Stock code: 688223 Stock abbreviation: JinkoSolar Announcement No.: 2024-087

Bond code: 118034 Bond abbreviation: Jingneng convertible bond

JinkoSolar Corporation

Announcement on the expected daily related party transactions in 2025

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

Need to submit to the General Meeting of Shareholders for consideration: Yes

Impact of Routine Connected Transactions on Listed Companies: JinkoSolar Co., Ltd. (hereinafter referred to as the "Company") expects that the daily connected transactions in 2025 are based on the needs of the Company's daily production and operation, follow the principle of market pricing, and the pricing is objective, reasonable and fair, and there is no harm to the interests of the Company and non-affiliated shareholders. The related parties that the company chooses to cooperate with have a high performance ability, which is conducive to the continuous development of the company's daily business, and the company's main business will not become dependent on related parties and will not affect the company's independence.

1. Basic information on daily related party transactions

(1) Procedures for the review of routine related party transactions

1. Voting at the special meeting of independent directors

On December 10, 2024, the Company held the fourth special meeting of the independent directors of the second session of the Board of Directors to:

With 3 votes in favor, 0 abstentions, and 0 votes against, the "About the Expected 2025 Date" was deliberated and adopted

Proposal of Regular Related Party Transaction", and agreed that the company would submit the proposal to the 13th meeting of the second board of directors for deliberation.

2. The voting of the board of directors and the recusal of affiliated directors

On December 10, 2024, the company held the thirteenth meeting of the second board of directors, and the associate director Li Xian

Mr. De, Mr. Chen Kangping and Mr. Li Xianhua abstained from voting on the proposal, and the other non-affiliated directors deliberated and passed the "Proposal on Expected Daily Related Party Transactions in 2025" with 4 votes in favor, 0 abstentions, and 0 votes against.

3. Voting of the board of supervisors

On December 10, 2024, the company held the ninth meeting of the second session of the board of supervisors, with 3 votes in favor and 0 votes

With abstentions and 0 votes against, the "Proposal on Expected Routine Related Party Transactions in 2025" was deliberated and passed.

4. It still needs to be reviewed by the general meeting of shareholders

The twelfth meeting of the second board of directors and the second session of supervisors of the company held on October 30, 2024

In order to further develop and utilize the roof resources of the company's new production capacity and supplement the power demand for daily production and operation, Zhejiang Jinko Energy Storage Co., Ltd. (hereinafter referred to as "Zhejiang Jinko Energy Storage"), a subsidiary of the company, signed the "Energy Management Agreement for Distributed Rooftop Photovoltaic Power Stations" with a subsidiary of Jinko Power Technology Co., Ltd. (hereinafter referred to as "Jinko Power"). The total amount of related party transactions involved in the construction of a rooftop distributed photovoltaic power station project in the area of Zhejiang Jinko Energy Storage Plant is expected to be 262.81 million yuan (the estimated amount during the overall operation period of the project).

count). For details, please refer to the company's website on the Shanghai Stock Exchange on October 31, 2024

(www.sse.com.cn) JinkoSolar Co., Ltd. Announcement on Signing Routine Connected Transaction Agreements with Related Parties (Announcement No. 2024-075) as disclosed.

In order to further develop and utilize the rooftop resources of the company's newly built plant and supplement the power demand for daily production and operation, Hefei Jinko Photovoltaic Materials Co., Ltd. (hereinafter referred to as "Hefei Jinko Photovoltaic Materials"), a wholly-owned subsidiary of the Company, intends to sign the "Energy Management Agreement for Distributed Rooftop Photovoltaic Power Stations" with a subsidiary of Jinko Power, a related party, to invest in the construction of a rooftop distributed photovoltaic power station project in the Hefei Jinko Photovoltaic Materials Plant, with a total related party transaction amount of 7,200 yuan 10,000 yuan (the total amount expected during the overall operation period of the project). According to the relevant provisions of the Rules Governing the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, this matter did not meet the standards for deliberation and disclosure by the board of directors.

According to the relevant provisions of the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, the amount of related party transactions involved in the above matters together with the estimated amount of routine related party transactions in 2025 has reached the standard for consideration by the general meeting of shareholders, so the expected matters of daily related party transactions in 2025 still need to be submitted to the general meeting of shareholders for deliberation, and the controlling shareholders of the company and other legal or natural persons who have an interest in this proposal need to abstain from voting on the above proposals at the general meeting of shareholders.

