Stock code: 688223 Stock abbreviation: JinkoSolar Announcement No.: 2025-008

Bond code: 118034 Bond abbreviation: Jingneng convertible bond

JinkoSolar Corporation

Announcement on the progress of the provision of guarantees

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:

Name of Guarantor: JinkoSolar Co., Ltd. (hereinafter referred to as the "Company") consolidated financial statements

There are no related parties of the company among the subsidiaries.

The amount of this guarantee: The total amount of guarantee in this announcement of the company is RMB 8.034 billion. cut

As of the disclosure date of this announcement, the total amount of guarantees provided by the company to its holding subsidiaries is 47.645 billion yuan.

Whether there is a counter-guarantee for the guarantee in this announcement: none.

The guarantee of this announcement has been reviewed and approved by the general meeting of shareholders of the company.

1. Overview of the guarantee

In order to meet the needs of the operation and development of the company and its subsidiaries, the company provides joint and several liability guarantee guarantee for the subsidiaries to apply for financing from financial institutions, and the total guarantee amount of this announcement is RMB 8.034 billion, as follows:

1. JinkoSolar (Shangrao) Co., Ltd. (hereinafter referred to as "Shangrao Jinko") applied to China Everbright Bank Co., Ltd. Shangrao Branch for a comprehensive credit line of no more than RMB 200 million and an exposure line of RMB 150 million, and the Company provided joint and several liability guarantee for the above open credit line, with a guarantee amount of RMB 150 million, subject to the signed guarantee agreement.

2. Jiangxi Jinko Photovoltaic Materials Co., Ltd. (hereinafter referred to as "Jiangxi Jinko Photovoltaic Materials") applies to China Everbright Bank Co., Ltd. Nanchang Branch for a comprehensive credit line of no more than RMB 200 million and an exposure line of RMB 150 million, and the company provides joint and several liability guarantee for the above open credit line, with a guarantee amount of RMB 150 million, which is subject to the signed guarantee agreement.

3. Zhejiang JinkoSolar Co., Ltd. (hereinafter referred to as "Zhejiang Jinko") applies to China Minsheng Bank Co., Ltd. Jiaxing Branch for a comprehensive credit line of no more than RMB 400 million, and the credit term does not exceed RMB 400 million

Within one year, the Company will provide joint and several liability guarantee for the above-mentioned credit line, with the guarantee amount not exceeding RMB 400 million, subject to the signed guarantee agreement.

4. JinkoSolar (Haining) Co., Ltd. (hereinafter referred to as "Haining Jinko") applies to China Minsheng Bank Co., Ltd. Jiaxing Branch for a comprehensive credit line with an exposure limit of no more than RMB 500 million and a credit term of no more than one year, and the Company provides joint and several liability guarantee for the above credit line, and the guarantee amount does not exceed RMB 500 million, subject to the signed guarantee agreement.

5. Haining Jinko applies to Bohai Bank Co., Ltd. Hangzhou Branch for a comprehensive credit line with an exposure limit of no more than RMB 300 million and a credit term of no more than three years, and the company provides joint and several liability guarantee for the above credit line, with the guarantee amount not exceeding RMB 300 million, subject to the signed guarantee agreement.

6. Haining Jinko applies for a financial lease of no more than RMB 600 million from Yu Nongshang Financial Leasing Co., Ltd. and a financial lease amount of no more than RMB 50 million from Far East International Financial Leasing Co., Ltd., with a term of no more than three years, and the company provides joint and several liability guarantee for the above credit line, with a total guarantee amount of no more than RMB 650 million, which is subject to the signed guarantee agreement.

7. JinkoSolar (Feidong) Co., Ltd. (hereinafter referred to as "Feidong Jinko") applies to Huaxia Bank Co., Ltd. Hefei Jintun Sub-branch for a comprehensive credit line with an exposure limit of no more than RMB 150 million and a credit period of no more than one year, and the Company provides joint and several liability guarantee for the above credit line, with the guarantee amount not exceeding RMB 150 million, subject to the signed guarantee agreement.

8. Anhui JinkoSolar Co., Ltd. (hereinafter referred to as "Anhui Jinko") applies to China Merchants Financial Leasing (Shanghai) Co., Ltd. for financial leasing and leaseback business, and the financing amount does not exceed RMB 300 million, and the company provides joint and several liability guarantee for the above-mentioned financial leasing amount, and the principal of the guaranteed debt is RMB 300 million, and the guarantee amount is subject to the signed guarantee agreement.

9. JinkoSolar (Chuxiong) Co., Ltd. (hereinafter referred to as "Chuxiong Jinke") applied to Taiping Petrochemical Financial Leasing Co., Ltd. (hereinafter referred to as "Taiping Petrochemical Financial Leasing") for financial leasing and leaseback business, with a financing amount of no more than RMB 500 million, and the Company provided joint and several liability guarantee for the above-mentioned financial leasing line, with the principal amount of the guaranteed debt of RMB 500 million, and the scope of the guarantee is subject to the signed guarantee contract.

10. Chuxiong Jinko applied to Chuxiong Branch of Yunnan Hongta Bank Co., Ltd. (hereinafter referred to as "Hongta Bank") for a non-special credit line with an exposure limit of no more than RMB 400 million, and the company provided joint and several liability guarantee for the above exposure credit line, with a credit term of no more than three years and a guarantee amount of RMB 400 million, subject to the signed guarantee agreement.

