SHANGRAO, China, Jan. 13, 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, is in the process of applying for an initial public offering
("IPO") of the Company's principal operating subsidiary, Jinko
Solar Co., Ltd. ("Jiangxi Jinko"), on the Shanghai Stock Exchange's
Sci-Tech innovation board. Jiangxi Jinko's IPO pricing has been
announced by the Shanghai Stock Exchange.
Jiangxi Jinko plans to issue 2,000,000,000.00 shares
representing approximately 20% of the total 10,000,000,000.00
shares outstanding after the IPO. Of the shares issued in the IPO,
600,000,000.00 shares will be issued via direct placement to
cornerstone investors including China National Social Security
Fund, Shenzhen Capital Group, China Life Insurance, Taiping Life
Insurance, China Insurance Investment Fund, State Power Investment
Corporation, China Energy Investment Corporation, Shanghai Guosheng
Group, Shangrao Binjiang Investment, Haining Jianshan New District
Development Corporation, China Securities Investment, as well as to
Jiangxi Jinko Asset Management Plans, which are funded by Jiangxi
Jinko management team and core employees.
The proposed pricing of the IPO is RMB5.00 per share. The estimated total gross
proceeds of the IPO is expected to be approximately RMB10.00 billion. After the IPO, JinkoSolar will
own approximately 58.62% of Jiangxi Jinko. The issuance and
subscription date of the IPO is expected to be January 17, 2022. The final IPO share placement
and share allocations are expected to be confirmed on January 20, 2022.
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
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
Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Denmark, and global sales teams in
China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi
Morocco, South Africa, Costa
Panama, Kazakhstan, Malaysia, Myanmar, Sri
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
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Mr. Rene Vanguestaine
Tel: + 86 178 1749 0483
In the U.S.:
SOURCE JinkoSolar Holding Co., Ltd.