Stock code: 688223 Stock abbreviation: Jingke Energy Announcement No.: 2024-038.
Bond Code: 118034 Bond Abbreviation: Jingneng Convertible Bond
JinkoSolar Limited
Announcement on the progress of the provision of guarantees
the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.
Important Content Tips:
Name of the Guarantor: JinkoSolar Co., Ltd. (hereinafter referred to as the "Company") Consolidated Statements
Within the scope of the subsidiary, the guarantor has no company related party.
Amount of this guarantee: the total amount of guarantee in this announcement of the company is RMB 5.379 billion yuan. Cut
As of the disclosure date of this announcement, the total amount of guarantee provided by the company to the holding subsidiary is 51.816 billion yuan.
Whether there is a counter-guarantee for this announcement: none.
The announcement of the guarantee has been reviewed and approved by the general meeting of shareholders of the company.
Overview of 1. guarantees
In order to meet the business development needs of the company and related subsidiaries, the company provides joint and several liability guarantee for subsidiaries to apply for financing from financial institutions. The total amount of guarantee in this announcement is RMB 5.379 billion (foreign exchange rate
Take the exchange rate announced by the State Administration of Foreign Exchange on May 31, 2024: 1 U.S. dollar to RMB 7.1088 yuan,
1 yen to RMB 0.0456), as follows:
1. Shangrao Jingke Energy No.3 Zhizao Co., Ltd. (hereinafter referred to as "Shangrao No.3 Zhizao") applied to Nanchang Branch of Industrial Bank Co., Ltd. for a main credit line of RMB 1.2 billion for a period of 8 years. The company provides joint and several liability guarantee for the above credit line, and the guarantee principal amount shall not exceed RMB 1.2 billion, subject to the signed guarantee agreement.
2. Shangrao Jingke Energy Zhizao Co., Ltd. (hereinafter referred to as "Shangrao Zhizao") applied to Nanchang Branch of Industrial Bank Co., Ltd. for a main credit line of RMB 0.6 billion for a period of 8 years. The company provides joint and several liability guarantee for the above credit line, and the guarantee principal amount shall not exceed RMB 0.6 billion, subject to the signed guarantee agreement.
3. Qinghai Jingke Energy Co., Ltd. (hereinafter referred to as "Qinghai Jingke") applies to the Chengbei Branch of Bank of Qinghai Co., Ltd. for a credit exposure of no more than RMB 0.4 billion, and the credit period does not exceed five years. The company provides joint and several liability guarantee for the above credit line, and the guarantee amount does not exceed RMB 0.4 billion, subject to the signed guarantee agreement.
4. Anhui Jingke Energy Co., Ltd. (hereinafter referred to as "Anhui Jingke") applied to Hefei Branch of Ping an Bank Co., Ltd. for a comprehensive credit exposure limit of no more than RMB 0.1 billion and a credit period of no more than one year. The company provides joint and several liability guarantee for the above-mentioned exposure credit line, with the guarantee amount of RMB 0.1 billion, subject to the signed guarantee agreement.
5. Anhui Jingke applied to the Hefei Branch of China Guangfa Bank Co., Ltd. for a comprehensive credit exposure line not exceeding RMB 0.2 billion, and the credit period does not exceed one year. The company provides joint and several liability guarantee for the above-mentioned exposure credit line, and the guarantee amount is RMB 0.2 billion Yuan, the specific guarantee agreement signed shall prevail.
6. Jingke Energy (Feidong) Co., Ltd. (hereinafter referred to as "Feidong Jingke") applied to Hefei Branch of Industrial Bank Co., Ltd. for a comprehensive credit exposure line not exceeding RMB 0.4 billion and a credit period not exceeding 2 years. The company provides joint and several liability guarantee for the above-mentioned exposure credit line, with the guarantee amount of RMB 0.4 billion, subject to the signed guarantee agreement.
7. Feidong Jingke applied to Feidong Sub-branch of Industrial and Commercial Bank of China Co., Ltd. for a comprehensive credit exposure line not exceeding RMB 0.15 billion and a credit period not exceeding one year. The company provides joint and several liability guarantee for the above-mentioned exposure credit line, and the guarantee amount is RMB 0.15 billion yuan, subject to the signed guarantee agreement.
