JinkoSolar Upsizes Share Repurchase Program To $350 Mln, Extends Until June 2026

JinkoSolar

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(RTTNews) - JinkoSolar Holding Co., Ltd. (JKS) said that its board has approved to upsize the Existing Share Repurchase Program by increasing the aggregate value of Class A ordinary shares represented by American depositary shares that may be repurchased from US$200 million to US$350 million. In addition, the Board has also approved to extend the Existing Share Repurchase Program for an additional 12-month period through June 30, 2026.

Under the Extended Share Repurchase Program, the company may repurchase up to approximately US$215.5 million of its Class A ordinary shares represented by the ADSs through June 30, 2026.

The company launched a share repurchase program in July 2022, whereby the Company was authorized to repurchase up to US$200 million of its Class A ordinary shares represented by American depositary shares or "ADSs".

In December 2023, the company extended the share repurchase program by 18 months through June 30, 2025. As of the date of this press release, the Company had repurchased approximately US$134.5 million of the ADSs authorized under the Existing Share Repurchase Program.