JinkoSolar Completes Sale of 300M A Shares in Jiangxi Jinko Unit.

JinkoSolar, a leading solar module manufacturer, has completed the sale of 300 million A shares of Jiangxi Jinko, its majority-owned subsidiary, to institutional investors at RMB4.90 per share. The sale was conducted through an inquiry transfer and placement on the Shanghai Stock Exchange's Sci-Tech Innovation Board. After the sale, JinkoSolar owns approximately 55.59% equity interest in Jiangxi Jinko.

JinkoSolar Holding Co., Ltd. (NYSE:JKS), a leading global solar module manufacturer, has completed the sale of 300,156,075 A shares of its subsidiary Jinko Solar Co., Ltd. (Jiangxi Jinko) to institutional investors. The shares were sold at RMB4.90 per share through an inquiry transfer and placement on the Shanghai Stock Exchange's Sci-Tech Innovation Board JinkoSolar Announces Completion of Sale of A Shares in Its Subsidiary, Jinko Solar Co., Ltd., through Inquiry Transfer and Placement^[2].

Following this transaction, JinkoSolar maintains a controlling interest with approximately 55.59% equity stake in Jiangxi Jinko, which continues to operate as the company's principal operating subsidiary in China JinkoSolar Announces Completion of Sale of A Shares in Its Subsidiary, Jinko Solar Co., Ltd., through Inquiry Transfer and Placement^[2].

The sale was part of JinkoSolar's strategy to improve its cash position and business flexibility, supporting future operations and resilience to market risks How JinkoSolar’s Partial Stake Sale in Jiangxi Jinko (JKS) Has Changed Its Investment Story^[1]. The company had previously announced plans to sell up to 300.2 million A shares of Jiangxi Jinko to qualified institutional investors, reducing its stake from 58.59% to about 55.59% How JinkoSolar’s Partial Stake Sale in Jiangxi Jinko (JKS) Has Changed Its Investment Story^[1].

The transaction is expected to strengthen JinkoSolar's cash flows and enhance its capacity for future shareholder returns, reinforcing long-term shareholder value JinkoSolar to Sell 3% Stake in Main Unit Jiangxi Jinko^[3]. The sale was conducted at a price no less than 70% of the average trading price of the A shares for the last 20 consecutive trading days, indicating a market-driven valuation JinkoSolar to Sell 3% Stake in Main Unit Jiangxi Jinko^[3].

JinkoSolar's Chairman and Chief Executive Officer, Xiande Li, stated that the sale of A shares will strengthen the company's cash flows, improve its cash position, support its ongoing business operations, and enhance its resilience to risks JinkoSolar to Sell 3% Stake in Main Unit Jiangxi Jinko^[3].