Yingli Green Energy Draws Down On Three-year Loan Facility

“We are very pleased to have made further progress in securing additional financing for our operations, which both strengthens our capital position and enhances our ability to expand our business in this challenging economic environment,” commented Mr. Zongwei Li, Director and Chief Financial Officer of Yingli Green Energy. “This initial cooperation with ADM Capital, in conjunction with the extension of our long-term cooperation with China Eximbank, is not only evidence of the market’s confidence in Yingli’s value proposition and business development potential, but also a reflection of the Company’s successful efforts to ensure our strong capital position.” ADM Capital Loan Facility Yingli Energy (China) Company Limited (“Yingli China”), a wholly owned subsidiary of the Company located in Baoding, China, has successfully drawn down the principal amount of US$50 million on the previously announced three-year loan facility provided by ADM Capital. The loan will provide the Company with additional financing for its production capacity expansion and general corporate purposes. In connection with the draw down of the loan, the Company granted ADM Capital 4,125,000 warrants under a Warrant Agreement between the Company and Deutsche Bank Luxembourg S.A., as warrant registrar, at an initial strike price of US$5.64. The warrants are exercisable with respect to approximately one-fifth of the warrants every six months starting from April 7, 2009, the draw down date of the loan, to April 7, 2012. On April 30, 2012, the warrantholders’ rights to exercise the warrants will terminate and the Company will be obligated to purchase all unexercised warrants at a price of US$7.00 per warrant. The Company may at its discretion settle the warrants in cash, shares or a combination of cash and shares.

China Eximbank RMB 1 Billion Credit Line
Yingli Green Energy also announced that one of its operating subsidiaries, Baoding Tianwei Yingli New Energy Resources Co., Ltd. (“Tianwei Yingli”), has entered into an export seller’s credit facility and an import credit facility with China Eximbank. Under the credit facilities, China Eximbank has agreed to provide Tianwei Yingli long-term credit lines of up to an aggregate amount of RMB 1 billion for a term of 18 months, RMB 700 million of which will accrue interest at a rate below the benchmark interest rate set by the People’s Bank of China. The new credit lines will replace all previous short-term credit lines in an aggregate amount of RMB 1 billion provided by China Eximbank which the Company announced in October 2008.

About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world’s leading vertically integrated PV product manufacturers. Through Baoding Tianwei Yingli New Energy Resources Co., Ltd., an operating subsidiary of the Company, Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model.