(2) The estimated amount and type of the daily related party transaction

The Company and its subsidiaries are expected to have related party transactions related to their daily operations in 2025 with an aggregate amount of no exceeding

Over RMB56,709,000, the details are as follows:

Unit: RMB 10,000 yuan

January 2024 This time it is expected

Daily association accounts for the same kind from January to October accounts for the same kind of amount and above

Related party related person transactions 2025 business ratio on the 31st day and related party business ratio actual year

Transaction Content Estimated Amount Difference Between Accrued Amount Incurred by Case

The transaction amount of the category varies greatly

[note 1] Causes[note 2]

electricity

market

Chemical Intersection 3,500.00 0.69% 2,357.69 0.57% Not applicable

Easy phase

Shut down

Jinko Technology

technology and its substation

Procurement Subsidiary Station 300.00 1.15% 154.64 0.71% Not applicable

Commodities Maintenance

and reception

Labor-saving energy

Renovation 250.00 0.05% 219.00 0.05% N/A

business

serve

Zhejiang new

Ruixinke procurement

Technology Co., Ltd. King Kong 22,800.00 0.47% 11,372.58 0.21% Not applicable

Limited public lines

manage

Sales company based

Group 20,000.00 0.29% 35,450.84 0.47% Market demand

pieces, flexible adjustment

Jinko Bracket sales plan

Sales technology and its sales

Commodities Subsidiaries Energy Storage

System 8,000.00 0.11% 4,363.43 0.06% N/A

and phases

Close

prepare

Jiangxi gold

Novo Supply Supply

Financing Chain Management Chain Gold 1,000.00 0.01% 515.59 0.01% N/A

Limited Accommodation

manage

Jinko for rent

Technology and its properties 850.00 47.74% 412.80 37.57% Not applicable

Subsidiary

Associated with Jin Neng

Leasing fund-raising funds

Management Rental 9.00 0.51% 0.71 0.06% N/A

(On Property.)

Sea) Yes

Limited to companies

Total 56,709.00 54,847.28

Concentrate:

1. The cumulative transaction amount between the companies listed above and related parties from January 1 to October 31, 2024

Unaudited.

2. The "actual amount incurred in the previous year" listed in this item refers to the actual amount of related party transactions from January to October 2024.

(3) The projection and implementation of the previous routine related party transaction

In 2024, the approved quota and actual implementation of the Company's daily related party transactions are as follows:

Unit: RMB 10,000 yuan

Daily off January 1 to 10, 2024 estimated amount vs. actual

Joint Transaction Related Party Related Party Transaction Previous Estimated Amount Cumulative amount difference with related party on March 31

Category Content [Note 1] Amount of Transactions Incurred [Note Reasons for the Significant Difference.]

2]

Electricity market

Trading phase 2,100.00 2,357.69 Not applicable

Jinko Power's related services

and its sub-public power 910.00 667.76 Not applicable

Buyer Division

Energy Saving Renovation 250.00 219.00 N/A

product and business services

Subject to labor Zhejiang new

Ruixinke industrial chain product price

Technology shares purchase King Kong 25,000.00 11,372.58 grid significant decline,

Limited public lines result in the purchase amount

Division reduces

The price of products in the industrial chain

The sales group of the seller Jinko Power has dropped sharply,

Products and mentions and their sub-parts, brackets 65,000.00 35,450.84 Downstream developer view

Labor Supply Division Market dynamics

Adjust the purchase plan

Draw, so the amount is phased

should be lowered

The price of products in the industrial chain

The grid has dropped dramatically,

Sales of energy storage downstream developers see

Equipment 20,000.00 4,363.43 Market dynamics

Adjust the purchase plan

Draw, so the amount is phased

should be lowered

Jiangxi Jinnuo

Financing Supply Chain Management Supply Chain Finance 1,000.00 515.59 N/A

Limited Justice

manage

Affiliated with Jinko Power

Rental and sub-public rental properties 1,250.00 412.80 N/A

manage

Total 115,510.00 55,359.69

Concentrate:

1. The Company's previous routine related party transaction is expected to be held at the first session of the Board of Directors on December 8, 2023

The 34th meeting, the 22nd meeting of the 1st Supervisory Board and the 2023 meeting held on 26 December 2023

The third extraordinary general meeting of shareholders deliberated and approved. For details, please refer to the company's Shanghai Stock Exchange on December 9, 2023

The website (www.sse.com.cn) disclosed the "JinkoSolar Co., Ltd. on the Expected 2024 Annual Routine Relationship

Announcement of the transaction (Announcement No. 2023-105), published on the website of the Shanghai Stock Exchange on December 27, 2023

(www.sse.com.cn) Announcement on the Resolution of the Third Extraordinary General Meeting of Shareholders of JinkoSolar Co., Ltd. in 2023 (Announcement No. 2023-112) as disclosed.

2. The above-listed companies have accumulated transactions with related parties from January 1 to October 31, 2024

unaudited.

