Baoding Yingli Group Company Limited Announces Sale of Cyber Power.

BAODING, China -- Baoding Yingli Group Company Limited ("Yingli Group" or the "Group"), a company wholly owned by Mr. Liansheng Miao, the chairman of the board of directors and chief executive officer of Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that its affiliate, Grand Avenue Group Limited ("Grand Avenue"), a company controlled by Mr. Liansheng Miao, completed the sale of Cyber Power Group Limited ("Cyber Power") to Yingli Green Energy.

Pursuant to a share purchase agreement (the "Agreement") entered into between Grand Avenue and Yingli Green Energy, Grand Avenue sold to Yingli Green Energy 100% of the issued and outstanding share capital of Cyber Power. Cyber Power, through Fine Silicon Co., Ltd. ("Fine Silicon"), its principal operating subsidiary in China, is a development stage enterprise with plans to begin production of solar-grade polysilicon in the second half of 2009.

Pursuant to the Agreement, Yingli Green Energy paid Grand Avenue approximately US$77.6 million, of which US$25.0 million had been paid in November 2008 pursuant to the previously announced binding letter of intent relating to the Cyber Power acquisition. Proceeds from the Cyber Power acquisition have been used by Grand Avenue to repay in full all of its outstanding indebtedness incurred to date in connection with the construction of the polysilicon operations of Fine Silicon. All of the shares in Yingli Green Energy held beneficially by Mr. Liansheng Miao through Yingli Power Holding Company Ltd. that have been pledged to secure the indebtedness of Grand Avenue are expected to be released in due course.

About Yingli Group

Yingli Group was established in 1987 and is a multi-industry group covering energy, chemical products, high-tech, manufacturing, trading, finance, real estate and other sectors, with its focus on renewable energy. Yingli Group's listed affiliate, Yingli Green Energy Holding Company Limited, is one of the world's leading vertically integrated PV product manufacturers. Through Yingli Green Energy's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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.