Yingli Green Energy Announces Changes to Its Board of Directors

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Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or "the Company"), one of the world's leading solar panel manufacturers, announced that Mr. Xiangdong Wang has resigned from his position as an executive director of the Company due to personal reasons.

The Company's board of directors has appointed Mr. Jingfeng Xiong, a vice president of the Company, to replace Mr. Wang as an executive director effective as of March 3, 2017.

Mr. Jingfeng Xiong joined the Company in 2000. He served as the Company's vice president and Chief Engineer since 2008 and has been responsible for the Company's manufacturing, research and development with rich experience in operation management, technology improvement and technical innovation. He has led the Company's Project PANDA, a research and development project for high efficiency monocrystalline PV cells. Mr. Xiong has planned many other innovation programs and made outstanding contributions by optimizing operations and automating production lines to improve yield rates, enhance cost savings and increase production efficiencies. In addition, he has been playing a key role in the over-all planning of procurement, production and sales along with the Company's strategic adjustments in recent years. He received a bachelor's degree in electronics in 1999 from Hebei University and his EMBA degree from Nankai University in China.

"I'm pleased to welcome Mr. Xiong to the board of directors. I believe his operational and technical expertise will make him a valuable contributor to the board," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of the Company. "I would also like to personally thank Mr. Wang for his valuable contributions to the board."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited , 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.

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