SHANGRAO, China, Dec. 16, 2020 /PRNewswire/ -- JinkoSolar Holding
Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), one of the
largest and most innovative solar module manufacturers in the
world, today announced that it has filed a prospectus supplement to
sell up to an aggregate of US$100,000,000 of its American depositary shares
("ADSs"), each representing four ordinary shares, through an
at-the-market equity offering program. The ADSs will be offered
through Credit Suisse and Barclays as sales agents.
Sales, if any, of the ADSs under the at-the-market equity
offering program will be made from time to time, at the Company's
discretion, by means of ordinary broker transactions on or through
the New York Stock Exchange (the "NYSE") or other markets for its
ADSs, sales made to or through a
market maker other than on an exchange, or otherwise in negotiated transactions at market prices prevailing at the time of sale or at negotiated prices,
or as otherwise agreed with the sales agents. JinkoSolar intends to
use the net proceeds from the sales of its ADSs for its production
capacity expansion and other general corporate purposes. The
production capacity expansion will be conducted mainly through
Jiangxi Jinko, a 73.3% owned subsidiary of the Company in
China, and therefore certain
amount of the net proceeds from this offering will be transferred
to Jiangxi Jinko in the form of intercompany loan. The intercompany
loan will be made for up to three years at an interest rate equal
to the then U.S. dollar LIBOR for one-year term loans plus 200
basis points.
The ordinary shares represented by ADSs will be offered under
the Company's shelf registration statement on Form F-3, which
became effective on December 16,
2020. A prospectus supplement dated December 16, 2020 and a related base prospectus
(included in the Company's shelf registration statement on Form
F-3) describing the terms of the offering have been filed with the
Securities and Exchange Commission (the "SEC"). Investors are
advised to read the prospectus supplement and the related base
prospectus and other documents the Company has filed with the SEC
for more complete information about the Company and the
at-the-market offering. A copy of the prospectus supplement and the
related base prospectus may be obtained from Credit Suisse
Securities (USA) LLC, Attention:
Prospectus Department, One Madison Avenue, New York, NY, 10010, by phone at (800)
221-1037, or by e-mail at newyork.prospectus@credit-suisse.com; and
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New
York 11717, by phone toll free at 1-888-603-5847, or by
email at barclaysprospectus@broadridge.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor will there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction. The offering may be made only by means
of a prospectus supplement and the related base prospectus.
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 20 GW for mono wafers,
11 GW for solar cells, and 25 GW for solar modules, as of
September 30, 2020.
JinkoSolar has 9 productions facilities globally, 21
overseas subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United
States, Mexico,
Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Hong
Kong, Denmark, 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, as of September 30, 2020.
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:
In China:
Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com
Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com
In the U.S.:
Ms. Linda Bergkamp
Christensen
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE JinkoSolar Holding Co., Ltd.