Yingli Green Energy: Class Action Lawsuit
BAODING, China - Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," announced that it has become aware of the filing of a purported securities class action lawsuit against the Company and certain of its senior officers on behalf of a putative class of shareholders of the Company in the United States District Court for the Central District of California.
The Company has reviewed the claims asserted in the complaint and believes that they are without merit. While the Company has not yet been served with a copy of the complaint, it intends to vigorously defend itself in this matter.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (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 panel assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 13 GW of solar panels to customers worldwide. For more information, please visit www.yinglisolar.com