Jinko Power provides $825.14m in new guarantees for subsidiaries

Jinko Power Technology Co., Ltd. announced that it has provided new guarantees totaling 825.14 million yuan to its wholly-owned and majority-owned subsidiaries. This latest round of guarantees falls within the 16.6 billion yuan annual guarantee plan approved by shareholders on January 23, 2025. The total outstanding guarantee balance, including this transaction, now stands at 906.20 million yuan.

The guarantees support financing for various subsidiaries, including facilities for projects by Jian De Jing Hui Photovoltaic Power Generation Co., Ltd. and Jinko Power Energy Holding, S.L.U., among others. The overall external guarantee balance for Jinko Power Technology and its controlled subsidiaries reached 19.86 billion yuan as of the announcement date, representing 125.09% of the company's net assets attributable to shareholders in the latest audited period.

The company's board of directors stated that the guarantees are necessary for daily operations and business development, believing the risks are manageable given that the guaranteed entities are consolidated subsidiaries. There are no overdue external guarantees reported.