8. JinkoSolar(Vietnam)IndustriesCompanyLimited (hereinafter referred to as "Jingke Vietnam Factory") Invests and develops Joint Stock Commercial Bank Jinpu Branch (Joint Stock Commercial Bank for Vietnam)
Investment and Development of Vietnam-Cam Pha Branch, BIDV Bank)
If the application for comprehensive credit exposure limit does not exceed US $0.2 billion and the credit period does not exceed 12 months, the company will provide joint and several liability guarantee for the above credit line, with the principal amount of US $0.2 billion, subject to the signed guarantee letter.
9. JinkoSolarJapan K.K (hereinafter referred to as "Japan Jingke") applies to the syndicate formed by the SumitomoMitsuiBankingCorporation as the arranging bank and the Correspondent Bank for a working capital credit exposure line not exceeding 2.9 billion yen and a credit period not exceeding one year. The company provides joint and several liability guarantee for the above credit line, and the guarantee principal amount shall not exceed 2.9 billion yen, subject to the signed guarantee agreement.
10. Jingke Energy (Haining) Co., Ltd. (hereinafter referred to as "Haining Jingke") applies to Jiaxing Haining Sub-branch of Zheshang Bank Co., Ltd. for a comprehensive credit exposure amount not exceeding RMB 0.25 billion yuan, and the credit period
No more than one year, the company shall provide joint and several liability guarantee for the above credit line, and the guarantee amount shall not exceed RMB 0.275 billion, subject to the signed guarantee agreement.
11. Haining Jingke applied to Jiaxing Branch of Guangfa Bank Co., Ltd. for a comprehensive credit exposure line not exceeding RMB 0.2 billion yuan and a credit period not exceeding one year. The company provides joint and several liability guarantee for the above credit line, and the guarantee amount shall not exceed RMB 0.2 billion yuan, subject to the signed guarantee agreement.
12. Jingke Energy (Yiwu) Co., Ltd. (hereinafter referred to as "Yiwu Jingke") applied to Yiwu Branch of Guangfa Bank Co., Ltd. for a credit exposure limit of no more than RMB 0.2 billion and a credit period of no more than one year. The company provides joint and several liability guarantee for the above credit line, with the principal amount of RMB 0.2 billion, subject to the signed guarantee contract.
13. Yuhuan Jingke Energy Co., Ltd. (hereinafter referred to as "Yuhuan Jingke") applied to Hangzhou Branch of Ping An Bank Co., Ltd. for a credit exposure limit of no more than RMB 0.1 billion and a credit period of no more than one year. The company provides joint and several liability guarantee for the above credit line, and the guarantee principal amount is RMB 0.1 billion, subject to the signed guarantee contract.
The 34th meeting of the first board of directors of the company, the 22nd meeting of the first board of supervisors, and the third extraordinary general meeting of shareholders in 2023 reviewed and approved the "Proposal on the Estimated Credit and Guarantee Line for 2024",
Agree that the Company shall be a subsidiary holding or wholly owned subsidiary for the period from January 1, 2024 to December 31, 2024.
The total amount of guarantee provided between the company and its subsidiaries is expected to not exceed RMB 85.331 billion. Within the amount of guarantee, the board of directors requests the general meeting of shareholders to authorize the chairman of the board of directors or the management of the company to adjust the amount of guarantee between wholly-owned subsidiaries and holding subsidiaries (including newly established wholly-owned subsidiaries and holding subsidiaries). The independent directors have expressed their express consent to the above-mentioned guarantee amount, and the sponsor has issued a statement on the above-mentioned guarantee amount.
The verification opinion agreed. For details, please refer to the Company's disclosure on the Shanghai Stock Exchange on December 9, 2023.
Announcement of Jingke Energy Co., Ltd. on the Expected Credit and Guarantee Line for 2024 (Announcement No. 2023-104).
The guarantee of this announcement is within the scope of the guarantee amount approved by the above-mentioned shareholders' meeting, and there is no need to perform the deliberation procedures of the board of directors or the shareholders' meeting again.
