JinkoSolar Announces Changes to its Board of Directors

JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, announced that Mr. Yingqiu Liu has resigned as an independent Director of the Company, and has ceased to be a member of the audit committee and the nominating and corporate governance committee of the Company, effective August 20, 2024. The departure of Mr. Yingqiu Liu was not due to any disagreement with the Company. Mr. Gang Chu has been appointed as an independent Director of the Company and a member of the audit committee and the nominating and corporate governance committee of the Company, effective August 20, 2024.

Mr. Gang Chu served as the Chief Operating Officer and a member of the management committee of China International Capital Corporation Limited (“CICC”) from March 2015 to February 2024. Between November 2015 and August 2024, he served as Director on the boards of various subsidiaries of CICC. Between May 2009 and March 2015, he held various leadership roles at CICC, including as the head of strategy research in the research department, the head of capital markets, and the Deputy Chief Operating Officer of CICC. Prior to joining CICC, he worked at Citigroup from September 1993 to August 2008, holding various roles, including risk manager of emerging markets, proprietary trader of U.S. municipal bonds, Head of the Latin American equity derivatives business, and Managing Director of Citigroup Alternative Investments. Mr. Chu obtained a bachelor’s degree in physics from the University of Science and Technology of China in July 1987 and a Ph.D. in theoretical physics from Northeastern University in the United States in September 1993. He also attended the Leonard N. Stern School of Business at New York University from September 1996 to June 1997. Mr. Chu became a Chartered Financial Analyst in September 2002.

“On behalf of our Board and our shareholders, we want to express our thanks to Mr. Liu for his service to JinkoSolar, and wish him all the best in his future endeavors,” commented Mr. Xiande Li, Chairman and CEO of JinkoSolar. “We believe Mr. Chu’s extensive experience in the capital markets is a valuable asset to our Board, and his contributions will help the Company deliver on its commitment to achieve outstanding performance and maximize shareholder value.”