• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13D/A filed by JinkoSolar Holding Company Limited

    7/3/24 6:35:35 AM ET
    $JKS
    Semiconductors
    Technology
    Get the next $JKS alert in real time by email
    SC 13D/A 1 tm2418733d1_sc13da.htm SC 13D/A

     

     

    UNITED STATES 

    SECURITIES AND EXCHANGE COMMISSION 

    Washington, D.C. 20549

     

    SCHEDULE 13D

     

    Under the Securities Exchange Act of 1934
    (Amendment No. 7)*

     

    JinkoSolar Holding Co., Ltd. 

    (Name of Issuer)

     

     

    Ordinary Shares, Par Value US$0.00002 Per Share (“Ordinary Shares”) 

    (Title of Class of Securities) 

     

     

    47759T100(1) 

    (CUSIP Number)

     

     

    Xiande Li
    1 Yingbin Road, Shangrao
    Economic Development Zone
    Jiangxi Province, 334100
    People’s Republic of China
    Telephone: (86-793) 846-9699
    With a copy to:
    Shuang Zhao, Esq.
    Cleary Gottlieb Steen & Hamilton LLP
    c/o 37th Floor, Hysan Place
    500 Hennessy Road
    Causeway Bay, Hong Kong
    Telephone: +852 2532 3783
     

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

     

     

    June 21, 2024 

    (Date of Event Which Requires Filing of this Statement)

     

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

     

    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

     

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).

     

    (1) This CUSIP number applies to the Issuer’s American Depositary Shares (“ADSs”), which are quoted on New York Stock Exchange under the symbol “JKS.” Each ADS represents four Ordinary Shares.

     

     

     

     

     

    CUSIP No: 47759T100

     

    1.   Names of reporting persons
    Xiande Li
    2.   Check the appropriate box if a member of a group (see instructions)
    (a) ¨ (b) ¨
    3.   SEC use only
    4.   Source of funds (see instructions)
    PF; OO
    5.   Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
    6.   Citizenship or place of organization
    People’s Republic of China
      Number of
    shares
    beneficially
    owned by
    each
    reporting
    person with
    7.

    Sole voting power

    41,551,2761

    8. Shared voting power
    0
    9.

    Sole dispositive power

    41,551,2761

    10. Shared dispositive power
    0
    11.   Aggregate amount beneficially owned by each reporting person
    41,551,276
    12.   Check if the aggregate amount in Row (11) excludes certain shares (see instructions) ¨
    13.   Percent of class represented by amount in Row (11)
    19.5%2
    14.   Type of reporting person (see instructions)
    IN
             

    1.These securities include (i) 37,104,126 Ordinary Shares (including certain Ordinary Shares in the form of ADSs and restricted ADSs) directly held by Brilliant Win Holdings Limited (“Brilliant Win”). Brilliant Win is wholly owned by Cypress Hope Limited, a British Virgin Islands company wholly owned by Xiande Li. Xiande Li is the sole director of Brilliant Win and as such has the power to vote and dispose of the ordinary shares held by Brilliant Win. Therefore, Xiande Li is the beneficial owner of all the Ordinary Shares held by Brilliant Win; (ii) 2,092,136 Ordinary Shares in the form of ADSs purchased by Gorgeous Win Capital Limited (“Gorgeous Win”), a British Virgin Islands company, in the open market between June 18, 2024 and June 25, 2024. Xiande Li holds 51% equity interest in Gorgeous Win and is also a director of Gorgeous Win. By virtue of the arrangements with respect to Gorgeous Win, Xiande Li has sole voting power and disposition power with respect to the Ordinary Shares held by Gorgeous Win. Therefore, Xiande Li is the beneficial owner of all Ordinary Shares held by Gorgeous Win; and (iii) an aggregate of 2,355,014 Ordinary Shares in the form of ADSs upon the vesting of 2,355,014 restricted shares of the Issuer between April 1, 2024 and July 1, 2024, which were granted to Brilliant Win under the 2014 Equity Incentive Plan, 2021 Equity Incentive Plan, 2022 Equity Incentive Plan and 2023 Equity Incentive Plan (as defined below).
      
    2. Based on 212,618,115 Ordinary Shares outstanding as of March 31, 2024.

     

     

     

     

    CUSIP No: 47759T100

     

    1.   Names of reporting persons
    Brilliant Win Holdings Limited
    2.   Check the appropriate box if a member of a group (see instructions)
    (a) ¨ (b) ¨
    3.   SEC use only
    4.   Source of funds (see instructions)
    Not Applicable
    5.   Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
    6.   Citizenship or place of organization
    British Virgin Islands
      Number of
    shares
    beneficially
    owned by
    each
    reporting
    person with
    7.