11. Qinghai Jinko Solar Co., Ltd. (hereinafter referred to as "Qinghai Jinko") shares in China CITIC Bank Co., Ltd

If the Xining Branch of the Company applies for a new credit line with an exposure limit of no more than RMB 300 million, the Company will provide joint and several liability guarantee for the above credit line with a guarantee period of 3 years and a guarantee amount of RMB 300 million, subject to the signed guarantee agreement.

12. Shanxi JinkoSolar Intelligent Manufacturing Co., Ltd. (hereinafter referred to as "Shanxi JinkoSolar Intelligent Manufacturing") applies to Bank of Communications Co., Ltd. Shanxi Branch for a credit exposure line of no more than RMB 400 million, and the Company provides joint and several liability guarantee for the above exposure credit line, with a credit term of no more than 3 years and a guarantee amount of RMB 400 million, which is subject to the signed guarantee agreement.

13. Shanxi Jinko Intelligent Manufacturing applied to Bank of China Co., Ltd. Taiyuan Comprehensive Reform Zone Sub-branch for a credit exposure of no more than RMB 440 million, and the Company provided joint and several liability guarantee for the above exposure credit line, with a credit term of no more than 3 years and a guarantee amount of RMB 440 million, subject to the signed guarantee agreement.

14. JinkoSolarMiddleEastDMCC (hereinafter referred to as "Jinko Middle East") applied to HSBC Bank (China) Co., Ltd. for a credit period of up to 2 years for foreign exchange derivatives transactions, and the company provided joint and several liability guarantee for the above-mentioned foreign exchange derivatives trading quota, with a guarantee amount of US$55 million, which is subject to the signed guarantee agreement.

15. Hefei Jinko Photovoltaic Materials Co., Ltd. (hereinafter referred to as "Hefei Jinko Photovoltaic Materials"), JinkoSolar (Poyang) Co., Ltd. (hereinafter referred to as "Poyang Jinko"), CIRS Industrial Co., Ltd. (hereinafter referred to as "CIRS"), Shanxi JinkoSolar No. 3 Intelligent Manufacturing Co., Ltd. (hereinafter referred to as "Shanxi Jinko III"), Shangrao Guangxin Jinko Photovoltaic Manufacturing Co., Ltd. (hereinafter referred to as "Guangxin Jinko Photovoltaic Manufacturing"), Shangrao Jinko Photovoltaic Manufacturing Co., Ltd. (hereinafter referred to as " Shangrao Jinko Solar Manufacturing"), Zhejiang Jinko Energy Storage Co., Ltd. (hereinafter referred to as "Zhejiang Jinko Energy Storage") and Industrial Bank Co., Ltd. have carried out a supply chain business cooperation based on Jinko E-Credit, and JinkoSolar will provide joint and several liability guarantee for the payment obligations of the accounts receivable corresponding to the electronic credit certificates (i.e., Jinko E-Credit) issued by the above-mentioned seven subsidiaries on the Jinko Changrong Platform for financing at Industrial Bank Co., Ltd. and other branches, with the total guarantee not exceeding RMB 3 billion. The details are subject to the signed security agreement.

The 13th meeting of the second board of directors, the 9th meeting of the second board of supervisors, and the third extraordinary general meeting of shareholders in 2024 deliberated and passed the "Proposal on the Estimated Credit and Guarantee Limit in 2025", the same

From January 1, 2025 to December 31, 2025, the company is a subsidiary or a wholly-owned subsidiary

The total guarantee amount between the company and the subsidiaries is expected to be no more than RMB 73.397 billion, and within the guarantee limit, the board of directors shall propose to the general meeting of shareholders to authorize the chairman of the board of directors of the company or the management of the company to adjust the guarantee amount between the wholly-owned subsidiaries and holding subsidiaries (including the newly established wholly-owned subsidiaries and holding subsidiaries). The sponsor is responsible for the above

The amount of insurance is expected to be clearly agreed to in the verification opinion. For details, please refer to the company's announcement on December 11, 2024

Announcement of JinkoSolar on the Estimated Credit and Guarantee Lines for 2025 (Announcement No. 2024-086) disclosed by the Shanghai Stock Exchange.

The guarantee of this announcement is within the scope of the guarantee amount approved by the above-mentioned general meeting of shareholders, and there is no need to perform the deliberation procedures of the board of directors or the general meeting of shareholders again.

2. The basic information of the guarantor

1. JinkoSolar (Shangrao) Co., Ltd

Type: Other limited liability company

Residence: No. 3, Yingbin Avenue, Shangrao Economic and Technological Development Zone, Jiangxi Province

Legal representative: Chen Jingwei

Registered capital: RMB 350,000

Date of Establishment: April 17, 2020

Period of operation: April 17, 2020 to long-term

Business scope: general items: monocrystalline silicon rods, monocrystalline silicon wafers, polycrystalline ingots, polycrystalline silicon wafers; R&D, processing, manufacturing, installation and sales of high-efficiency solar cells, modules and photovoltaic application systems; production and sales of solar energy raw materials and related ancillary products; Design, assurance consulting, integration, manufacturing and sales of electronic products, solar building decoration materials and solar lighting equipment for the above-mentioned application systems; Engaged in the import and export of goods and technology. (In addition to licensed business, it can independently operate projects that are not prohibited or restricted by laws and regulations in accordance with the law)

Shareholder structure: The company holds 65.9315% of the equity of Shangrao Jinko, Shangrao Economic and Technological Development Zone Urban Construction Engineering Management Co., Ltd. holds 23.9562% of the equity, and Shangrao Binjiang Investment Co., Ltd. holds 10.1124% of the equity.