Basic information of the 2. guarantor
1. Shangrao Jingke Energy No.3 Zhizao Co., Ltd.
Type: Limited liability company (wholly owned by a legal person not invested or controlled by a natural person)
Address: No. 3, Yingbin Avenue, Shangrao Economic and Technological Development Zone, Jiangxi Province
Legal Representative: Chen Jingwei
Registered capital: 100 million yuan
Date of Establishment: July 14, 2023
Business scope: general items: manufacturing of electronic special materials, sales of electronic special materials, research and development of electronic special materials, manufacturing of photovoltaic equipment and components, sales of photovoltaic equipment and components, import and export of goods, import and export of technology (except for projects subject to approval according to law, independent business activities shall be carried out according to law with business license)
Shareholder structure: The company holds a 100 percent stake in Shangrao No.3.
Shangrao No. 3 Zhizao has good credit status, is not a person who has been executed for breach of trust, and has no significant contingencies affecting its solvency.
Shangrao No.3 Zhizao's latest year and another financial data:
Unit: ten thousand yuan
Project 31 December 2023 (audited) 31 March 2024 (unaudited)
Total assets 108,921.13 152,664.68
Total liabilities 107,147.83 154,688.15
Net assets 1,773.30 -2,023.46
2023 (audited) January-March 2024 (unaudited)
Operating income 4,749.67 67,197.71
Net profit -3,226.70 -3,796.77
2. Shangrao Jingke Energy Zhizao Co., Ltd.
Type: Limited liability company (wholly owned by foreign-invested enterprise legal person)
Address: No. 3, Yingbin Avenue, Shangrao Economic and Technological Development Zone, Jiangxi Province
Legal Representative: Xu Yongbing
Registered capital: 100 million yuan
Date of Establishment: June 8, 2023
Business term: June 8, 2023 to long-term
Business scope: general items: manufacturing of electronic special materials, sales of electronic special materials, research and development of electronic special materials, manufacturing of photovoltaic equipment and components, sales of photovoltaic equipment and components, import and export of goods, import and export of technology (except for projects subject to approval according to law, independent business activities shall be carried out according to law with business license)
Shareholder Structure: The Company holds a 100 per cent stake in Shangrao Jingke Zhizao.
Shangrao Jingke Zhizao has good credit standing, is not a defaulted executor, and has no significant or significant impact on its solvency.
There are matters.
Shangrao Jingke Zhizao's latest year and another financial data:
Unit: ten thousand yuan
Project 31 December 2023 (audited) 31 March 2024 (unaudited)
Total assets 131,431.81 176,077.47
Total liabilities 135,711.16 183,383.20
Net assets -4,279.35 -7,305.73
2023 (audited) January-March 2024 (unaudited)
Operating income 62,922.27 116,189.14
Net profit -6,279.35 -3,026.38
3, Qinghai Jingke Energy Co., Ltd.
Type: Limited liability company (wholly owned by a legal person not invested or controlled by a natural person)
Domicile: No.19, Planning No.5 Road, Xinzhuang Town, Huangzhong District, Xining City, Qinghai Province
Legal Representative: Chen Jingwei
Registered capital: 1,200 million yuan
Date of Establishment: April 3, 2019
Business term: April 3, 2019 to long-term
Business scope: R & D, processing, manufacturing, installation and sales of monocrystalline silicon rods, monocrystalline silicon wafers, polycrystalline ingots, polycrystalline silicon wafers, high-efficiency solar cells, modules and photovoltaic systems; import and export of goods and technologies (prohibited by the state or involving Except for the import and export of goods and technologies subject to administrative approval). (Involving licensed business projects, should obtain the relevant departments to operate) * * *
Shareholder structure: The company holds a 100 per cent stake in Qinghai Jingke.
Qinghai Jingke has good credit status, is not a breach of trust, and has no significant contingencies affecting its solvency.
Qinghai Jingke's latest year and another financial data:
Unit: ten thousand yuan
Project 31 December 2023 (audited) 31 March 2024 (unaudited)
Total assets 786,569.18 905,388.06
Total liabilities 622,772.46 750,912.33
Net assets 163,796.72 154,475.72
2023 (audited) January-March 2024 (unaudited)
Operating income 1,020,221.17 220,720.39
Net profit 61,179.21 -9,331.64
4, Anhui Jingke Energy Co., Ltd.