2. Introduction of related persons and description of related relationships

1. Jinko Power

Company name Jinko Power Technology Co., Ltd

Company Type: Company limited by shares (Sino-foreign joint venture, listed)

The registered capital is 357,0954,622 yuan

Date of establishment July 28, 2011

Open from July 28, 2011 to no fixed period

Residence: No. 63, West National Road, Cenyang Town, Hengfeng County, Shangrao City, Jiangxi Province

Legal representative: Li Xiande

Actual controllers: Li Xiande, Chen Kangping, Li Xianhua

Licensed items: power generation business, transmission business, power supply (distribution) business, power transmission, power supply, and power receiving business

Installation, maintenance and testing of facilities, construction engineering design, construction engineering construction (subject to approval in accordance with law

Business scope projects, approved by the relevant departments before business activities can be carried out, and specific business projects are approved by relevant departments

Documents or permits shall prevail) General projects: project management services, solar power generation technical services, wind

Hydropower generation technical services, energy-saving management services, contract energy management, and investment activities with its own funds

(Except for projects subject to approval in accordance with the law, independently carry out business activities with a business license in accordance with the law)

Description of Affiliation Jinko Power is an enterprise controlled by the actual controller of the company, according to the "Shanghai Stock Exchange Science and Technology Innovation Board Stocks

According to Rule 15.1(15) of the Listing Rules, Jinko Power is an affiliated legal person of the Company.

Related Party Transactions in the Early Stage Jinko Power has a good financial position and credit standing, normal business conditions, good reputation and performance performance and performance ability, and can strictly abide by the contract in the process of cooperation with the company, and has strong performance ability. Approximate ability analysis

Key Financial Data of Related Persons as of September 30, 2024:

Unit: RMB 10,000 yuan

Total assets 4,324,661.56

Net worth 1,570,376.29

Operating income was 388,954.74

Net profit was 22,650.28

Note: The above data is unaudited.

2. Zhejiang Xinruixin Technology Co., Ltd. (hereinafter referred to as "Xinruixin Technology")

Company name: Zhejiang Xinruixin Technology Co., Ltd

Type of company Company Limited by shares (unlisted, invested or controlled by natural persons)

The registered capital is 60 million yuan

Date of establishment December 13, 2016

Operating period December 13, 2016 to long-term

Address: No. 72, Anjiang Road, Jianshan New District, Haining City, Jiaxing City, Zhejiang Province

Legal representative: Li Xianhua

General projects: technical services, technology development, technical consultation, technical exchanges, technology transfer, technology promotion

Wide range of business; metal tool manufacturing; technology import and export; import and export of goods (except for projects subject to approval in accordance with the law,

Carry out business activities independently in accordance with the law with a business license). (The business premises of the branch are located in: Jia, Zhejiang Province.)

No. 30, Anren Road, Huangwan Town, Haining City, Xingshi City (self-declaration))

Xinruixin Technology is an enterprise controlled by Li Xianhua, one of the actual controllers of the company, according to the Shanghai Stock Exchange

Description of Affiliation According to Article 15.1(15) of the Rules Governing the Listing of Stocks on the STAR Market, Xinruixin Technology is an affiliate of the Company

Juridical person.

Related party transactions in the early stage Xinruixin Technology has good financial status and credit status, normal business conditions, good reputation and performance and performance ability, and can strictly abide by the contract in the process of cooperation with the company, and has strong performance ability. Approximate ability analysis

Key Financial Data of Related Persons as of June 30, 2024:

Unit: RMB 10,000 yuan

Total assets 43,104.49

Net worth 24,832.76

Operating income 9,073.51

Net profit -2,166.94

Note: The above data is unaudited.

3. Jiangxi Jinnuo Supply Chain Management Co., Ltd. (hereinafter referred to as "Jinnuo Supply Chain")

Company name: Jiangxi Jinnuo Supply Chain Management Co., Ltd

Type of company: Other limited liability company

The registered capital is 50,000,000 RMB

Date of establishment September 4, 2019

The operating period is from September 4, 2019 to September 3, 2039

Residence: 5th Floor, Building 3, International Financial Industrial Park, No. 22, Xingyuan Avenue, Shangrao Economic and Technological Development Zone, Jiangxi Province

Legal representative: Yi Tongbo

supply chain management and related supporting services; domestic and foreign trade; international and domestic trade agency; General cargo

Loading, unloading and warehousing business (except dangerous goods); Road general freight, road cargo special transport, roads

transportation of large items; Enterprise management consulting, business information consulting (finance, securities, insurance, futures)

outside the scope of business); sales of mineral products, non-ferrous metal materials, hardware and electrical equipment; Coal, cement,

sales of steel, fly ash and building materials; computer software and hardware development; Rental of machinery and equipment (not included.)

