SHANGRAO, China, July 28,
2022 /PRNewswire/ -- JinkoSolar Holding Co., Ltd.
("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and
most innovative solar module manufacturers in the world, today
announced that Jinko Solar Co., Ltd. ("Jiangxi Jinko"), its
majority-owned principal operating subsidiary, intends to issue
convertible bonds (the "Convertible Bonds") in the principal
amount of up to RMB10 billion (the
"Convertible Bond Issuance"). The Convertible Bonds, which
will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation
Board, have a term of six years and are convertible into Jiangxi
Jinko's ordinary shares. The net proceeds from the Convertible Bond
Issuance will be used for (i) construction and development of
certain solar cell and module production projects by Jiangxi Jinko,
and (ii) working capital for Jiangxi Jinko.
The completion of the proposed Convertible Bond Issuance is
subject to the review process by the Shanghai Stock
Exchange and the registration process by the China
Securities Regulatory Commission.
The Company currently owns approximately 58.62% equity interest
in Jiangxi Jinko and has special preemptive rights to subscribe for
a portion of the Convertible Bonds.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative
solar module manufacturers in the world. JinkoSolar distributes its
solar products and sells its solutions and services to a
diversified international utility, commercial and residential
customer base in China,
the United States, Japan, Germany, the United
South Africa, India, Mexico, Brazil, the United
Arab Emirates, Italy,
Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.
JinkoSolar has built a vertically integrated solar product value
chain, with an integrated annual capacity of 40.0 GW for mono
wafers, 40.0 GW for solar cells, and 50.0 GW for solar modules, as
of March 31, 2022.
JinkoSolar has 12 productions facilities globally, 21 overseas
subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the
United States, Mexico,
Brazil, Chile, Australia, Canada, Malaysia, UAE, and Denmark, and global sales teams in mainland
China, the United States, Canada, Germany, Switzerland, Italy, Japan,
Australia, Korea, India, Turkey, Chile, Brazil, Mexico and Hong
Kong, as of March 31,
To find out more, please see: www.jinkosolar.com
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Among other things, the quotations from management in this press
release and the Company's operations and business outlook, contain
forward-looking statements. Such statements involve certain risks
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks is included in
JinkoSolar's filings with the SEC, including its annual report on
Form 20-F. Except as required by law, the Company does not
undertake any obligation to update any forward-looking statements,
whether as a result of new information, future events or
For investor and media inquiries, please contact:
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Mr. Rene Vanguestaine
Tel: +86 178 1749 0483
In the U.S.:
Ms. Linda Bergkamp
SOURCE JinkoSolar Holding Co., Ltd.