Yingli Green Energy Holding Company Limited 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. 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.