Shangrao Jinko has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its solvency.

Shangrao Jinko's financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 1,743,898.38 1,637,855.57

Total liabilities 1,184,995.57 1,076,193.39

Net assets 558,902.81 561,662.18

2023 (Audited) January-September 2024 (Unaudited)

Operating income 5,061,295.07 2,451,923.17

Net profit 127,034.45 645.59

2. Jiangxi Jinko Photovoltaic Materials Co., Ltd

Type: Limited liability company (sole proprietorship of a legal person not invested or controlled by a natural person)

Residence: No. 3, Yingbin Avenue, Shangrao Economic and Technological Development Zone, Jiangxi Province

Legal representative: Chen Jingwei

Registered capital: RMB 10,000,000

Date of Establishment: December 10, 2010

Business scope: R&D, processing and sales of solar cell modules, aluminum frames of solar cell modules, junction box junction boxes, junction box related accessories, connectors, cables, diodes, solar brackets and bracket system installation, aluminum profile doors and windows, metal components, hardware, plastic products, new building materials and molds; maintenance of solar module backsheets; Self-management and agency import and export business of various commodities and technologies. (For projects subject to approval in accordance with the law, business activities can only be carried out after approval by relevant departments)

Shareholder structure: The company holds 100% of the equity of Jiangxi Jinko Photovoltaic Materials.

Jiangxi Jinko Photovoltaic Materials has a good credit status, is not a dishonest person subject to execution, and has no major contingencies that affect its solvency.

Jiangxi Jinko Photovoltaic Materials' financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 433,676.09 299,299.55

Total liabilities 377,018.78 236,182.92

Net assets 56,657.31 63,116.63

2023 (Audited) January-September 2024 (Unaudited)

Operating income 1,164,029.70 537,226.89

Net profit 18,262.80 6,373.85

3. Zhejiang Jinko Solar Co., Ltd

Type: Other limited liability company

Residence: No. 58, Yuanxi Road, Yuanhua Town, Haining City, Jiaxing City, Zhejiang Province

Legal representative: Chen Jingwei

Registered capital: 271,4342,985.47 million yuan

Date of Establishment: August 2, 2006

Period of operation: August 2, 2006 to August 1, 2056

Business scope: general projects: photovoltaic equipment and components manufacturing; sales of photovoltaic equipment and components; manufacturing of special electronic materials; manufacturing of high-performance fibers and composite materials; non-ferrous metal alloy manufacturing; R&D of emerging energy technologies; Import and export of goods (except for projects subject to approval in accordance with the law, independently carry out business activities in accordance with the law with a business license).

Shareholder structure: The company holds 75.7084% of the equity of Zhejiang Jinko, Wuhu Jingda Xinrong Equity Investment Co., Ltd. holds 8.0972% of the equity, Bank of China Financial Assets Investment Co., Ltd. holds 8.0972% of the equity, and China Orient Asset Management Co., Ltd. holds 8.0972% of the equity.

Zhejiang Jinko has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its solvency.

Zhejiang Jinko's financial data for the latest year and period:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 1,074,753.66 960,841.34

Total liabilities 818,786.96 523,332.66

Net assets 255,966.70 437,508.68

2023 (Audited) January-September 2024 (Unaudited)

Operating income 1,634,568.21 973,389.47

Net profit 14,561.12 30,850.65

4. JinkoSolar (Haining) Co., Ltd

Type: Other limited liability company

Address: No. 118, Anjiang Road, Huangwan Town, Haining City, Jiaxing City, Zhejiang Province (self-declaration)

Legal representative: Chen Jingwei

Registered capital: RMB 357,000

Date of Establishment: December 15, 2017

Operating period: December 15, 2017 to December 14, 2067

Business Scope: General Projects: R&D of Emerging Energy Technologies; photovoltaic equipment and components manufacturing; sales of photovoltaic equipment and components; manufacturing of high-performance fibers and composite materials; non-ferrous metal alloy manufacturing; manufacturing of synthetic materials (excluding hazardous chemicals); research and development of special electronic materials; manufacturing of special electronic materials; battery manufacturing; engineering and technology research and experimental development; Import and export of goods (except for projects subject to approval in accordance with the law, independently carry out business activities in accordance with the law with a business license). (The business premises of the branch are located at: No. 199, Xinyue Road, Huangwan Town, Haining City (self-declaration))

Shareholder structure: The company holds 25.21% of the equity of Haining Jinko, Haining Sunshine Science and Technology Town Investment Partnership (Limited Partnership) holds 21.01% of the equity, Jiaxing Kelian Investment Partnership (Limited Partnership) holds 51.40% of the equity, and Zhejiang JinkoSolar Co., Ltd. holds 2.38% of the equity.

Haining Jinko has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its solvency.