system); Automobiles and auto parts, primary agricultural products, machinery and equipment (excluding special equipment), meters

Computer and communication equipment (excluding satellite ground receiving facilities), daily necessities, clothing fabrics and accessories

Sell. (For projects subject to approval in accordance with the law, business activities can only be carried out after approval by relevant departments)

Jinyuan Huaxing Financial Leasing Co., Ltd. is the company's actual controller, Li Xiande and Chen Kangping, as directors

Description of Affiliation, Jinnuo Supply Chain is a subsidiary of Jinyuan Huaxing Holdings, according to the "Shanghai Stock Exchange Science and Technology Innovation Board Stocks

According to Rule 15.1(15) of the Listing Rules, JUNO Supply Chain is an affiliated legal person of the Company.

Related party transactions in the early stage The financial status and credit status of Jinnuo supply chain are good, the operation is normal, it has a good reputation and performance and performance ability, and can strictly abide by the contract in the process of cooperation with the company, and has a strong performance ability. Approximate ability analysis

Key Financial Data of Related Persons as of September 30, 2024:

Unit: RMB 10,000 yuan

Total assets 271,017.89

Net worth 31,205.59

Operating income 260,503.72

Net profit was 2,332.73

Note: The above data is unaudited.

4. Jinneng Private Equity Fund Management (Shanghai) Co., Ltd. (hereinafter referred to as "Jinneng Private Equity")

Company name: Jinneng Private Equity Fund Management (Shanghai) Co., Ltd

Company Type: Limited Liability Company (Sole Proprietorship of Hong Kong, Macao and Taiwan Legal Persons)

The registered capital is 3 million US dollars

Date of Establishment September 27, 2021

The period of operation is 2021-09-27 until the indefinite period

Residence: Room 706, No. 1, Lane 1466, Shenchang Road, Minhang District, Shanghai

Legal representative: Li Junfeng

General projects: private equity investment fund management, venture capital fund management services (must be in China Securities

Business Scope Investment Fund Industry Association can only engage in business activities after completing the registration and filing). (Except for those subject to approval in accordance with law.)

Outside the project, independently carry out business activities with a business license in accordance with the law)

Jinneng Private Equity is a 100% shareholding enterprise of JinkoSolar Investment Co., Ltd., the controlling shareholder of the company

Description of Affiliation Article 15.1 (15) of the Rules Governing the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, Jinneng Private Placement is public

Affiliated legal persons of the Division.

Related Party Transactions in the Early Stage Jinneng Private Equity has good financial status and credit status, normal business conditions, good reputation and performance implementation and performance ability, and can strictly abide by the contract in the process of cooperation with the company, and has strong performance ability. Approximate ability analysis

Key Financial Data of Related Persons as of September 30, 2024:

Unit: RMB 10,000 yuan

Total assets 513.48

Net worth 148.34

Operating income 259.45

Net profit -270.04

Note: The above data is unaudited.

3. The main content and pricing policy of related party transactions

(1) The main content of routine related party transactions

The Company's related-party transactions mainly consisted of purchasing goods and receiving labor services from related parties, selling goods to related parties, financing related parties and leasing properties to related parties.

(2) Pricing policy

The related party transaction follows the principle of market pricing, and the pricing is objective, reasonable and fair, and there is no harm to the interests of the company and non-affiliated shareholders.

4. The purpose of related party transactions and the impact on listed companies

The company expects that the daily related party transactions in 2025 are based on the company's normal production and operation offices

Yes, follow the principles of voluntariness, equality and fairness, the pricing is reasonable and fair, and there is no harm to the interests of the company and non-affiliated shareholders. The related parties that the company chooses to cooperate with have a high performance ability, which is conducive to the continuous development of the company's daily business, and the company's main business will not become dependent on related parties and will not affect the company's independence.

5. Sponsor verification opinions

After verification, the sponsor China Securities Co., Ltd. believes that the company is expected to be in 2025

The day-to-day related party transactions have been deliberated and approved by the Board of Directors and the Board of Supervisors of the Company, and the independent directors have issued clear consents, complying with the provisions of relevant laws and regulations and performing the necessary legal procedures. The company expects that the daily related party transactions in 2025 are reasonable and necessary, in line with the company's daily business needs, the pricing principle of related party transactions is fair, does not affect the independence of the company, will not harm the interests of the company and shareholders, especially small and medium-sized shareholders, and will not form a greater dependence on related parties.

In summary, the sponsor expects the above-mentioned JinkoSolar Co., Ltd. to conduct routine connected transactions in 2025

item.

6. Online announcement documents

Verification Opinions of China Securities Co., Ltd. on JinkoSolar's 2025 Expected Routine Connected Transactions.

The announcement is hereby made.

JinkoSolar Corporation

board of directors

December 11, 2024