Jinko Solar-动态详情

SHANGHAI – Oct 11, 2016 – JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”), a global leader in the photovoltaic industry, today announced that Wide Wealth Group Holding Limited, a 55%-owned indirect subsidiary of the Company, has entered into a Share Purchase Agreement (the “SPA”) with Shangrao Kangsheng Technology Co., Ltd. (the “Buyer”), a company incorporated with limited liability under the laws of the People’s Republic of China, formed by a buyer consortium led by Mr. Xiande Li, chairman of the board of directors of the Company (the “Board”). Subject to satisfaction or waiver of the SPA’s terms and conditions, the Buyer will acquire all of the 55% equity interest indirectly held by JinkoSolar in Jiangxi JinkoSolar Engineering Co., Ltd., a developer and operator of solar power projects in the People’s Republic of China, for a total consideration of US$250 million in cash (the “Purchase Price”). Through this transaction, JinkoSolar will spin off all its downstream business of Jinko Power and get US$250 million in cash. The transaction is currently expected to close during the fourth quarter of 2016. The Buyer intends to fund the Purchase Price with personal funds and debt financing. The Board, acting upon unanimous recommendation of a committee of independent directors established by the Board (the “Special Committee”), unanimously approved the SPA and the transactions contemplated thereby. The Special Committee, which is composed solely of independent and disinterested directors, negotiated the terms of the SPA with the assistance of its financial and legal advisors. In connection with the execution of the SPA and the performance of the transactions contemplated thereby, Duff & Phelps, LLC is serving as financial advisor to the Special Committee; Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal advisor to the Special Committee; and Jun He Law Offices is serving as PRC legal advisor to the Special Committee. Credit Suisse (Hong Kong) Limited is serving as financial advisor to the Buyer; and Troutman Sanders LLP is serving as U.S. legal advisor to the Buyer.

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Legal Statement

About JinkoSolar Holding Co., Ltd.

Jinko Solar Co., Ltd. (the “Company”, or “Jinko Solar”) (SSE: 688223) is one of the most famous and innovative solar technology companies in the world. Its business covers the core links of the photovoltaic industry chain, focusing on the R&D of integrated photovoltaic products and integrated clean energy solutions. At present, Jinko Solar's products serve more than 3,000 customers in more than 160 countries and regions around the world, and the company has ranked No.1 in global module shipments from 2016 to 2019. By the end of Q1,2023, the cumulative module shipments of Jinko Solar have exceeded 150GW. Jinko Solar is an industry opinion leader under various international frameworks such as B20, and it is also one of the first solar energy companies to join the RE100 green initiative.

Jinko Solar is the first company to establish a "vertically integrated" production capacity from silicon material processing to wafer, cell and module production in the industry. It has a total of 14 global production bases in China, the United States, Malaysia and Vietnam. JinkoSolar expects its annual production capacity for mono wafer, solar cell and solar module to reach 75.0 GW, 75.0 GW and 90.0 GW, respectively, by the end of 2023. Jinko Solar has more than 1,000 R&D and technical employees and has won many honors such as "National Enterprise Technology Center", "National Technology Innovation Demonstration Enterprise", "Champion of Manufacturing ", and has formulated many international and domestic industry standards such as IEC. Jinko Solar continuously expands the diversified application scenarios of photovoltaic technology, including building-integrated photovoltaic, photovoltaic hydrogen production, energy storage and other fields, and strives to create a new energy ecosystem.

Jinko Solar was listed on the STAR Board of the Shanghai Stock Exchange in 2022, and JinkoSolar Holding Co., Ltd., its indirect controlling shareholder, was listed on the New York Stock Exchange in 2010.

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

JinkoSolar Enters Into Definitive Agreement for the Sale of Jinko Power Downstream Business in China

Legal Statement