Haining Jinko's financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 2,223,547.49 2,188,423.20

Total liabilities 1,527,006.55 1,352,264.85

Net assets 696,540.94 836,158.35

2023 (Audited) January-September 2024 (Unaudited)

Operating income 3,137,621.02 1,646,595.76

Net profit 219,215.96 95,924.73

5. JinkoSolar (Feidong) Co., Ltd

Type: Other limited liability company

Residence: No. 1, southwest corner of the intersection of Longxing Avenue and Shichi Road, Hefei Circular Economy Demonstration Park, Feidong County, Hefei City, Anhui Province

Legal representative: Chen Jingwei

Registered capital: RMB 1 billion

Date of Establishment: September 23, 2021

Operating period: September 23, 2021 to long-term

Business Scope: General Projects: R&D 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; sales of photovoltaic equipment and components; import and export of goods; Technology import and export (except for licensed business, can independently operate projects that are not prohibited or restricted by laws and regulations in accordance with the law).

Shareholder structure: The company holds 55% of the equity of Feidong Jinko, and Hefei Circular Economy Demonstration Park Construction Investment Co., Ltd. of Anhui Province holds 45% of the equity of Jinko Feidong.

Feidong Jinko has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its solvency.

Feidong Jinko's financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 542,217.01 480,630.15

Total liabilities 457,522.89 404,446.89

Net assets 84,694.12 76,183.26

2023 (Audited) January-September 2024 (Unaudited)

Operating income 1,117,725.94 624,885.37

Net profit 8,408.01 -8,538.71

6. Anhui Jinko Solar Co., Ltd

Type: Other limited liability company

Residence: No. 1, Northeast Corner of the Intersection of Longxing Avenue and Ruquan Road, Hefei Circular Economy Demonstration Park, Feidong County, Hefei City, Anhui Province

Legal representative: Chen Jingwei

Registered capital: RMB 1 billion

Date of Establishment: September 3, 2021

Period of operation: September 3, 2021 to long-term

Business Scope: General Projects: R&D 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; sales of photovoltaic equipment and components; import and export of goods; technology import and export; financial counseling; information consulting services (excluding licensed information consulting services); Human resources services (excluding employment intermediary activities, labor

Service dispatch services) (in addition to licensed business, can independently operate projects that are not prohibited or restricted by laws and regulations)

Shareholder structure: The company holds 75.14% of the equity of Anhui Jinko, and Hefei Dongcheng Industrial Investment Co., Ltd. holds 24.86% of the equity of Anhui Jinko.

Anhui Jinko has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its solvency.

Anhui Jinko's financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 783,256.35 628,434.91

Total liabilities 528,416.48 352,850.95

Net assets 254,839.87 275,583.96

2023 (Audited) January-September 2024 (Unaudited)

Operating income 1,159,358.62 551,042.15

Net profit 67,284.26 19,919.78

7. JinkoSolar (Chuxiong) Co., Ltd

Type: Limited liability company (wholly foreign-invested enterprise legal person-owned)

Residence: No. 66, Waizhou Road, Lucheng Town, Chuxiong City, Chuxiong Yi Autonomous Prefecture, Yunnan Province

Legal representative: Chen Jingwei

Registered capital: RMB 50,000,000

Date of Establishment: September 25, 2020

Business scope: R&D, manufacturing and sales of solar silicon wafers, solar cells and solar modules; R&D, manufacturing and sales of photovoltaic derivatives; technical consultation, technical services and sales of photovoltaic products; production of inorganic non-metallic materials and products (intraocular lenses, high-performance composite materials, special glass, special ceramics, special sealing materials, special cementitious materials); production of non-ferrous metal composite materials and new alloy materials (none of the above products contain hazardous chemicals and precursors); Import and export of goods or technology (except for the import and export of goods and technology prohibited by the state or involving administrative approval). (For projects subject to approval in accordance with the law, business activities can only be carried out after approval by relevant departments)

Shareholder structure: The company holds 100% of the equity of Chuxiong Jinko.

Chuxiong Jinke has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its ability to repay debts

Item.

Chuxiong Jinke's financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 555,880.91 441,616.38

Total liabilities 462,670.13 364,978.09

Net assets 93,210.78 76,638.29

2023 (Audited) January-September 2024 (Unaudited)

Operating income 640,297.58 368,817.22

Net profit was 25,912.17 -16,710.74

8. Qinghai Jinko Solar Co., Ltd

Type: Limited liability company (sole proprietorship of a legal person not invested or controlled by a natural person)

Residence: No. 19, Planning 5th Road, Shangxinzhuang Town, Huangzhong District, Xining City, Qinghai Province

Legal representative: Chen Jingwei

Registered capital: RMB 120,000

Date of Establishment: April 3, 2019

Period of operation: 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 technology (except for the import and export of goods and technology prohibited by the state or involving administrative approval). (When it comes to licensed business projects, it can only be operated after obtaining permission from relevant departments)***

Shareholder structure: The company holds 100% of the equity of Qinghai Jinko.

Qinghai Jinko has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its ability to repay debts.

