Summary by Moomoo AI
JinkoSolar has upsized and extended its existing share repurchase program. The Board approved increasing the repurchase limit from $200 million to $350 million and extended the program by 12 months through June 30, 2026. As of the announcement, the company had repurchased approximately $134.5 million of ADSs under the existing program.The extended program allows JinkoSolar to repurchase up to $215.5 million of its Class A ordinary shares represented by ADSs. Repurchases may be made on the open market, through privately negotiated transactions, or other legal means. The company plans to use existing funds and external financing to fund the repurchases.CEO Xiande Li stated that the program's expansion reflects confidence in JinkoSolar's long-term growth. He highlighted the company's N-type TOPCon technology, global operations, and integrated capacity as key advantages in capturing sector growth opportunities. The move underscores JinkoSolar's commitment to creating sustainable shareholder value.