SHANGRAO, China, July 6, 2022
/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 its
board of directors ("Board") has approved a share repurchase
program, which authorizes the Company to repurchase up to
US$200 million of its ordinary shares
represented by American depositary shares ("ADSs") during an
18-month period.
The Company's proposed repurchases may be made from time to time
on the open market at prevailing market prices in open-market
transactions, privately negotiated transactions or block trades,
and/or through other legally permissible means, depending on market
conditions and in accordance with the applicable rules and
regulations. The timing and conditions of the share repurchases
will be subject to various factors including the requirements under
Rule 10b-18 and Rule 10b5-1 of the
Exchange Act, as well as JinkoSolar's insider trading policy.
JinkoSolar plans to use its existing funds to fund repurchases made
under the share repurchase program.
Mr. Xiande Li, JinkoSolar's
Chairman of the Board and Chief Executive Officer, commented, "This
share repurchase program reflects our strong confidence in our
future prospects. Our sustained investments in technology and
product leadership, industry-leading integrated capacity structure
and global infrastructure have ideally positioned us to benefit
from the enormous growth opportunities this sector continues to
generate. We are committed to creating sustainable value for our
shareholders."
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, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.
JinkoSolar has built a vertically integrated solar product value
chain, with an integrated annual capacity of 40.0 GW for mono
wafers, 40.0 GW for solar cells, and 50.0 GW for solar modules, as
of March 31, 2022.
JinkoSolar has 12 productions facilities globally, 21 overseas
subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the
United States, Mexico,
Brazil, Chile, Australia, Canada, Malaysia, UAE, and Denmark, and global sales teams in mainland
China, the United States, Canada, Germany, Switzerland, Italy, Japan,
Australia, Korea, India, Turkey, Chile, Brazil, Mexico and Hong
Kong, as of March 31,
2022.
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 SEC, 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.