BAODING, China, April 28, 2017 /PRNewswire/ -- Yingli Green
Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy"
or the "Company"), one of the world's leading solar panel
manufacturers, known as "Yingli solar," today announced that it has
filed with the Securities and Exchange Commission a Form 12b-25
(the "Form 12b-25") to extend by fifteen days the due date for
filing its annual report on Form 20-F for the fiscal year ended
December 31, 2016 (the "2016 Form
20-F").
The Company is unable to file the 2016 Form 20-F on or before
the prescribed due date of May 1,
2017 without unreasonable effort or expense, because the
Company needs more time to prepare and review its consolidated
financial statements as of and for the year ended December 31, 2016 and notes thereto, especially
those related to the Company's liquidity, debt restructuring and
alternative financing plans as previously disclosed by the Company
in its press release dated April 13,
2017. The Company also needs more time to finalize
assessment of its internal control over financial reporting and to
finalize related disclosures in the Form 20-F. As disclosed in the
Company's press release dated April 13,
2017, there is substantial doubt as to the Company's ability
to continue as a going concern and the Company expects to disclose
the same in the Form 20-F.
The Company's management expects that the 2016 Form 20-F will be
filed on or before May 16, 2017.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE),
known as "Yingli Solar" or "Yingli",
is one of the world's leading solar panel
manufacturers. Yingli'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 has more than 20 regional
subsidiaries and branch offices and has distributed more than 17 GW
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.
Forward-looking statements involve risks, uncertainties and other
factors that could cause actual results to differ materially from
those contained in any such 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:
Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
Email: ir@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited