Yingli Green Energy Holding Company Limited has recently signed an agreement with a state-owned enterprise to supply 260 MW high-efficiency solar panels for the Zhangbei Internet Plus Smart Energy Demonstration Project, located in National Renewable Energy Demonstration Zone in Zhangjiakou City, Hebei Province. This is a new demonstration that customers' confidence in Yingli is gradually recovering with its debt restructuring going forward. Since entering the implementation phase in 2019, Yingli's debt restructuring has progressed remarkably. The restructuring plan has been recognized by all stakeholders including creditors, the governments, the court and several detailed working arrangements have been introduced. All parties are working hard to proceed with the judicial process. Within the judicial process, the company will cooperate with the court and administrator in accordance with the law to ensure the normal operation of the company. The principles of the debt restructuring are protecting creditors interests to the greatest extent and promoting the company' long term sustainable development based on marketization and rule of law.