Qinghai Jinko's financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 786,569.18 634,098.14

Total liabilities 622,772.46 463,971.83

Net assets 163,796.72 170,126.31

2023 (Audited) January-September 2024 (Unaudited)

Operating income 1,020,221.17 531,111.20

Net profit 61,179.21 6,297.64

9. Shanxi Jinko Solar Intelligent Manufacturing Co., Ltd

Type: Limited liability company (sole proprietorship of a legal person not invested or controlled by a natural person)

Residence: 1- SME Industrial Park, No. 36, Jingu Road, Xiaohe Industrial Park, Shanxi Transformation and Comprehensive Reform Demonstration Zone-

Room 201, Building 02

Legal representative: Xu Weiping

Registered capital: 60,000,000 RMB

Date of Establishment: June 6, 2023

Business Scope: General Items: Manufacturing of Special Electronic Materials; sales of special electronic materials; research and development of special electronic materials; photovoltaic equipment and components manufacturing; sales of photovoltaic equipment and components; import and export of goods; Technology import and export. (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)

Shareholder structure: The company holds 100% of the equity of Shanxi Jinko Intelligent Manufacturing.

Shanxi Jinko Intelligent Manufacturing has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its solvency.

Shanxi Jinko Intelligent Manufacturing financial data for the latest year and period:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 6,063.42 367,200.35

Total liabilities 8,457.96 351,306.66

Net assets -2,394.54 15,893.69

2023 (Audited) January-September 2024 (Unaudited)

Operating income 0 233,388.74

Net profit -3,394.54 -10,712.72

10、JinkoSolar Middle East DMCC

Type: Overseas wholly-owned subsidiary of the company

Residence: Unit No: R203-01 Reef Tower Plot No: JLT-PH2-O1AJumeirah Lakes

Towers Dubai UAE

Legal representative: Li Xiande

Registered capital: AED 50,202,000

Date of Establishment: September 6, 2016

Business scope: solar energy system and module trade, power generation, power transmission and distribution equipment trade, wire and cable trade, accessories trade

Shareholder structure: The company holds 100% of the equity of Jinko Middle East.

Jinko Middle East has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its solvency.

Jinko Middle East's latest financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 839,999.54 673,826.87

Total liabilities 772,082.21 602,849.78

Net assets 67,917.33 70,977.09

2023 (Audited) January-September 2024 (Unaudited)

Operating income 2,100,282.20 1,083,372.50

Net profit -10,970.42 3,764.14

11. Hefei Jinko Photovoltaic Materials Co., Ltd

Type: Limited liability company (sole proprietorship of a legal person invested or controlled by a natural person)

Residence: Hefei City, Anhui Province, Feidong County, Hefei Circular Economy Demonstration Park, Hongtu Avenue and the northwest corner of Ganggang Road

Legal representative: Han Wengang

Registered capital: 10,000,000 yuan

Date of Establishment: June 1, 2023

Business scope: general projects: photovoltaic equipment and components manufacturing; sales of photovoltaic equipment and components; Yes

non-ferrous metal calendering; manufacturing of auto parts and accessories; mold making; mold sales; Management; financial counseling; information consulting services (excluding licensed information consulting services); human resources services (excluding employment intermediary activities and labor dispatch services); Technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion (except for licensing business, can independently operate projects that are not prohibited or restricted by laws and regulations in accordance with the law)

Shareholder structure: Jiangxi Jinko Photovoltaic Materials, a wholly-owned subsidiary of the Company, holds 100% equity of Hefei Jinko Photovoltaic Materials.

Hefei Jinko Photovoltaic Materials has a good credit status, is not a dishonest person subject to execution, and has no major contingencies that affect its solvency.

Hefei Jinko Photovoltaic Materials' financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 51,677.51 91,043.55

Total liabilities 43,375.34 74,741.43

Net assets 8,302.17 16,302.12

2023 (Audited) January-September 2024 (Unaudited)

Operating income 26,614.31 138,864.08

Net profit -1,197.83 7,999.95

12. Ruixu Industrial Co., Ltd

Type: Other limited liability company

Residence: West of You'an Avenue and north of Shanglead Fast Track, Leadshan County, Shangrao City, Jiangxi Province

Legal representative: Chen Jingwei

Registered capital: RMB 10,000,000

Date of Establishment: July 24, 2019

Period of operation: July 24, 2019 to long-term

Business scope: casting, R&D, production and sales of profiles, building materials, auto parts, photovoltaic brackets, cables, hardware, and molds (projects subject to approval in accordance with the law can only be carried out after approval by relevant departments)

Shareholder structure: Jiangxi Jinko Photovoltaic Materials, a wholly-owned subsidiary of the company, holds 60% of the equity, and Shangrao Henglu Industry Guidance Fund Center (Limited Partnership) holds 40% of the equity.

CIRS has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its solvency.

CIRS Industrial's financial data for the latest year and period:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 63,008.52 59,991.73

Total liabilities 50,284.46 47,705.99

Net assets 12,724.06 12,285.74

2023 (Audited) January-September 2024 (Unaudited)

Operating income 190,443.46 246,863.37

Net profit 1,558.66 -449.14

13. JinkoSolar (Poyang) Co., Ltd

Type: Limited liability company (wholly foreign-invested enterprise legal person-owned)

Residence: Shangrao City, Jiangxi Province, Poyang County Industrial Park, Lutian Light Industry Base Chuangye Avenue

Legal representative: Chen Jingwei

Registered capital: RMB 10 million

Date of Establishment: December 1, 2021

Operating period: December 1, 2021 to November 30, 2041

Business scope: general items: manufacturing of special electronic materials, sales of special electronic materials, manufacturing of photovoltaic equipment and components, sales of photovoltaic equipment and components, manufacturing of non-metallic mineral products, sales of non-metallic minerals and products, research and development of special electronic materials, import and export of goods, import and export of technology (except for licensed business, can independently operate projects that are not prohibited or restricted by laws and regulations)

Shareholder structure: The company holds 100% of the equity of Poyang Jinko.

