JinkoSolar Comments on Final International Trade Commission Rulings on Imported Chinese Solar Products

    JinkoSolar Comments on Final International Trade Commission Rulings on
                       Imported Chinese Solar Products

PR Newswire

SHANGHAI, Nov. 9, 2012

SHANGHAI, Nov. 9, 2012 /PRNewswire-FirstCall/ --JinkoSolar Holding Co., Ltd.
("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power
product manufacturer, today commented on the final determination of injury by
the United States International Trade Commission ("USITC") concerning the
anti-dumping duty ("AD") and countervailing duty ("CVD") investigation of
imports of crystalline silicon photovoltaic cells and modules from the
People's Republic of China.

The USITC finally determined that imports of crystalline silicon photovoltaic
cells and modules from China "materially injure" a U.S. industry, but the
USITC did not make an affirmative determination regarding critical
circumstances. As a result, the Company will face AD at 15.42% and CVD at
15.24% for the cells and modules imported into the United States after the
respective date of the preliminary determinations on AD and CVD were issued by
the Department of Commerce.

"We are disappointed with the International Trade Commission's final
determination on the injury," commented Mr.Xiande Li, Chairman of JinkoSolar.
"While the decision was partially favorable to us, we believe that this ruling
will have negative effects globally and will ultimately end up hurting
consumers. Trade protectionismbenefits no one and will only hinder the solar
market's development. Despite the circumstances, we remain fully committed to
our customers in the United States and are prepared to meet our contractual
commitments there. As we have stated before, these tariffs are unlikely to
have an impact on our business as the United States continues to account for a
fairly small percentage of our total module shipments. We are still strongly
dedicated to the success of JinkoSolar in the United States."

About JinkoSolar

JinkoSolar is a leading solar power product manufacturer with production
operations in Jiangxi and Zhejiang Provinces in China and sales and marketing
offices in Shanghai and Beijing, China; Munich, Germany; Bologna, Italy;
Montpellier, France; Zug, Switzerland; San Francisco, U.S.; Queensland,
Australia; Ontario, Canada and Singapore.

JinkoSolar has built a vertically integrated solar product value chain with an
integrated annual capacity of approximately 1.2GW each for silicon wafers,
solar cells and solar modules as of June 30, 2012. JinkoSolar distributes its
photovoltaic products to a diversified customer base in the global PV market,
including in Germany, Italy, Belgium, Spain, the United States, France,
Eastern Europe, China and other countries and regions.

Safe Harbor Statement

This press release may contain 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.
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:

Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21 6061 1792
Email: ir@jinkosolar.com 

Christian Arnell
Christensen
Tel: +86 10 5826 4939
Email: carnell@christensenIR.com

In the U.S.:

Jeff Bloker
Christensen
Tel: +1 480 614 3003
Email: jbloker@christensenIR.com



SOURCE JinkoSolar Holding Co., Ltd.

Website: http://www.jinkosolar.com
 
Press spacebar to pause and continue. Press esc to stop.