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SHANGHAI, September 19, 2011 / -- JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company") (NYSE: JKS), a fast-growing, vertically-integrated PV manufacturer with production facilities in China, today addressed environmental concerns related to its facility in Haining city, Zhejiang Province, China. Recent reports indicate that Zhejiang Jinko Co., Ltd. (“Zhejiang Jinko”), a subsidiary of JinkoSolar, discharged a small amount of solid waste containing fluoride into a nearby brook. In response to the concerns of local residents and in full cooperation with the local government’s investigation, Zhejiang Jinko has temporarily suspended production at its facility in Haining until the impact of any possible environmental damage has been assessed and remedied. An initial investigation conducted by the local environmental protection authority indicates that the issue may have been caused by the company’s transitory storage of waste as it sought a new waste management contactor to comply with the environmental authority’s latest policy. During this time, unexpected and extreme rain conditions may have caused a small amount of waste containing fluoride to flow into the nearby brook via the factory’s drainage system. This unfortunate incident has greatly impacted the management team of JinkoSolar. The Company takes pride in its environmental compliances, and has met or exceeded all requirements for ISO 14001 certification. Additionally, JinkoSolar ensures that all its factories are equipped with state of the art machines designed for minimal environmental impact. The Company’s investigation team is carrying out an in-depth examination of the Zhejiang factory to identify the root cause of the incident and is also seeking a third party agency to conduct joint investigations. The halt in production is not expected to have material impact on JinkoSolar’s operations and module delivery commitment to its customers. JinkoSolar’s main factory in Shangrao, Jiangxi, is in full operation and has enough stocks to keep producing and meet customer demands. The Company will update the market as the situation evolves.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 11.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of December 31, 2019.
JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.
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Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "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 can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
In China:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@kbmyaudio.com