Type: Other Limited Liability Company
Domicile: No.1, Northeast Corner, Intersection of Longxing Avenue and Ruquan Road, Hefei Circular Economy Demonstration Park, Feidong County, Hefei City, Anhui Province
Legal Representative: Chen Jingwei
Registered capital: 1 billion yuan
Date of Establishment: September 3, 2021
Business term: September 3, 2021 to long-term
Business scope: general items: research and development of high-efficiency and energy-saving technologies in the power industry; technical services, technology development, technology consultation, technology exchange, technology transfer, technology promotion; non-ferrous metal alloy manufacturing; photovoltaic equipment and components manufacturing; photovoltaic equipment and components sales; import and export of goods; technology import and export; financial consulting; information consulting services (excluding licensing information consulting services); human resources services (excluding professional intermediary activities and labor dispatch services) (except for licensed business, projects that are not prohibited or restricted by laws and regulations can be operated independently in accordance with the law).
Shareholder structure: The company holds 75.14 percent of Anhui Jingke, Hefei Dongcheng Industrial Investment Co., Ltd. holds 24.86 percent of Anhui Jingke, Anhui Jingke is the company's holding subsidiary.
Anhui Jingke has good credit status, is not a breach of trust, and has no significant contingencies affecting its solvency.
Anhui Jingke's latest year and another financial data:
Unit: ten thousand yuan
Project 31 December 2023 (audited) 31 March 2024 (unaudited)
Total assets 783,256.35 713,809.44
Total liabilities 528,416.48 454,593.59
Net assets 254,839.87 259,215.84
2023 (audited) January-March 2024 (unaudited)
Operating income 1,159,358.62 198,202.38
Net profit 67,284.26 4,324.68
5. Jingke Energy (Feidong) Co., Ltd.
Type: Other Limited Liability Company
Domicile: No.1, Southwest Corner, Intersection of Longxing Avenue and Shichi Road, Hefei Circular Economy Demonstration Park, Feidong County, Hefei City, Anhui Province
Legal Representative: Chen Jingwei
Registered capital: 1 billion yuan
Date of Establishment: September 23, 2021
Business term: September 23, 2021 to long-term
Business scope: general projects: research and development of high-efficiency and energy-saving technologies in the power industry; technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion; non-ferrous metal alloy manufacturing; photovoltaic equipment and components manufacturing; photovoltaic equipment and components sales; import and export of goods; technology import and export (in addition to licensing business, can independently operate projects not prohibited or restricted by laws and regulations in accordance with the law).
Shareholder structure: The company holds 55% of the shares of Feidong Jingke, Anhui Province Hefei Circular Economy Demonstration Park Construction Investment Co., Ltd. holds 45% of the shares of Jingke Feidong, Feidong Jingke is the company's holding subsidiary.
Feidong Jingke has good credit status, is not a breach of trust, and has no material contingencies affecting its solvency.
Feidong Jingke's latest financial data for another year:
Unit: ten thousand yuan
Project 31 December 2023 (audited) 31 March 2024 (unaudited)
Total assets 542,217.01 584,567.90
Total liabilities 457,522.89 502,456.99
Net assets 84,694.12 82,110.91
2023 (audited) January-March 2024 (unaudited)
Operating income 1,117,725.94 193,487.90
Net profit 8,408.01 -2,592.50
Type: Overseas wholly-owned subsidiary of the company
Address: CN-XL-06, 11 - Song Khoai Industrial Park, Song Khoai Commune,
QuangYen Town, Quang Ninh Province, Vietnam.
Representative: Chen Jingwei
Registered capital: US $168,500,000
Date of Establishment: March 30, 2021
Business scope: production and sales of silicon rods, silicon wafers, battery chips and components
Shareholder Structure: The Company holds a 100 per cent stake in Jingke Vietnam's factory, which is a wholly-owned subsidiary of the Company.
Jingke Vietnam factory has good credit status, is not a breach of trust, and has no significant contingencies affecting its solvency.
Jingke Vietnam factory in the last year and a financial data:
Unit: ten thousand yuan
Project 31 December 2023 (audited) 31 March 2024 (unaudited)
1,260,607.46 1,360,462.44 of total assets
Total liabilities 1,092,942.141,104,549.26
Net assets 167,665.32 255,913.18
2023 (audited) January-March 2024 (unaudited)
Operating income 582,552.18 382,296.07
Net profit 52,155.98 87,974.72
7. Jinko Solar Japan KK (Japan Jinko)
Type: Overseas wholly-owned subsidiary of the company
Domicile: 9th Floor of Kyobashi Edogrand, 2-1 Kyobashi 2, Chuo-ku, Tokyo
Legal Representative: Miao Gen
Registered capital: 0.1 billion yen
Date of Establishment: May 21, 2012
Business scope: 1. Development, research, sales, import and export of solar power generation system and its peripheral equipment; 2. Power generation business and power sales using natural energy such as solar energy, wind power and geothermal energy; 3. Business consultant; 4. Attached
All business belonging to the former numbers.
