Jinko Power: "Jinko convertible bonds" first resale notice

Jinko Power Technology Co., Ltd. (SSE: 601778) has issued its first indicative announcement regarding the optional resale of its "Jinko Convertible Bonds". Bondholders can sell their holdings back to the company at a price of CNY 100.27 per bond (including current interest). The resale period is from June 17, 2025, to June 23, 2025, with payment scheduled for June 26, 2025. During this period, conversion to stock will be suspended. The option is triggered because Jinko Power's stock price remained below 70% of the current conversion price for 30 consecutive trading days. Bondholders should be aware that the market price of "Jinko Convertible Bonds" currently exceeds the resale price. Jinko Power urges investors to carefully consider the potential risks associated with choosing to sell back their bonds.