(JinkoSolar, 18.Apr.2024) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that as of the date of this press release, the company has repurchased a total of 3,246,425 ADSs in an aggregate amount of approximately US$82.5mn in the open market under its share repurchase program announced in July 2022 and the extended share repurchase program announced in Dec. 2023.
On 20 Dec. 2023, the company extended its share repurchase program announced on 6 Jul. 2022 for an additional 18-month period through 30 Jun. 2025. As of the date of this press release, approximately US$117.5mn of the company’s ordinary shares represented by the ADSs under the extended share repurchase program had not been utilized.
The company may continue to repurchase its ADSs through open-market transactions, privately negotiated transactions or block trades, and/or other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations. The timing and conditions of the share repurchases will be subject to various factors including the requirements under Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as well as the company’s insider trading policy.
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