On the evening of September 12, Jinko Solar announced that shareholder Jinko Solar Investment Co., Ltd. and its parties acting in concert intend to transfer a combined total of approximately 400 million shares, accounting for 4% of the company’s total share capital, through an inquiry-based placement. The placement will be organized and executed by CITIC Securities.
According to the shareholder inquiry-based placement plan disclosed by Jinko Solar, the transferors in this placement are Jinko Solar Investment, Shangrao Runjia Enterprise Management Development Center (Limited Partnership), Shangrao Zhuoling No. 2 Enterprise Development Center (Limited Partnership), and Shangrao Kaitai No. 2 Enterprise Development Center (Limited Partnership). As of now, these four shareholders hold 58.59%, 3.16%, 2.17%, and 0.87% of Jinko Solar’s shares, respectively, with the latter three collectively holding 6.2% of the company’s shares. These four shareholders are parties acting in concert and are all under the actual control of Jinko Solar’s ultimate controllers, Li Xiande, Chen Kangping, and Li Xianhua.
Jinko Solar stated that this inquiry-based placement is due to the shareholders’ own funding needs. According to information disclosed in the semi-annual report, as of the end of June 2025, the shares held by these shareholders in Jinko Solar were not pledged or frozen. This also marks the first major shareholder reduction since Jinko Solar’s listing. On January 26, 2022, Jinko Solar went public on the A-share market, and by January 26, 2025, the shares held by the aforementioned shareholders planning to reduce their holdings were released from lock-up restrictions.
