JinkoSolar Upsizes and Extends Share Repurchase Program

Share Repurchase Program - The company has approved the upsizing and extension of its existing share repurchase program, increasing the aggregate value from $200 million to $350 million [1][3] - The existing share repurchase program was initially launched in July 2022 and extended by 18 months through June 30, 2025, with $134.5 million of ADSs repurchased as of the press release date [2][3] - The extended share repurchase program allows the company to repurchase up to approximately $215.5 million of its Class A ordinary shares represented by ADSs through June 30, 2026 [3] Company Overview - JinkoSolar is one of the largest and most innovative solar module manufacturers globally, with a diversified international customer base across multiple countries and regions [6] - The company operates over 10 production facilities globally and has more than 20 overseas subsidiaries, supported by a global sales network with teams in various countries [7] Management Commentary - The upsizing and extension of the share repurchase program reflect the company's confidence in its long-term business growth, driven by its N-type TOPCon technology, global operation network, and advanced integrated capacity structure [5]