    Sole voting power

    39,459,1401

    8. Shared voting power
    0
    9.

    Sole dispositive power

    39,459,1401

    10. Shared dispositive power
    0
    11.   Aggregate amount beneficially owned by each reporting person
    39,459,140
    12.   Check if the aggregate amount in Row (11) excludes certain shares (see instructions) ¨
    13.   Percent of class represented by amount in Row (11)
    18.6%2
    14.   Type of reporting person (see instructions)
    CO
             

    1.These securities include (i) 37,104,126 Ordinary Shares (including certain Ordinary Shares in the form of ADSs and restricted ADSs) directly held by Brilliant Win; and (ii) an aggregate of 2,355,014 Ordinary Shares in the form of ADSs upon the vesting of 2,355,014 restricted shares of the Issuer between April 1, 2024 and July 1, 2024, which were granted to Brilliant Win under the 2014 Equity Incentive Plan, 2021 Equity Incentive Plan, 2022 Equity Incentive Plan and 2023 Equity Incentive Plan (as defined below).
      
    2.Based upon 212,618,115 Ordinary Shares outstanding as of March 31, 2024.

     

     

     

     

    This Amendment No. 7 to Schedule 13D amends and supplements the statement on Schedule 13D originally filed with the Securities and Exchange Commission (the “SEC”) on January 31, 2019 (the “Original Schedule 13D”), as amended by Amendment No.1 to Schedule 13D on February 18, 2020, Amendment No.2 to Schedule 13D on December 29, 2020, Amendment No.3 to Schedule 13D on July 22, 2022, Amendment No.4 to Schedule 13D on October 12, 2022, Amendment No. 5 to Schedule 13D on December 9, 2022 and Amendment No. 6 to Schedule 13D on January 5, 2024 (together with the Original Schedule 13D, the “Schedule 13D”), relating to the ordinary shares, par value US$0.00002 per share (“Ordinary Shares”), of JinkoSolar Holding Co., Ltd. (the “Issuer”) filed jointly by Xiande Li and Brilliant Win (collectively, the “Reporting Persons”) and Tanka International Limited. Except as amended and supplemented herein, the information set forth in the Schedule 13D remains unchanged. Capitalized terms used herein without definition have meanings assigned thereto in the Schedule 13D.

     

    ITEM 1.SECURITY AND ISSUER

     

    No modification.

     

    ITEM 2.IDENTITY AND BACKGROUND

     

    No modification.

     

    ITEM 3.SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

     

    Item 3 of the Schedule 13D is hereby amended and supplemented to include the following information:

     

    Between June 18, 2024 and June 25, 2024, Gorgeous Win purchased an aggregate of 2,092,136 Ordinary Shares in the form of ADSs through a series of open market purchases.

     

    Between April 1, 2024 and July 1, 2024, Brilliant Win received an aggregate of 2,355,014 Ordinary Shares in connection with the vesting of 2,355,014 restricted shares of the Issuer that were granted under the 2014 Equity Incentive Plan, 2021 Equity Incentive Plan, 2022 Equity Incentive Plan and 2023 Equity Incentive Plan (as defined below).

     

    ITEM 4.PURPOSE OF TRANSACTION

     

    Item 4 of the Report is hereby amended and supplemented to incorporate by reference the disclosure made under Item 3 and Item 6.

     

    ITEM 5.INTEREST IN SECURITIES OF THE ISSUER

     

    Item 5 of the Schedule 13D is hereby amended and restated as follows:

     

    (a)            Each of the Reporting Persons’ current ownership in the securities of the Issuer is set forth on the cover pages to this Statement on Schedule 13D and is incorporated by reference herein. The ownership percentage appearing on such pages has been calculated based on 212,618,115 Ordinary Shares outstanding as of March 31, 2024. The Reporting Persons disclaim membership in any “group” with any person other than the Reporting Persons.

     

    (b)            The following table sets forth the beneficial ownership of the class of securities reported on for each of the Reporting Persons.

     

             Sole Power        Shared Power 
          Percentage  to  Shared Power  Sole Power to  to 
       Number of Shares  of  Vote/Direct  to Vote/Direct  Dispose/Direct  Dispose/Direct 
    Reporting Person  Beneficially Owned  Securities  Vote  Vote  Disposition  Disposition 
    Xiande Li   41,551,276   19.5%  41,551,276   0   41,551,276   0 
    Brilliant Win   39,459,140   18.6%  39,459,140   0   39,459,140   0 

     

     

     

     

    (c)            Other than as described in Items 3 and 4 above, there have been no transactions in the class of securities reported on that were effected during the past sixty days by any of the Reporting Persons.

     

    (d)            Not applicable.

     

    (e)            Not applicable.

