JinkoSolar Files Registration Statement for Follow-on Public Offering in the United States
SHANGHAI, Oct 26, 2010 /PRNewswire via COMTEX/ --JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a fast-growing vertically integrated solar power product manufacturer with low-cost operations based in China, announced today that it filed a registration statement on Form F-1 (the "F-1 Registration Statement") with the U.S. Securities and Exchange Commission ("SEC") relating to a follow-on public offering (the "Offering") in the U.S. of 3,500,000 American Depositary Shares ("ADSs"). Each ADS represents four ordinary shares of the Company.
The Company expects to offer 2,000,000 ADSs and certain selling shareholders (the "Selling Shareholders") expect to offer 1,500,000 ADSs in the Offering. The Company will not receive any proceeds from the sale of ADSs by the Selling Shareholders.
The Company's F-1 Registration Statement is available from the SEC website at http://www.sec.gov . The Offering will be made only by means of a prospectus.
This press release is not an offer of securities of JinkoSolar for sale. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the issuer and its management, as well as financial statements. JinkoSolar is in the process of registering the Offering in the United States.
About JinkoSolar Holding Co., Ltd.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing vertically integrated solar power product manufacturer with low-cost operations based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar's principal products are solar modules, silicon wafers and solar cells. As of June 30, 2010, JinkoSolar had an aggregate of approximately 300 customers for its solar modules, solar cells and silicon wafers from China, Germany, Hong Kong, India, Italy and other countries or regions. For more information about JinkoSolar, please visit http://www.jinkosolar.com .
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company's public filings with the Securities and Exchange Commission, including the Company's registration statement on Form F-1, as amended. All information provided in this press release is as of October 26, 2010. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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