JinkoSolar Holding Co., Ltd. has announced an expansion of its current Share Repurchase Program. The board has authorized an increase in the total value of Class A ordinary shares, represented by American depositary shares, from $200 million to $350 million. Additionally, they have extended the program’s duration, allowing it to continue until June 30, 2026.
Under this Extended Share Repurchase Program, the company is permitted to repurchase up to approximately $215.5 million worth of its Class A ordinary shares, represented by ADSs, by the new termination date in 2026.
The share repurchase initiative originally commenced in July 2022, with initial approval to buy back up to $200 million in Class A ordinary shares via ADSs. In December 2023, the company extended the program by another 18 months, pushing the end date to June 30, 2025. To date, JinkoSolar has acquired approximately $134.5 million of ADSs under the existing program limits.
