Jinko Power adjusts convertible bond price, appoints new director

Jinko Power Technology Co., Ltd. announced a downward revision of the conversion price for its "Jinko Convertible Bonds" from 5.21 yuan per share to 4.50 yuan per share, effective September 25, 2025. This decision followed the activation of a conversion price correction clause, as the company's stock price closed below 90% of the current conversion price for 15 out of 30 consecutive trading days. The board proposal was approved during an extraordinary general meeting on September 23, 2025, with 95.2972% of participating A-share votes in favor. Trading of the convertible bonds will be suspended for conversion on September 24, 2025, and resume on September 25, 2025, with the new price.

In related news, Mr. Hu Jianjun resigned as a non-independent director of Jinko Power, effective September 23, 2025, due to personal reasons. Concurrently, Ms. Xiao Yanju was elected as an employee representative director to the third board, effective from September 23, 2025, until the current term expires. Ms. Xiao, born in 1984, holds a master’s degree and serves as chairman of Jinko Energy Co., Ltd.'s supervisory board, among other roles.

The general meeting also approved several revisions to the company’s governance documents, including amendments to the articles of association and policies on related party transactions, external guarantees, external investments, and fundraising management.