Yingli Green Energy Announces Continued Listing Plan Accepted by the New York Stock Exchange
Yingli Green Energy Holding Company Limited (NYSE: YGE) (“Yingli Green Energy” or “the Company”), one of the world’s leading solar panel manufacturers, announced today that the New York Stock Exchange (“NYSE”) has accepted the Company’s plan for continued listing and has granted the Company an 18 month extension until August 9, 2018 to regain compliance with the NYSE’s continued listing standards. As a result, Yingli Green Energy’s ADSs will continue to be listed and traded on the NYSE, subject to quarterly reviews by the NYSE to monitor the Company’s progress against its plan to restore compliance with continued listing standards.
Yingli Green Energy previously announced on February 15, 2017 that it was below the NYSE’s continued listing standards related to market capitalization and shareholders’ equity. The Company subsequently submitted a plan to regain compliance to the NYSE. Yingli Green Energy will continue to work proactively with the NYSE to maintain the listing of its ADSs during the relevant compliance period.
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.