JinkoSolar's Sichuan Manufacturing Facilities Subjected to Power Rationing Measures

<br /> JinkoSolar’s Sichuan Manufacturing Facilities Subjected to Power Rationing Measures<br />

PR Newswire

SHANGRAO,

China

,

Aug. 22, 2022

/PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that since

August 15, 2022

, the local government of

Sichuan

province, where certain of JinkoSolar’ s manufacturing facilities are located, has imposed province-wide power rationing measures to ease the power shortage in the region. As a result of these measures, the production capacity of JinkoSolar’ s manufacturing facilities in

Sichuan

province has been temporarily affected.

JinkoSolar is actively monitoring the situation and has implemented various measures to minimize the adverse impact from the power rationing on its business operations and financial performance, including but not limited to having its other manufacturing facilities assume more production, and actively communicating with the local government about power supply related matters. However, as it remains uncertain how long the power rationing measures will persist and when JinkoSolar’s

Sichuan

manufacturing facilities can resume full production, JinkoSolar is currently unable to evaluate the extent to which its business operation and financial performance for full year 2022 will be affected.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in

China

,

the United States

,

Japan

,

Germany

, the

United Kingdom

,

Chile

,

South Africa

,

India

,

Mexico

,

Brazil

, the

United Arab Emirates

,

Italy

,

Spain

,

France

,

Belgium

,

Netherlands

,

Poland

,

Austria

,

Switzerland

,

Greece

and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 40.0 GW for mono wafers, 40.0 GW for solar cells, and 50.0 GW for solar modules, as of

March 31, 2022

.

JinkoSolar has 12 productions facilities globally, 21 overseas subsidiaries in

Japan

,

South Korea

,

Vietnam

,

India

,

Turkey

,

Germany

,

Italy

,

Switzerland

,

the United States

,

Mexico

,

Brazil

,

Chile

,

Australia

,

Canada

,

Malaysia

, UAE, and

Denmark

, and global sales teams in mainland

China

,

the United States

,

Canada

,

Germany

,

Switzerland

,

Italy

,

Japan

,

Australia

, Korea,

India

,

Turkey

,

Chile

,

Brazil

,

Mexico

and

Hong Kong

, as of

March 31, 2022

.

To find out more, please see:

www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the SEC, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In

China

:

Ms.

Stella Wang

JinkoSolar Holding Co., Ltd.

Tel: +86 21-5180-8777 ext.7806

Email:

[email protected]

Mr. Rene Vanguestaine

Christensen

Tel: +86 178 1749 0483

Email:

[email protected]

In the U.S.:

Ms.

Linda Bergkamp

Christensen,

Scottsdale, Arizona

Tel: +1-480-614-3004

Email:

[email protected]