Jinko Power launches plan to boost share value

Jinko Power Technology (SSE:601778) has announced a comprehensive plan to boost its investment value and enhance shareholder returns. This move follows a prolonged period where the company's stock price has consistently traded below its net asset value per share, triggering the need for a valuation enhancement strategy as per regulatory guidelines. The plan encompasses several key initiatives, including improving core business operations, exploring strategic mergers and acquisitions to expand into emerging sectors, and implementing share repurchase programs when appropriate. Jinko Power is also committed to increasing cash dividends, promoting employee stock ownership, strengthening investor relations through enhanced communication and transparent disclosures, and encouraging major shareholders to increase their holdings. In order to engage shareholders, Jinko Power will hold a shareholder meeting to discuss strategies to improve shareholder sentiment. While the valuation enhancement plan aims to improve shareholder confidence, the Company indicated that the ultimate success of the plan depends on many factors, including market conditions and policies, which may be difficult to predict.