JinkoSolar to sell up to 300,156,075 A shares of Jiangxi Jinko

JinkoSolar (JKS) announced that, in order to raise funds for its business operations, the company intends to sell up to 300,156,075 A shares of Jiangxi Jinko, an indirect, majority-owned principal operating subsidiary of the company incorporated in the PRC whose A shares are listed on the Shanghai Stock Exchange’s Sci-Tech Innovation board, to certain institutional investors. The Sale of A Shares will be conducted through an inquiry transfer and placement pursuant to the rules of the Shanghai Stock Exchange. The purchase price per A share for the inquiry transfer and placement will be no less than 70% of the average trading price of the A shares of Jiangxi Jinko for the 20 consecutive trading days prior to the date of a subscription invitation sent to potential investors, in compliance with the rules of the Shanghai Stock Exchange. The completion of the Sale of A Shares is subject to market conditions.