Stock code: 688223 Stock abbreviation: JinkoSolar Announcement No.: 2025-006

Bond code: 118034 Bond abbreviation: Jingneng convertible bond

JinkoSolar Corporation

Announcement on the progress of the sale of equity in the subsidiary

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

1. Transaction Overview

JinkoSolar Co., Ltd. (hereinafter referred to as the "Company") held its first meeting on May 23, 2023

The 28th meeting of the 1st Board of Directors and the 19th meeting of the 1st Board of Supervisors will be held on June 14, 2023

The 2022 Annual General Meeting of Shareholders was held to deliberate and approve the "Proposal on the Sale of 100% Equity of Subsidiaries", and agreed to sell 100% of the equity of Xinjiang JinkoSolar Co., Ltd. (hereinafter referred to as "Xinjiang Jinko" or "Target Company", now renamed as "Xinjiang Shibang Solar Technology Co., Ltd.") held by the Company to Ziyang Major Industry Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Heavy Industry Fund") and the entity jointly designated by Dong Shihong (hereinafter referred to as the "Transaction"). This transaction does not constitute a connected transaction, nor does it constitute a major asset restructuring as stipulated in the Administrative Measures for Material Asset Restructuring of Listed Companies. For details, please refer to the company's 2023 report

On May 25, 2023 and June 15, 2023, respectively on the website of the Shanghai Stock Exchange (www.sse.com.cn)

JinkoSolar Co., Ltd. Announcement on the Sale of 100% Equity Interest in the Subsidiary (Announcement No.: 2023-038) and Announcement of Resolutions of JinkoSolar Co., Ltd. 2022 Annual General Meeting of Shareholders (Announcement No. 2023-043) disclosed by JinkoSolar.

On December 26, 2023, the Company held the first meeting of the second session of the Board of Directors and the second session of the Board of Supervisors

At the first meeting, the "Proposal on Signing the Supplementary Agreement of the Subsidiaries" was deliberated <股权收购协议>and approved, and it was agreed that the Company and Heavy Industry Fund, Dong Shihong and Sichuan Shiyang Green Energy Technology Co., Ltd. (hereinafter referred to as "Shiyang Green Energy Technology" or "Counterparty") signed the "Supplementary Agreement on the Equity Acquisition Agreement of Xinjiang JinkoSolar Co., Ltd. (1)" and "Supplemental Agreement on the Equity Acquisition Agreement of Xinjiang JinkoSolar Co., Ltd. (2)"

(hereinafter collectively referred to as the "Supplemental Agreement"), the details of which are detailed in the Company's announcement on Shanghai Securities on December 27, 2023

"JinkoSolar Co., Ltd. on the Sale of Subsidiaries" disclosed on the website of the exchange (www.sse.com.cn).

Announcement on Equity Progress and Signing of the Supplemental Agreement (Announcement No. 2023-115).

On February 26, 2024, the company has received the first installment of equity transfer paid by the counterparty Shiyang Green Energy Technology

With a transfer of RMB 1.2 billion, Xinjiang Jinko completed the industrial and commercial change registration. Details of the progress of this transaction are detailed

The company was published on the website of the Shanghai Stock Exchange on February 27, 2024 and July 3, 2024, respectively

(www.sse.com.cn) JinkoSolar Co., Ltd.'s Progress Announcement on the Completion of the Industrial and Commercial Change Registration for the Sale of the Equity of the Subsidiary (Announcement No.: 2024-006) and the Progress Announcement of JinkoSolar on the Sale of the Equity of the Subsidiary (Announcement No.: 2024-040) disclosed by JinkoSolar.

Second, the latest progress of the transaction

According to the relevant provisions of the Supplemental Agreement, the counterparty of the transaction, Shiyang Green Energy Technology, should be no later than 2024

On June 30, the Company paid the second tranche of the transfer price of RMB1.5 billion for the transaction. As of this announcement

On the end of the day, the company only received 394 million yuan from the second phase of the equity transfer payment of Shiyang Green Energy Technology, specifically

For details, please refer to the Company's disclosure on the website of the Shanghai Stock Exchange (www.sse.com.cn) on July 30, 2024

JinkoSolar Co., Ltd. Announcement on the Progress of the Sale of Equity in Subsidiaries (Announcement No. 2024-048).

In order to protect the legitimate rights and interests of the company, the company's management will continue to actively promote negotiations with Shiyang Green Energy Technology and urge it to fulfill the remaining payment obligations in a timely manner. The company has made provision for bad debts according to the aging of the accounts

The age of other receivables is 6-12 months, the provision ratio is 5.00%, and the provision for bad debts is 55.30 million yuan

The total profit for 2024 should be reduced by 55.30 million yuan, which is subject to the annual financial report audited by the annual audit accountant.

The company will continue to pay attention to the follow-up progress of this transaction, in accordance with the provisions of relevant laws, regulations and systems, timely fulfill the obligation of information disclosure, please pay attention to the investment risks.

The announcement is hereby made.

JinkoSolar Corporation

board of directors

January 18, 2025