Yingli Has Officially Entered the Judicial Restructuring Process

In order to promote a smooth restructuring, Yingli will actively cooperate with the court and the administrator in accordance with the law, fulfill its obligations, protect the legitimate rights and interests of all parties and communicate with related parties. Meanwhile, Yingli will also maintain regular production and operations and continue to undertake the existing orders and warranties of the subject of restructuring. The performance of labor contracts and salaries and benefits of employee will not be affected, and the legal rights and interests of suppliers and customers will be protected.

In order to promote a smooth restructuring, Yingli will actively cooperate with the court and the administrator in accordance with the law, fulfill its obligations, protect the legitimate rights and interests of all parties and communicate with related parties. Meanwhile, Yingli will also maintain regular production and operations and continue to undertake the existing orders and warranties of the subject of restructuring. The performance of labor contracts and salaries and benefits of employee will not be affected, and the legal rights and interests of suppliers and customers will be protected.

It is expected that after entering the restructuring period, Yingli will focus on the implementation of the restructuring plan, as well as the innovation of its business operations model, the optimization of capacity distribution, the upgrading of facility production lines, and the release of advanced technology reserves. The newly restructured Yingli will return to healthy development as its debt ratio is expected to drop to a medium or low level in the industry, and its cash flow will be greatly improved. Additionally, technological leadership and product competitiveness will be further enhanced to improve the stability and competitiveness of the industrial supply chain.