Yingli Restructured Its European Headquarters in Madrid

BAODING, China and MADRID, Spain, Nov. 27, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli" or "Yingli Solar"), one of the world's leading solar panel manufacturers, today announced that it has completed the restructure of sales network in Europe and relocated its European headquarters in Madrid, Spain.

The purpose of the restructure is to centralize all operations of Europe, through a full integrated operations and strategic business activities on a pan-European level, across core key markets, thanks to a qualified team with a success track record within the group in the last decade. 

Mr. Fernando Calisalvo, who has a Degree of Master of Arts in Management, has been appointed as Managing Director of Yingli Green Energy Europe S.L.U. ("Yingli Europe", the former Yingli Green Energy Spain S.L.U.).  He has more than 13 years' experience in the PV Industry and 11 years at Yingli with an accumulated sales volume above 2GW within his achievements in Africa, Europe and Latin America.

"The restructure of Yingli Europe will leave us a more centralized sales network in Europe. It will improve our operational efficiency and cost effectiveness in Europe," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli. "We believe that, as a veteran in Yingli and PV industry, Mr. Fernando can help us to better serve customers in Europe and other overseas markets due to his proven track record and achievements."

"The new structure will aloud to adapt our teams faster and efficiently to the new market conditions. I am enthusiastic and confident on the bright future of the growing PV demand's trend and the good positioning of Yingli due to our high quality and reliable products recognized worldwide", said Mr. Fernando Calisalvo, the Managing Director of Yingli Europe.

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 18 GW solar PV modules 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.

For further information, please contact:

In China

Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: [email protected]

In Europe

Carolina Calisalvo
Marketing & Communication Manager
Yingli Green Energy Europe S.L.U.
Tel: +34 91 843  67 26
E-mail: [email protected]

SOURCE Yingli Green Energy Holding Company Limited