BAODING, China,
June 15,
2017 /PRNewswire/ -- Yingli Green Energy
Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or "the
Company"), one of the world's leading solar panel manufacturers,
announced today that the New York Stock Exchange
("NYSE") has accepted the Company's plan for continued listing and
has granted the Company an 18 month extension until August 9, 2018 to regain compliance with the
NYSE's continued listing standards. As a
result, Yingli Green Energy's ADSs will
continue to be listed and traded on the
NYSE, subject to quarterly reviews by the NYSE to
monitor the Company's progress against its plan
to restore compliance with continued listing
standards.
Yingli Green Energy previously announced on February 15, 2017 that it was below the NYSE's
continued listing standards related to market capitalization
and shareholders' equity. The Company subsequently
submitted a plan to regain compliance to the NYSE. Yingli Green
Energy will continue to work proactively with the NYSE to maintain
the listing of its ADSs during the relevant compliance
period.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE),
known as "Yingli Solar," is one of
the world's leading solar panel
manufacturers. Yingli Green Energy's manufacturing covers the
photovoltaic value chain from ingot casting and wafering through
solar cell production and solar PV module assembly. Headquartered
in Baoding, China, Yingli Green
Energy has more than 20 regional
subsidiaries and branch offices and has distributed more than
17GW solar panels
to customers worldwide. For more information, please
visit www.yinglisolar.com
and join the conversation on
Facebook,
Twitter and
Weibo.
Safe Harbor Statement
This press release contains forward-looking statements.
These statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target" and
similar statements. Such statements are based upon management's
current expectations and current market and operating conditions,
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond Yingli Green Energy's control,
which may cause Yingli Green Energy's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in Yingli Green
Energy's filings with the U.S. Securities and Exchange Commission.
Yingli Green Energy does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable
law.
For further information, please contact:
Eric
Pan
Investor
Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited