Jinko Power's controlling shareholder extends share pledge terms

Jinko Power Technology (SSE:601778) announced today that its controlling shareholder, Jinko Group, has extended the pledge period for 137.5 million company shares. The shares, representing 3.85% of Jinko Power's total equity, were originally scheduled to mature on June 6, 2025, and have been extended to December 5, 2025. Following this extension, Jinko Group's total pledged shares in Jinko Power remain unchanged at 511,255,347, representing 59.91% of its holdings and 14.32% of Jinko Power’s total share capital. According to the announcement, the funds raised from the share pledge are used to support Jinko Group’s operations, and the Group possesses the financial capacity to meet its repayment obligations, with funding sources including operating income and investment income.