JKS · JinkoSolar Holding Co., Ltd.

JinkoSolar is executing a strategic disposal of 75.1% of its U.S. subsidiary Jinko Industries to FH JKV Holdings Limited for approximately US$191.5 million, retaining a 24.9% minority stake. This transaction, valued in line with an independent appraisal of RMB1,797 million as of November 30, 2025 by Jinzheng (Shanghai) Assets Appraisal Co Ltd, has received board approval and is structured with payments across three tranches tied to closing and subsequent conditions. Upon completion, Jinko Industries will deconsolidate from JinkoSolar's financials, with the subsidiary retaining its claims and bearing its liabilities independently. The move supports the company's overseas business restructuring amid global macroeconomic uncertainties, aiming to boost operational efficiency, flexibility, and risk management while preserving U.S. market presence through continued photovoltaic product sales. Investors should note the deal remains subject to regulatory approvals and other customary conditions, with no certainty of closing.