Shareholder Structure: The Company holds a 100 per cent stake in Japan Jinko, which is a wholly-owned subsidiary of the Company.
Japan Jinko has good credit status, is not a breach of trust, and has no significant contingencies affecting its solvency.
Japan Jinko's latest year and another financial data:
Unit: ten thousand yuan
Project 31 December 2023 (audited) 31 March 2024 (unaudited)
Total assets 80,287.23 120,016.43
Total liabilities 75,547.42 115,439.42
Net assets 4,739.81 4,577.01
2023 (audited) January-March 2024 (unaudited)
Operating income 193,343.79 31,079.15
Net profit 362.91 324.84
8, Jingke Energy (Haining) Co., Ltd.
Type: Other Limited Liability Company
Domicile: 118 Anjiang Road, huangwan town, Haining City, Jiaxing City, Zhejiang Province (self-declaration)
Legal Representative: Chen Jingwei
Registered capital: 3,570 million yuan
Date of Establishment: December 15, 2017
Business Term: December 15, 2017 to December 14, 2067
Scope of business: general items: research and development of emerging energy technologies; Manufacturing of photovoltaic equipment and components; Sales of photovoltaic equipment and components; Manufacturing of high-performance fibers and composite materials; Manufacturing of non-ferrous metal alloys; Manufacturing of synthetic materials (excluding hazardous chemicals); Research and development of electronic special materials; Manufacturing of electronic special materials; Battery manufacturing; Engineering and technical research and experimental development; Import and export of goods (except for projects subject to approval according to law, with the business license to carry out business activities independently in accordance with the law). (The branch is located at 199 Xinyue Road, Huangwan Town, Haining City (self-declaration))
Shareholder structure: The Company holds 25.21 percent of the equity interest in Haining Jingke, 21.01 percent of the equity interest in Haining Sunshine Technology Town Investment Partnership (Limited Partnership), 51.40 percent of the equity interest in Jiaxing Science and Technology Union Investment Partnership (Limited Partnership) and 2.38 percent of the equity interest in Zhejiang Jingke Energy Co.
Haining Jingke has good credit standing, is not a breach of trust, and has no material contingencies affecting its solvency.
Haining Jingke's latest year and another financial data:
Unit: ten thousand yuan
Project 31 December 2023 (audited) 31 March 2024 (unaudited)
2,223,547.49 2,119,538.35 of total assets
Total liabilities 1,527,006.55 1,411,742.04
Net assets 696,540.94 707,796.31
2023 (audited) January-March 2024 (unaudited)
Operating income 3,137,621.02 619,430.42
Net profit 219,215.96 11,082.11
9, Jingke Energy (Yiwu) Co., Ltd.
Type: Other Limited Liability Company
Domicile: 1555 Chengxin Avenue, 23 Li Street, Yiwu City, Zhejiang Province (self-declaration)
Legal Representative: Chen Jingwei
Registered capital: 1,000 million yuan
Date of Establishment: September 19, 2019
Business term: September 19, 2019 to long-term
Business scope: research and development, manufacturing and sales of solar modules; research and development, manufacturing and sales of photovoltaic derivatives; technical consultation, technical services and sales of photovoltaic products; installation and commissioning of solar photovoltaic power generation system equipment; construction, commissioning and maintenance of solar photovoltaic power stations; self-operation and agency of import and export business of all kinds of commodities and technologies, except for commodities and technologies that are restricted or prohibited by the state. (For projects subject to approval according to law, business activities can only be carried out after approval by relevant departments)
Shareholder structure: The Company holds 60.8823 percent of the equity interest in Yiwu Jingke, 17.6471 percent of the equity interest in Yiwu Hongyi Equity Investment Fund Partnership (Limited Partnership), 21.4706 percent of the equity interest in Zhejiang Yixin Power Battery Co.
Yiwu Jingke has good credit status, is not a breach of trust by the executor, and has no significant contingent matters affecting its solvency.
