SHANGRAO, China, June 21, 2021 /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 its holding subsidiary, Shangrao JinkoSolar
Industry Development Co., Ltd. plans to invest RMB315 million of monetary capital to increase
capital and shares in Inner Mongolia Xinte Silicon Materials Co.,
Ltd. ("Inner Mongolia Xinte"), a wholly-owned subsidiary of Xinte
Energy Co., Ltd. ("Xinte Energy") (HKEX: 1799). The investment will
be used for the construction of a high-purity polysilicon
production line with an annual capacity of 100,000 tons. After the
capital increase is completed, the Company will hold a 9.00% stake
in Inner Mongolia Xinte.
Mr. Kangping Chen, CEO of
JinkoSolar Co., Ltd., commented, "Xinte Energy is a leader in
polysilicon technology and industrialized operations. We are very
pleased to extend this close partnership with them, and remain
fully confident about the accelerated growth of the PV industry
over the next few years. We believe that this investment is not
only a solid growth strategy, but will help to stabilize silicon
material supply and reduce supply chain volatility. By cooperating
with upstream specialized manufacturers, we will continue to
strengthen the advantages of our integrated capacity and solidify
the foundation for mass production of high-efficiency modules
year-over-year. We will continuously work towards win-win
situations through deeper cooperation with our supply chain
partners, and jointly promote the development of the global solar
market and accelerate the transformation of green energy."
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 22 GW for mono wafers,
11 GW for solar cells, and 31 GW for solar modules, as of
December 31, 2020.
JinkoSolar has 9 productions facilities globally, 23 overseas
subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United
States, Mexico,
Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, 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 December 31, 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:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com
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SOURCE JinkoSolar Holding Co., Ltd.