JinkoSolar to Sell Up to 300M A Shares to Raise Funds for Operations

JinkoSolar, a leading solar module manufacturer, plans to sell up to 300 million A shares in its subsidiary Jiangxi Jinko to raise funds for operations. The sale will be conducted through an inquiry transfer and placement on the Shanghai Stock Exchange's Sci-Tech Innovation Board. The purchase price per share will be no less than 70% of the average trading price of Jiangxi Jinko's A shares over the past 20 trading days.

JinkoSolar Holding Co., Ltd. (NYSE: JKS), a leading solar module manufacturer, has announced plans to sell up to 300,156,075 A shares of its subsidiary, Jinko Solar Co., Ltd. (Jiangxi Jinko), through an inquiry transfer and placement on the Shanghai Stock Exchange's Sci-Tech Innovation Board. The sale aims to raise funds for the company's business operations.

The inquiry transfer and placement will be conducted in compliance with the rules of the Shanghai Stock Exchange. The purchase price per A share will be no less than 70% of the average trading price of Jiangxi Jinko's A shares over the past 20 trading days, as of September 12, 2025. The completion of the sale is subject to market conditions.

The sale is expected to reduce JinkoSolar's equity stake in Jiangxi Jinko from approximately 58.59% to 55.59%. According to Mr. Xiande Li, Chairman and Chief Executive Officer of JinkoSolar, the sale will strengthen the company's cash flows, improve its cash position, support ongoing business operations, and enhance resilience to risks while preserving capacity for future shareholder returns.

JinkoSolar is one of the largest and most innovative solar module manufacturers globally, distributing its products and solutions to a diversified international customer base. As of June 30, 2025, the company operated over 10 production facilities and had over 20 overseas subsidiaries, with a global sales network in multiple countries.