Yiwu Jingke's latest financial data for another year:
Unit: ten thousand yuan
Project 31 December 2023 (audited) 31 March 2024 (unaudited)
Total assets 838,604.44 697,126.17
Total liabilities 566,531.70 424,340.28
Net assets 272,072.74 272,785.89
2023 (audited) January-March 2024 (unaudited)
Operating income 2,082,336.79 192,185.51
Net profit 68,418.56 -612.30
10, Yuhuan Jingke Energy Co.
Type: Limited liability company (wholly owned by foreign-invested enterprise legal person)
Domicile: 691 Hongtai Road, Qinggang Town, Yuhuan City, Zhejiang Province (self-declaration)
Legal Representative: Chen Jingwei
Registered capital: 1,000 million yuan
Date of establishment: July 29, 2016
Business term: July 29, 2016 to long-term
Business scope: new energy technology research and development; photovoltaic equipment technology research and development; photovoltaic equipment and components manufacturing and sales; import and export of goods, technology import and export. (For projects subject to approval according to law, business activities can only be carried out after approval by relevant departments)
Shareholder structure: Yuhuan Jingke is a 100 percent wholly-owned subsidiary of the Company.
Yuhuan Jingke has good credit status, is not an executor for breach of trust, and has no significant contingencies affecting its solvency.
Yuhuan Jingke's latest year and another financial data:
Unit: ten thousand yuan
Project 31 December 2023 (audited) 31 March 2024 (unaudited)
Total assets 232,040.23 310,649.49
Total liabilities 171,990.22 250,728,99
Net assets 60,050.01 59,920.50
2023 (audited) January-March 2024 (unaudited)
Operating income 317,425.95 134,052.75
Net profit 1,318.24 -131.33
The main contents of the 3. security agreement.
The main content of the (I) on the guarantee provided by Shangrao No. 3 Zhizao.
1, guarantee mode: joint and several liability guarantee guarantee.
2. Guarantee period: three years from the expiration date of the debt performance period for the specific business under the contract.
3, the scope of security: the scope of the guarantee under the guarantee contract in addition to the main claims described in this contract, it also includes the resulting interest (the interest referred to in this contract includes interest, penalty interest and compound interest), liquidated damages, damages, handling fees and other expenses incurred for signing or performing this contract, as well as the expenses (including but not limited to litigation costs, attorney's fees, travel expenses, etc.) incurred by the obligee to realize the security right and creditor's rights, and the security deposit required by the obligee according to the main contract.
The main contents of the (II) on the guarantee provided by Shangrao Zhizao.
1, guarantee mode: joint and several liability guarantee guarantee.
2. Guarantee period: three years from the expiration date of the debt performance period for the specific business under the contract.
3, the scope of security: the scope of the guarantee under the guarantee contract in addition to the main claims described in this contract, it also includes the resulting interest (the interest referred to in this contract includes interest, penalty interest and compound interest), liquidated damages, damages, handling fees and other expenses incurred for signing or performing this contract, as well as the expenses (including but not limited to litigation costs, attorney's fees, travel expenses, etc.) incurred by the obligee to realize the security right and creditor's rights, and the security deposit required by the obligee according to the main contract.
The main contents of the (III) on the guarantee provided by Qinghai Jingke.
1, guarantee mode: joint and several liability guarantee guarantee.
2. Guarantee period: The guarantee period is three years from the date of the performance of the main contract and the expiration of the period of performance of the debt by the debtor of the main contract.
3. Scope of guarantee: loan principal, interest, overdue interest, compound interest, penalty interest, liquidated damages under the main contract, as well as litigation fees, arbitration fees, property preservation fees, travel expenses, execution fees, assessment fees, auction fees, notary fees, inquiry fees, service fees, announcement fees and attorney fees actually incurred by Party A in order to realize the creditor's rights.
The main contents of the (IV) on the guarantee provided by Anhui Jingke.
1, guarantee mode: joint and several liability guarantee guarantee.
2. Guarantee period: three years after the expiration of the period of performance of the obligations of the specific business under the contract.
3. Scope of guarantee: the principal of the main claim and its interest, penalty interest, compound interest, breach of contract, damages, and the cost of realizing the claim and security rights arising under the contract.
Key elements of the (V)'s guarantee for Feidong Jingke
1, guarantee mode: joint and several liability guarantee guarantee.
