Yingli Corporation: Pledged 80% equity of the holding subsidiary to obtain no more than 46 million yuan acquisition loan.

Yingli Group announced that, in order to meet the needs of operation and business development, the company has signed a "Loan Contract" and "Right Pledge Contract" with the Shucheng Branch of Agricultural Bank of China, pledging 80% of the equity of its holding subsidiary, Nanchang Yingli, and applying for a merger and acquisition loan of no more than 46 million yuan to be used for the replacement and payment of Nanchang Yingli's capital increase. The pledge registration has been completed. This matter has been approved by relevant authorities and will not have a significant impact on the company's finances, operations, and independence, and will contribute to the company's long-term development.