Poyang Jinko has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its solvency.

Poyang Jinko's financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 91,352 100,124.82

Total liabilities 76,422.1 78,893.12

Net assets 14,929.89 21,231.70

2023 (Audited) September 2024 (Unaudited)

Operating income 288,089.01 177,048.66

Net profit 5,506.65 6,294.94

14. Shanxi JinkoSolar No. 3 Intelligent Manufacturing Co., Ltd

Type: Limited liability company (sole proprietorship of a legal person not invested or controlled by a natural person)

Residence: 1- SME Industrial Park, No. 36, Jingu Road, Xiaohe Industrial Park, Shanxi Transformation and Comprehensive Reform Demonstration Zone-

Room 201, Building 02

Legal representative: Xu Weiping

Registered capital: 90,000,000 RMB

Date of Establishment: July 3, 2023

Operating period: July 3, 2023 until no fixed period

Business Scope: General Items: Manufacturing of Special Electronic Materials; sales of special electronic materials; research and development of special electronic materials; photovoltaic equipment and components manufacturing; sales of photovoltaic equipment and components; import and export of goods; Technology import and export. (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)

Shareholder structure: The company holds 100% of the equity of Shanxi Jinko No. 3.

Shanxi Jinko No. 3 is in good condition, is not a judgment defaulter, and has no major contingencies that affect its solvency.

Shanxi Jinko No.3's financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 38,347.82 289,431.22

Total liabilities 37,861.52 211,493.27

Net assets 486.30 77,937.95

2023 (Audited) January-September 2024 (Unaudited)

Operating income - 18,076.46

Net profit -13.70 -12,468.35

15. Shangrao Jinko Photovoltaic Manufacturing Co., Ltd

Type: Limited liability company (sole proprietorship of a legal person not invested or controlled by a natural person)

Residence: Room 1-1, 2-1, Office Building, West of Jinko Double Plot, South of Development Avenue, Shangrao Economic and Technological Development Zone, Jiangxi Province

Legal representative: Chen Jingwei

Registered capital: RMB 10 million

Date of Establishment: March 28, 2022

Business scope: general projects: photovoltaic equipment and components manufacturing, photovoltaic equipment and components sales, import and export of goods, technology import and export (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)

Shareholder structure: The company holds 100% of the equity of Shangrao Jinko Photovoltaic Manufacturing.

Shangrao Jinko Solar Manufacturing has a good credit status, is not a judgment defaulter, and has no major contingencies that affect its solvency.

Shangrao Jinko Photovoltaic Manufacturing's financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 340,896.39 347,613.11

Total liabilities 331,365.47 325,911.59

Net assets 9,530.92 21,701.52

2023 (Audited) January-September 2024 (Unaudited)

Operating income 530,282.68 708,923.36

Net profit 8,995.46 12,170.60

16. Shangrao Guangxin District Jinko Photovoltaic Manufacturing Co., Ltd

Type: Limited liability company (sole proprietorship of a legal person not invested or controlled by a natural person)

Residence: No. 18, Jianxing Road, Chating Economic Development Zone, Guangxin District, Shangrao City, Jiangxi Province

Legal representative: Chen Jingwei

Registered capital: RMB 10 million

Date of Establishment: March 23, 2022

Business scope: general projects: photovoltaic equipment and components manufacturing, photovoltaic equipment and components sales, import and export of goods, technology import and export, non-ferrous metal rolling processing (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)

Shareholder structure: The company holds 100% of the equity of Guangshun Jinko Photovoltaic Manufacturing.

Kuangshun Jinko PV Manufacturing has a good credit status, is not a dishonest person subject to execution, and has no major contingencies that affect its solvency.

Kuangshun Jinko PV Manufacturing's financial data for the latest year and period:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 340,269.07 234,378.68

Total liabilities 325,986.41 213,010.03

Net assets 14,282.66 21,368.65

2023 (Audited) January-September 2024 (Unaudited)

Operating income 819,213.22 500,472.48

Net profit 14,003.94 7,085.99

17. Zhejiang Jinko Energy Storage Co., Ltd

Type: Other limited liability company

Residence: No. 8, Xiangxin Road, Huangwan Town, Haining City, Jiaxing City, Zhejiang Province

Legal representative: Zhou Fangkai

Registered capital: RMB 100,000

Date of Establishment: April 23, 2023

Business scope: battery manufacturing; battery sales; energy storage technical services; R&D of emerging energy technologies; manufacturing of industrial automatic control system devices; sales of industrial automatic control system devices; computer system services; information system integration services; intelligent control system integration; software development; professional design services; industrial design services; production of battery spare parts; sales of battery spare parts; sales of mechanical and electrical equipment; mechanical and electrical equipment manufacturing; R&D of power distribution switch control equipment; manufacturing of power distribution switch control equipment; sales of power distribution switch control equipment; power facilities and equipment manufacturing; sales of power facilities and equipment; power electronic components manufacturing; sales of power electronic components; first

sales of power electronic devices; photovoltaic equipment and components manufacturing; sales of photovoltaic equipment and components; manufacturing of electronic components and electromechanical components; sales of electronic components and electromechanical components; wholesale of electronic components; manufacturing of electronic components; power transmission and distribution and control equipment manufacturing; sales of intelligent power transmission and distribution and control equipment; communication equipment manufacturing; sales of communication equipment; manufacturing of electronic special equipment; sales of electronic special equipment; manufacturing of new building materials (excluding hazardous chemicals); sales of building materials; recycling of renewable resources (except for productive scrap metals); service consumer robot manufacturing; service consumption robot sales; import and export of goods; technology import and export; technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion; Sales of electronic products (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).

