Yingli Green Energy: Exercise of Over-Allotment Option
Yingli Green Energy Holding Company Limited, one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it closed the sale of an additional 2,790,000 American Depositary Shares ("ADSs"), each representing one ordinary share of Yingli Green Energy, at the public offering price of US$13.00 per share, pursuant to the over-allotment option exercised in full by the underwriters of its recent follow-on offering, which priced on June 16, 2008. The exercise of the over-allotment option brings the total number of ADSs sold by Yingli Green Energy in the follow-on offering to 18,390,000 and the aggregate net proceeds received by Yingli Green Energy to approximately US$227.4 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States.
For further information, please contact:
Director, Investor Relations
Yingli Green Energy Holding Company Limited