SHANGHAI, April 1, 2020 /PRNewswire/ --
JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar")
(NYSE: JKS), one of the largest and most innovative solar module
manufacturers in the world, today announced that Jinko Solar
Australia Holdings Co. Pty Ltd ("JinkoSolar Australia"), a
subsidiary of the Company, has signed a one-year AUD37 million line
of credit agreement with the National Australia Bank ("NAB").
According to the agreement, the line of credit will be reviewed
annually and includes AUD12 million of invoice financing and AUD25
million of bank guarantees. The financing will be used to expand
JinkoSolar Australia's business and supplement the working capital
of JinkoSolar Australia.
"Our brand's strong reputation for reliability and the long-term
sustainable growth we are able to generate has consistently been
recognized by leading financial institutions worldwide." Mr.
Charlie Cao, Chief Financial Officer
of JinkoSolar, commented, "As one of the largest banks in
Australia, NAB provides strong
financial support for us in very exciting times. We will continue
to strengthen our business in Australia to support the enormous growth
potential clean energy has in Australia."
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 11.5 GW for mono
wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of
December 31, 2019.
JinkoSolar has over 15,000 employees across its 7 productions
facilities globally, 14 overseas subsidiaries in Japan, South
Korea, Vietnam,
India, Turkey, Germany, Italy, Switzerland, United
States, Mexico,
Brazil, Chile and Australia, and global sales teams in
China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi
Arabia, Tunisia,
Morocco, Kenya, South
Africa, Costa Rica,
Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri
Lanka, Thailand,
Vietnam, Poland and Argentina.
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 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:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com
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SOURCE JinkoSolar Holding Co., Ltd.