Shareholder structure: Jinko Energy Storage Technology Co., Ltd., a wholly-owned subsidiary of the Company, holds 51% of the equity of Zhejiang Jinko Energy Storage, and Haining Xinchao Investment and Development Co., Ltd. holds 49% of the equity of Zhejiang Jinko Energy Storage.

Zhejiang Jinko Energy Storage has a good credit status, is not a dishonest person subject to execution, and has no major contingencies that affect its solvency.

Zhejiang Jinko Energy Storage's financial data for the latest year:

Unit: 10,000 yuan

Item December 31, 2023 (Audited) September 30, 2024 (Unaudited)

Total assets 190,860.95 242,066.73

Total liabilities 70,735.14 135,535.64

Net assets 120,125.81 106,531.09

2023 (Audited) January-September 2024 (Unaudited)

Operating income 9,795.18 52,917.71

Net profit -4,735.06 -13,594.73

3. The main content of the security agreement

(1) The main content of the guarantee provided to Shangrao Jinko

1. Guarantee method: the maximum joint and several liability guarantee guarantee.

2. Guarantee period: three years from the expiration date of the debt performance period of the specific business under the contract.

3. Scope of guarantee: main creditor's rights, interest, penalty interest, compound interest, liquidated damages, damages, interest on debts during the period of delayed performance, delayed performance fees, expenses for realizing claims (including but not limited to litigation fees, arbitration fees, lawyer fees, travel expenses, appraisal fees, transfer fees, preservation fees, announcement fees, notarization and authentication fees, translation fees, execution fees, preservation insurance premiums, etc.) and all other expenses payable.

(2) The main content of the guarantee for Jiangxi Jinko photovoltaic materials

1. Guarantee method: the maximum joint and several liability guarantee guarantee.

2. Guarantee period: three years from the expiration date of the debt performance period of the specific business under the contract.

3. Scope of guarantee: main creditor's rights, interest, penalty interest, compound interest, liquidated damages, damages, interest on debts during the period of delayed performance, delayed performance fees, expenses for realizing claims (including but not limited to litigation fees, arbitration fees, lawyer fees, travel expenses, appraisal fees, transfer fees, preservation fees, announcement fees, notarization and authentication fees, translation fees, execution fees, preservation insurance premiums, etc.) and all other expenses payable.

(3) The main content of the guarantee provided to Zhejiang Jinko

1. Guarantee method: joint and several liability guarantee.

2. Guarantee period: three years from the expiration date of the debt performance period of the specific business under the contract.

3. Scope of guarantee: the principal of the main claim and its interest, penalty interest, compound interest, liquidated damages, damages, and the cost of realizing the claim and security rights arising under the contract.

(4) The main content of the guarantee provided to Haining Jinko

1. Guarantee method: joint and several liability guarantee.

2. Guarantee period: three years from the expiration date of the debt performance period of the specific business under the contract.

3. Scope of guarantee: the principal of the main claim and its interest, penalty interest, compound interest, liquidated damages, damages, and the cost of realizing the claim and security rights arising under the contract.

(5) The main content of the guarantee provided to Feidong Jinko

1. Guarantee method: joint and several liability guarantee.

2. Guarantee period: three years after the expiration 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, liquidated damages, damages, and the cost of realizing the claim and security rights arising under the contract.

(6) The main content of the guarantee provided to Anhui Jinko

1. Guarantee method: joint and several liability guarantee.

2. Guarantee period: three years after the expiration 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, liquidated damages, damages, and the cost of realizing the claim and security rights arising under the contract.

(7) The main content of the guarantee provided to Chuxiong Jinko

1. Guarantee method: joint and several liability guarantee (Taiping Petrochemical Financial Leasing), maximum joint and several liability guarantee guarantee (Hongta Bank).

2. Guarantee period: from the effective date of the guarantee contract to the last debt performance period under the main contract

Three years after the date of expiry.

3. Scope of guarantee: 100% of all claims of Taiping Petrochemical Financial Leasing to Chuxiong Jinke under the main contract, including but not limited to all or part of the rent, risk collateral, overdue interest, agreed loss compensation, compensation paid in advance, retention purchase price, and various expenses paid by Taiping Petrochemical Financial Leasing to realize the creditor's rights (including but not limited to litigation fees, arbitration fees, lawyer fees, notary fees, travel expenses, preservation fees, and preservation guarantee (insurance) fees) paid by Taiping Petrochemical Financial Leasing in accordance with the Lease Contract, announcement fee, appraisal fee and auction and appraisal fees when the leased property is retrieved) and all other expenses payable by Chuxiong Jinko (Taiping Petrochemical Financial Leasing); All claims under the main contract within the maximum limit of claims, including the principal of the claims, as well as the interest arising from the claims (the interest referred to in this contract includes interest, penalty interest and compound interest), liquidated damages, damages, handling fees and other expenses incurred for the conclusion or performance of this contract, and the costs of realizing security rights and claims (including but not limited to litigation fees, property preservation fees, preservation insurance premiums, announcement fees, service fees, execution fees, arbitration fees, attorney fees, travel expenses, auction fees, collection fees, Application for the issuance of enforcement certificate fees, third-party collection agency commission fees, etc.) (Hongta Bank).

