BAODING, China, March 7, 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,
today announced that, in order to properly consider the Company's
options with respect to and ultimately resolve the debt repayment
issues faced by the Company's principal subsidiaries, the Company's
board of directors has formed a special committee (the "Special
Committee") comprised solely of independent directors to assess the
Company's operating and financial situation and evaluate, develop
and recommend one or more strategic alternatives and financing
plans potentially available to the Company in order to improve its
debt structure.
The time that may be required for the Special Committee to
complete its work and any assessment, evaluation and recommendation
to be made by the Special Committee are unpredictable. No
timetable has been set for the Special Committee to complete its
work. No decision has been made to engage in any particular
transaction or transactions. There can be no assurance that the
Special Committee or the board of directors of the Company will
authorize the pursuit of any strategic alternative. The Company
does not expect to comment further or update the market with any
additional information unless and until the Special Committee has
approved a specific transaction or otherwise deems disclosure
necessary or appropriate.
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