Yingli Energy has held its first shareholders meeting, with the Baoding Yingli and Baoding Yingli Runshi enterprise management companies representing the government investment and debt-to-equity platforms respectively.
Among topics discussed and voted on were proposed amendments to the company’s articles of association and election of members of the board of directors and board of supervisors, with a report on Yingli China’s operations also distributed to attendees. All resolutions were approved unanimously.
At the same time, Yingli China’s first board meeting and supervisory board meeting were held. The board of directors unanimously passed a resolution to elect Yin Xulong as chairman and to appoint Xiong Jingfeng as general manager. The supervisory board elected Zhou Yongzhong as its chairman.
Yin Xulong commented that the first shareholder meeting of Yingli China was a key step in the implementation of its restructuring plan and the starting point for the company to embark on a new journey. With the improvement of its corporate governance structure, Yingli China will be able to unload its heavy historical burdens and move forward from a more favourable position.
Going forward, the company will base its planning on the core goal of returning to the forefront of the industry, focusing on research and development and enhancing its innovation capabilities, building efficient production capacity and improving product competitiveness.