JinkoSolar's Subsidiary Jinko Solar Co., Ltd. Completes IPO Registration with China Securities Regulatory Commission

Rhea-AI Summary

JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its subsidiary, Jinko Solar Co., Ltd., has completed the IPO registration process with the China Securities Regulatory Commission. This allows the subsidiary to enter the issuance process for its IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, pending market conditions. Chairman Xiande Li expressed optimism that this move will strengthen JinkoSolar's leadership in the photovoltaic industry. The company has a robust production capacity, including 31 GW for mono wafers and 36 GW for solar modules as of September 30, 2021.

Positive

• Completion of IPO registration for subsidiary Jinko Solar Co., Ltd.
• Potential access to China's fast-growing capital market to enhance company resources.
• Strong production capacity with 31 GW for mono wafers and 36 GW for solar modules.

Negative

• IPO consummation dependent on market conditions, introducing uncertainty.

SHANGRAO, China, Dec. 28, 2021 /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, according to the information published by the China Securities Regulatory Commission ("CSRC"), its principal operating subsidiary Jinko Solar Co., Ltd. ("Jiangxi Jinko") has completed its initial public offering ("IPO") registration process with the CSRC and will soon enter the issuance process for its IPO on the Shanghai Stock Exchange's Sci-Tech innovation board. The consummation of the IPO is subject to, among other things, market conditions.

Mr. Xiande Li, JinkoSolar's Chairman of the Board of Directors and Chief Executive Officer, commented, "We are very pleased that Jiangxi Jinko will soon enter the issuance process for its IPO and gain access to the fast-growing capital market in China, which we believe will further strengthen our leadership in the PV industry."

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 Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 31 GW for mono wafers, 19 GW for solar cells, and 36 GW for solar modules, as of September 30, 2021.

JinkoSolar has 9 productions facilities globally, 22 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of September 30, 2021.

For more information:  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 U.S. Securities and Exchange Commission, 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 otherwise.

For investor and media inquiries, please contact:

In China:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com

Mr. Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

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SOURCE JinkoSolar Holding Co., Ltd.

FAQ

What recent announcement did JinkoSolar make regarding its subsidiary Jinko Solar Co., Ltd.?

JinkoSolar announced that its subsidiary has completed the IPO registration process with the China Securities Regulatory Commission.

What is the significance of the IPO for Jinko Solar Co., Ltd.?

The IPO will allow Jinko Solar Co., Ltd. to access the capital markets, potentially strengthening JinkoSolar's leadership in the photovoltaic industry.

What is the current production capacity of JinkoSolar?

As of September 30, 2021, JinkoSolar has a capacity of 31 GW for mono wafers and 36 GW for solar modules.

What factors could affect the IPO of Jinko Solar Co., Ltd.?

The consummation of the IPO is subject to market conditions, which could introduce uncertainty.

What stock symbol does JinkoSolar operate under?

JinkoSolar operates under the stock symbol JKS on the NYSE.