Jinko Power's controlling shareholder significantly reduces pledged shares

Jinko Power Technology Co., Ltd. (SSE:601778) announced on September 25, 2025, that its controlling shareholder, Jinko New Energy Group Co., Ltd. (Jinko Group), has released a significant portion of its pledged shares. On September 24, 2025, Jinko Group completed the unpledging of 289,255,347 unrestricted circulating shares that were previously pledged to Industrial Bank Co., Ltd., Shanghai Branch. This transaction represents 33.89% of Jinko Group's total holdings and 8.10% of Jinko Power's total share capital.

Following this release, Jinko Group now holds 853,400,000 shares in Jinko Power, representing 23.90% of the company's total share capital. The total number of pledged shares held by Jinko Group has decreased to 222,000,000 shares. This updated figure constitutes 26.01% of Jinko Group's total shareholding in Jinko Power and 6.22% of Jinko Power's total share capital.

Jinko Group currently has no further plans for share pledges following this release. The company has affirmed that the remaining pledged shares do not pose risks of forced liquidation or transfer. Jinko Power pledges to continue monitoring its controlling shareholder's share pledge activities and ensure timely disclosure of information, urging investors to be aware of potential risks.