Zheng Quan Zhi Xing·2025-08-22 13:19Core Viewpoint - JinkoSolar Technology Co., Ltd. has completed the project "Baotou Jinko (Phase III) 20GW Pulling and Slicing Project" and has decided to conclude this fundraising project as it has reached the intended usable state [1][4]. Fundraising Overview - The company issued 89,603,077 convertible bonds with a face value of RMB 100 each, raising a total of RMB 8,960,307,700, with a net amount of RMB 8,933,848,025.97 after deducting issuance costs [1][2]. - The funds raised will be allocated to several projects, including: - Baotou Jinko (Phase III) 20GW Pulling and Slicing Project: RMB 2,700,000,000 - Annual production of 10GW high-efficiency batteries and 5GW high-efficiency modules: RMB 2,334,484,600 - Annual production of 10GW high-efficiency solar cells: RMB 1,500,000,000 - Supplementing working capital: RMB 2,399,363,425.97 - Total: RMB 8,933,848,025.97 [2]. Project Implementation and Conclusion - The "Baotou Jinko (Phase III) 20GW Pulling and Slicing Project" has been audited and confirmed to have reached the intended usable state, with the following financial details: - Total investment: RMB 305,755.16 million - Net interest income: RMB 305,736.55 million - Remaining funds: RMB 0.00 million [4][6]. - The project has no surplus funds, and any excess investment beyond the planned amount will be covered by the company's own funds [5]. Regulatory Compliance and Approval - The conclusion of the fundraising project was approved by the company's sixth board of directors and the supervisory board, confirming compliance with relevant regulations [7][8]. - The sponsor, CITIC Securities, has verified that the necessary approval procedures were followed and has no objections to the conclusion of the fundraising project [8].