar is directly implicated in these reports. A May 2021
report specifically names Canadian Solar&rsquo;s exposure to forced labour risks in Xinjiang through one of its major polysilicon suppliers.<SUP>5</SUP>
Another 2021 report raised concerns over Canadian Solar&rsquo;s operation of a solar farm in Xinjiang proximate to several detention facilities.<SUP>6</SUP>
The company has been subject to significant negative media coverage as a result.<SUP>7</SUP></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>3</SUP></FONT> i<FONT STYLE="font-size: 10pt">bid
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>4</SUP> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">https://www.seia.org/initiatives/supply-chain-ethics-sustainability</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">https://www.shu.ac.uk/helena-kennedy-centre-international-justice/research-and-projects/all-projects/in-broad-daylight</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>6</SUP> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">http://nomogaia.org/wp-content/uploads/2021/03/IFC-Xinjiang-Investments-the-tragic-cost-of-bypassing-PS7.pdf</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>7</SUP> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">https://www.theglobeandmail.com/world/article-canadian-firms-operate-in-chinas-xinjiang-region/;
https://www.thestar.com/local-guelph/news/2021/01/23/feds-warning-guelph-company-with-chinese-solar-power-plant-of-human-rights-abuses-in-region.html;
https://www.washingtonpost.com/business/2021/08/27/customs-detains-chinese-solar-panels/</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Credible reports indicate <FONT STYLE="color: #2A2A2A">that Canadian
Solar had shipments of </FONT>materials detained by U.S. Customs Officials <FONT STYLE="color: #2A2A2A">on suspicions of forced labour
links. on suspicions of forced labour links.<SUP>8</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Despite all of the above, management has maintained that &ldquo;there
is no forced labour in our supply chain&rdquo; and that it, &ldquo;doesn&rsquo;t &lsquo;believe there is forced labour in our industry&rsquo;&rdquo;.
<SUP>9</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">There is a significant gap between Canadian Solar&rsquo;s policy commitments
and actions, and credible allegations of forced labour in the Company&rsquo;s supply chains. This gap continues to create material, regulatory
and reputational risks for the Company and its investors, for which Board members charged with risk oversight and ESG matters must be
held responsible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Summary</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Directors Wong, Templeton and Olsoni, should be held accountable
to restore shareholder confidence and trust in Canadian Solar&rsquo;s Board. </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>These directors should be accountable due to their role in the company&rsquo;s
non-responsiveness to shareholder concerns, lack of accountability for the company&rsquo;s approach to significant human rights risks,
and material failure of oversight for these same risks. </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>As such, we urge shareholders to vote AGAINST their re-election
at the Company&rsquo;s annual meeting on June 22, 2022.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If you would like more information or an opportunity to discuss these
issues, please contact Simon Lewchuk, Manager, Corporate Engagement at slewchuk@share.ca or Anthony Schein, Director, Shareholder Advocacy
at aschein@share.ca</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.75pt solid">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Vote AGAINST Re-election of Directors Lap Tat Arthur Wong, Lauren
C. Templeton &amp; Karl E. Olsoni.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>_____________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>8</SUP> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">https://www.washingtonpost.com/business/2021/08/27/customs-detains-chinese-solar-panels;
; https://www.pv-tech.org/us-begins-wro-enforcement-in-earnest-with-solar-modules-detained-by-customs-officials-say-reports/; https://www.cbp.gov/newsroom/national-media-release/department-homeland-security-issues-withhold-release-order-silica
https://www.pv-tech.org/us-begins-wro-enforcement-in-earnest-with-solar-modules-detained-by-customs-officials-say-reports/</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>9</SUP> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">https://www.thestar.com/local-guelph/news/2021/07/22/guelph-solar-panel-company-has-ties-with-chinese-firm-sanctioned-over-forced-labour.html;
https://www.theglobeandmail.com/world/article-canadian-solar-denies-use-of-forced-labour-at-its-solar-farm-in/; https://www.thestar.com/local-guelph/news/2021/01/23/feds-warning-guelph-company-with-chinese-solar-power-plant-of-human-rights-abuses-in-region.html</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">THE FOREGOING INFORMATON MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE,
U.S. MAIL, EMAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION
OF AUTHORITY TO VOTE YOUR PROXY. THE COST OF DISSEMINATING THE FOREGOING INFORMATION TO SHAREHOLDERS IS BEING BORNE ENTIRELY BY THE FILERS.
PROXY CARDS WILL NOT BE ACCEPTED BY ANY FILER. PLEASE DO NOT SEND YOUR PROXY TO ANY FILER. TO VOTE YOUR PROXY, PLEASE FOLLOW THE INSTRUCTIONS
ON YOUR PROXY CARD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The filer of this document is Shareholder Association for Research
&amp; Education (SHARE), Suite 510 &ndash; 1155 Robson Street Vancouver, BC V6E 1B5</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>This is not a solicitation of authority to vote
your proxy. Please DO NOT send us your proxy card as it will not be accepted.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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