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BRIEF-SPI Energy Agreement Approved By An Independent Committee Of Co’s Board

Aug 31 (Reuters) - SPI Energy Co Ltd:

* SPI ENERGY CO LTD ENTERS INTO DEFINITIVE AGREEMENT FOR THE DISPOSITION OF ITS CHINESE BUSINESS

* AGREEMENT HAS BEEN APPROVED BY AN INDEPENDENT COMMITTEE OF THE COMPANY'S BOARD OF DIRECTORS

* SPI ENERGY CO -WILL SELL BUYER 100% OF SHARES OF SPI CHINA (HK) LTD, WHICH HOLDS ALL OF CO'S ASSETS AND LIABILITIES RELATED TO ITS BUSINESS IN CHINA

* WILL GRANT BUYER OPTION TO PURCHASE FROM CO UP TO 10 MILLION OF CO'S ORDINARY SHARES PAR VALUE OF US$ 0.00001 PER SHARE

* OPTION EXERCISE PRICE SHALL BE US$ 0.38 PER SHARE Source text for Eikon: Further company coverage: