SHANGRAO, China, Jan. 26, 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 the Company's principal operating
subsidiary, Jinko Solar Co., Ltd. ("Jiangxi Jinko"), has completed
its initial public offering ("IPO") process and started trading on
the Shanghai Stock Exchange's Sci-Tech innovation board (SSE, code:
688223) on January 26, 2022.
Jiangxi Jinko has issued 2,000,000,000 shares representing
approximately 20% of the total 10,000,000,000 shares outstanding
after the IPO. The shares were issued at a public offering price of
RMB5.00 per share and the total gross
proceeds of the IPO are approximately RMB10.00 billion. After the IPO, JinkoSolar owns
approximately 58.62% of Jiangxi Jinko. On the first trading day of
January 26, 2022, Jiangxi Jinko's
shares closed at RMB10.55 per share,
up 111.00% as compared to the IPO price.
Mr. Xiande Li, JinkoSolar's
Chairman of the Board of Directors and Chief Executive Officer,
commented, "We are thankful for this opportunity and are very
excited to have reached this milestone so efficiently. We must
first give the utmost credit to the diligent work and efforts of
our team. As we continue to scale and grow, having access to
capital will boost our competitiveness as we leverage our
network and resources accumulated over the years to strengthen our
leading position in the global PV industry. Looking ahead, we are
confident to achieve continuous growth and are committed to
creating sustainable value for all our shareholders both in
China and globally."
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 31 GW for mono wafers,
19 GW for solar cells, and 36 GW for solar modules, as of
September 30, 2021.
JinkoSolar has 9 productions facilities globally, 22 overseas
subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United
States, Mexico,
Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Denmark, and global sales teams in
China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi
Arabia, Tunisia,
Morocco, South Africa, Costa
Rica, Colombia,
Panama, Kazakhstan, Malaysia, Myanmar, Sri
Lanka, Thailand,
Vietnam, Poland and Argentina, as of September 30, 2021.
For more information: 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:
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
View original
content:https://www.prnewswire.com/news-releases/jinkosolars-subsidiary-jinko-solar-co-ltd-completes-its-ipo-process-and-starts-trading-on-the-shanghai-stock-exchange-301468421.html
SOURCE JinkoSolar Holding Co., Ltd.