Jinko Power extends 27 bn yuan in new guarantees for subsidiaries

Jinko Power Technology (Jinko Power) has provided guarantees for its wholly-owned subsidiaries, including Shanghai Jinko Solar Power Co., Shanghai Jinghuang Electric Power Co., Jinko Power Energy Holding, S.L.U., Hengfeng County Jinglu Electric Power Co., and Feidong County Jingdou Photovoltaic Power Generation Co. The total amount of newly added guarantees in this announcement is 27 billion yuan, bringing the aggregate outstanding guarantee balance for these entities to 90.86 billion yuan. This falls within the previously approved annual guarantee plan.

The guarantees include a 24 billion yuan pledge for Shanghai Jinko Solar Power Co. and 3 billion yuan for Shanghai Jinghuang Electric Power Co. Additionally, Jinko Power Energy Holding, S.L.U. has secured a €945,600 letter of guarantee from BBVA Spain. These arrangements are crucial for meeting operational funding needs and advancing the company's asset-light strategy, as outlined in the annual guarantee plan approved on January 23, 2025.

As of the disclosure date, Jinko Power and its controlled subsidiaries' external guarantee balance stands at 2.02 trillion yuan, representing 127.53% of the company's latest audited net assets attributable to shareholders. Guarantees for controlled subsidiaries alone amount to 1.73 trillion yuan. There are no overdue external guarantees.