Yingli Green Energy: New executive director on Company's board

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BAODING, China - Yingli Green Energy Holding Company Limited (YGE), the world's largest vertically integrated solar panel manufacturer, also known as "Yingli Solar," announced that Mr. Zongwei Li has resigned from his position as executive director on the Company's board of directors. Mr. Li joined the Company as Chief Financial Officer in 2006, and currently serves as the Company's Chief Strategy Officer. Mr. Yiyu Wang, the Company's current Chief Financial Officer, will replace Mr. Li as an executive director on the Company's board. These proposals have been unanimously approved by the board and are effective as of December 3, 2014.

"I'm pleased to welcome Mr. Wang on board. I believe that his operational and financial expertise will make him a valuable contributor to the board and our shareholders," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer, Yingli Green Energy. "I would also like to personally thank Mr. Li for his participation at the board level and for his valuable contributions."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (YGE), known as "Yingli Solar," is the world's largest solar panel manufacturer in terms of production capacity and shipments. 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 10 GW of solar panels to customers worldwide. For more information, please visit www.yinglisolar.com
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