(8) The main content of the guarantee provided to Qinghai Jinko

1. Guarantee method: the maximum joint and several liability guarantee guarantee.

2. Guarantee period: three years from the expiration date of the debt performance period of the specific business under the contract.

3. Scope of guarantee: main creditor's rights, interest, penalty interest, compound interest, liquidated damages, damages, interest on debts during the period of delayed performance, delayed performance fees, expenses for realizing claims (including but not limited to litigation fees, arbitration fees, lawyer fees, travel expenses, appraisal fees, transfer fees, preservation fees, announcement fees, notarization and authentication fees, translation fees, execution fees, preservation insurance premiums, etc.) and all other expenses payable.

(9) The main content of the guarantee for Shanxi Jinko Intelligent Manufacturing

1. Guarantee method: joint and several liability guarantee.

2. Guarantee period: The term of the company's guarantee for Shanxi Jinko is from the effective date of the guarantee contract to the expiration of the date of performance of all debts of the debtor under the main contract for three years.

3. Scope of guarantee: the principal and interest (including but not limited to interest, compound interest, overdue interest and penalty interest), handling fees and other expenses, taxes, liquidated damages, and all expenses incurred by the creditor in realizing the creditor's right (including but not limited to litigation fees, notary fees, preservation fees, execution fees, arbitration fees, attorney fees, auction fees, travel expenses, etc.) under the main contract, except for the expenses that must be borne by the creditor as required by laws, regulations, administrative rules, etc.); any other payments payable by the debtor to the creditor under the main contract, other than expenses that are not payable by the debtor under laws, regulations and regulations; Guarantor in the contract of guarantee

Any other payments payable to creditors under this item, except for expenses that should not be borne by the guarantor as stipulated by laws, regulations and regulations.

(10) The main contents of the guarantee for Jinko Middle East

1. Guarantee method: joint and several liability guarantee.

2. Guarantee period: The term of the company's guarantee for Jinko Middle East is to assume joint and several guarantee liability for each financing under the main contract in accordance with this contract. In respect of each rollover financing, the guarantee period is three years from the date of expiration of the debt performance period re-agreed in the extension agreement. The company is Jinko Middle East in HSBC Bank (China) Co., Ltd

The guarantee period for foreign exchange derivatives transactions is from the date of January 1, 2025 to December 31, 2025.

The details are subject to the signed agreement.

3. Scope of guarantee: The scope of the company's guarantee for Jinko Middle East is that the creditor provides the debtor with various loans, financing, guarantees, other on-balance sheet and off-balance sheet financial businesses and foreign exchange derivatives transactions in accordance with the main contract, and forms all claims against the debtor, including but not limited to the principal of the creditor's rights, interest (including penalty interest and compound interest), liquidated damages, damages, and the cost of the creditor's realization of the creditor's rights.

(11) The main contents of the guarantee for Hefei Jinko Photovoltaic Materials, Poyang Jinko, CIRS Industrial, Shanxi Jinko No. 3, Guangshun Jinko Photovoltaic Manufacturing, Shangrao Jinko Photovoltaic Manufacturing, and Zhejiang Jinko Energy Storage

1. Guarantee method: joint and several liability guarantee.

2. Guarantee period: three years after the expiration of the debt performance period for the specific business under the contract.

3. Scope of guarantee: the principal and interest, penalty interest, compound interest, liquidated damages, damages and expenses for realizing the creditor's rights and security rights arising under the contract.

4. Reasons and reasonableness of the guarantee

The above-mentioned guarantees are all required for the operating funds of the company's wholly-owned subsidiaries and holding subsidiaries, and the guaranteed parties are all wholly-owned and holding subsidiaries of the company, with stable financial conditions, good credit conditions, solvency and anti-risk capabilities. Among the minority shareholders of the company's holding subsidiaries: the state-owned shareholders need to perform strict approval procedures for external guarantees, and the remaining minority shareholders have no ability to provide guarantees, and the company has full control over the holding subsidiaries.

5. Opinions of the Board of Directors

The above-mentioned financing guarantees are to meet the operating needs of the company's wholly-owned or holding subsidiaries, which are conducive to promoting the business development of the company's subsidiaries, and are all guarantees to the company's wholly-owned or holding subsidiaries, and the overall risks are 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, regulations, normative documents and the Articles of Association of JinkoSolar Co., Ltd.

6. The cumulative number of external guarantees and the number of overdue guarantees

As of the disclosure date of this announcement, the total external guarantee of the company and its subsidiaries is 0 billion yuan, and the total amount of guarantee provided by the company to the holding subsidiary is 47.645 billion yuan, and the above amount accounts for 138.66% and 36.06% of the latest audited net assets and total assets of the listed company respectively, and the company has no overdue external guarantee.

The announcement is hereby made.

JinkoSolar Corporation

board of directors

February 22, 2025