2. Guarantee period: three years after the expiration of the period of performance of the obligations of the specific business under the contract.
3. Scope of guarantee: the principal of the main claim and its interest, penalty interest, compound interest, breach of contract, damages, and the cost of realizing the claim and security rights arising under the contract.
The main contents of the (VI) on the guarantee for the Vietnamese factory of Jinko.
1, guarantee mode: joint and several liability guarantee guarantee.
2. Guarantee Period: This guarantee letter shall take effect from the date of issue and shall remain in effect until the following later time:(a) 24 months from the date of issue; (B) the borrower shall fully repay all guarantee obligations and other related expenses (such as legal fees, guarantee execution costs and bank charges) to the bank.
3. Guarantee scope: All amounts payable under the credit contract (including its amendments and supplements), including but not limited to any principal, interest, fees, penalties, compensation and other financial obligations, as well as all other costs associated with it, such as legal fees, guarantee execution costs and bank charges.
Key elements of the (VII)'s guarantee for Japan's Jinko
1, guarantee mode: joint and several liability guarantee guarantee.
2. Guarantee period: The guarantee period of the guarantor is from the date of signing of the guarantee agreement to June 2028.
27.
3. Guarantee scope: All amounts payable under the credit contract (including its amendments and supplements), including but not limited to any principal, interest, fees, penalties, compensation and other financial obligations, as well as all other costs associated with it, such as legal fees, guarantee execution costs and bank charges.
Key elements of the (VIII)'s guarantee for Haining Jingke
1, guarantee mode: joint and several liability guarantee guarantee.
2. Guarantee period: three years from the expiration date of the debt performance period for the specific business under the contract.
3. Scope of guarantee: the principal of the main claim and its interest, penalty interest, compound interest, breach of contract, damages, and the cost of realizing the claim and security rights arising under the contract.
The main contents of the (IX) on the guarantee provided by Yiwu Jingke.
1, guarantee mode: joint and several liability guarantee guarantee.
2. Guarantee period: three years from the expiration date of the debt performance period for the specific business under the contract.
3. Scope of guarantee: the principal of the main claim and its interest, penalty interest, compound interest, breach of contract, damages, and the cost of realizing the claim and security rights arising under the contract.
The main contents of the (X) on the guarantee provided by Yuhuan Jingke.
1, guarantee mode: joint and several liability guarantee guarantee.
2. Guarantee period: three years from the expiration date of the debt performance period for the specific business under the contract.
3. Scope of guarantee: the principal of the main claim and its interest, penalty interest, compound interest, breach of contract, damages, and the cost of realizing the claim and security rights arising under the contract.
Reason and reasonableness of 4. guarantee
The above guarantees are for the operating capital needs of the company's wholly-owned subsidiaries and holding subsidiaries, and the guaranteed parties are all wholly-owned or holding subsidiaries of the company, with sound financial status, good credit status, solvency and anti-risk ability. Among the minority shareholders of the company's holding subsidiaries: the state-owned shareholders need to perform strict approval procedures for external guarantees, the remaining minority shareholders do not have the ability to provide guarantees, and the company has full control over the holding subsidiaries, the above guarantees are provided by the company in excess of the proportion of guarantees, the company's guarantee risk can be controlled.
5. Board Opinion
The above-mentioned financing guarantees are to meet the operating needs of the company's wholly-owned or holding subsidiaries, and are conducive to promoting the business development of the company's subsidiaries. They are all guarantees to the company's wholly-owned or holding subsidiaries, and the overall risk is controllable. The board of directors believes that the above guarantee does not harm the interests of the company and all shareholders, and complies with the relevant provisions of laws and regulations, regulatory documents and the "Articles of Association of Jingke Energy Co., Ltd.
Cumulative number of external guarantees and overdue number of 6.
As of the disclosure date of this announcement, the total amount of external guarantees provided by the company and its subsidiaries is 0 billion yuan, and the total amount of guarantees provided by the company to its holding subsidiaries is 51.816 billion yuan. The above amounts account for 150.80 of the latest audited net assets and total assets of the listed company.%, 39.22, the company has no overdue external guarantees.
It is hereby announced.
JinkoSolar Limited
Board of Directors
22 June 2024
Ticker Name
Percentage Change
Inclusion Date