     

    ITEM 6.CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

     

    2014 Equity Incentive Plan

     

    The Issuer adopted the 2014 Equity Incentive Plan in August 2014 (the “2014 Equity Incentive Plan”). The 2014 Equity Incentive Plan provides for the grant of options, restricted shares and other share-based awards, referred to as “Awards,” to the Issuer’s directors, key employees or consultants up to 12,796,745 of the Ordinary Shares. The purpose of the 2014 Equity Incentive Plan is to aid the Issuer in recruiting and retaining key employees, directors or consultants of outstanding ability and to motivate such employees, directors or consultants to exert their best efforts on behalf of the Issuer by providing incentives through the granting of awards. The Issuer’s board of directors expects that the Issuer will benefit from the added interest which such key employees, directors or consultants will have in the Issuer’s welfare as a result of their proprietary interest in the Issuer’s success. The 2014 Equity Incentive Plan is filed as Exhibit 1 hereto.

     

    2021 Equity Incentive Plan

     

    The Issuer adopted the 2021 Equity Incentive Plan in March 2021 (the “2021 Equity Incentive Plan”). The 2021 Equity Incentive Plan provides for the grant of options, restricted shares and other share-based awards, referred to as “Awards,” to the Issuer’s directors, key employees or consultants up to 2,600,000 of the Ordinary Shares. The purpose of the 2021 Equity Incentive Plan is to aid the Issuer in recruiting and retaining key employees, directors or consultants of outstanding ability and to motivate such employees, directors or consultants to exert their best efforts on behalf of the Issuer by providing incentives through the granting of awards. The Issuer’s board of directors expects that the Issuer will benefit from the added interest which such key employees, directors or consultants will have in the Issuer’s welfare as a result of their proprietary interest in the Issuer’s success. The 2021 Equity Incentive Plan is filed as Exhibit 2 hereto.

     

    2022 Equity Incentive Plan

     

    The Issuer adopted the 2022 Equity Incentive Plan in March 2022 (the “2022 Equity Incentive Plan”). The 2022 Equity Incentive Plan provides for the grant of options, restricted shares and other share-based awards, referred to as “Awards,” to the Issuer’s directors, key employees or consultants up to 12,000,000 of the Ordinary Shares. The purpose of the 2022 Equity Incentive Plan is to aid the Issuer in recruiting and retaining directors, consultants or key employees of outstanding ability and to motivate such directors, consultants or key employees to exert their best efforts on behalf of the Issuer by providing incentives through the granting of Awards in recognition of their past and future services. The Issuer’s board of directors expects that the Issuer will benefit from the added interest which such key employees, directors or consultants will have in the Issuer’s welfare as a result of their proprietary interest in the Issuer’s success. The 2022 Equity Incentive Plan is filed as Exhibit 3 hereto.

     

    2023 Equity Incentive Plan

     

    The Issuer adopted the 2023 Equity Incentive Plan in January 2023 (the “2023 Equity Incentive Plan”). The 2023 Equity Incentive Plan provides for the grant of options, restricted shares and other share-based awards, referred to as “Awards,” to the Issuer’s directors, key employees or consultants up to 20,800,000 of the Ordinary Shares. The purpose of the 2023 Equity Incentive Plan is to aid the Issuer in recruiting and retaining directors, consultants or key employees of outstanding ability and to motivate such directors, consultants or key employees to exert their best efforts on behalf of the Issuer by providing incentives through the granting of Awards in recognition of their past and future services. The Issuer’s board of directors expects that the Issuer will benefit from the added interest which such key employees, directors or consultants will have in the Issuer’s welfare as a result of their proprietary interest in the Issuer’s success. The 2024 Equity Incentive Plan is filed as Exhibit 4 hereto.

     

     

     

     

    ITEM 7.MATERIAL TO BE FILED AS EXHIBITS

     

    Item 7 of the 13D is hereby amended and supplemented as follows:

     

    EXHIBIT INDEX

     

    Exhibit Number

     

    Description of Exhibit

    1.   2014 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 of Issuer’s Form S-8 (File No. 333-204082) filed with the SEC on May 12, 2015 and Exhibit 4.8 of Issuer’s annual report on Form 20-F (File No. 001-34615) field with the SEC on April 28, 2023)
    2.   2021 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 of Issuer’s Form S-8 (File No. 333-258999) filed with the SEC on August 23, 2021 and Exhibit 4.24 of Issuer’s annual report on Form 20-F (File No. 001-34615) field with the SEC on April 28, 2023)
    3.   2022 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 of Issuer’s Form S-8 (File No. 333-263307) filed with the SEC on March 4, 2022 and Exhibit 4.25 of Issuer’s annual report on Form 20-F (File No. 001-34615) field with the SEC on April 28, 2023)
    4.   2023 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 of Issuer’s Form S-8 (File No. 333-272918) filed with the SEC on June 26, 2023 and Exhibit 4.26 of Issuer’s annual report on Form 20-F (File No. 001-34615) field with the SEC on April 28, 2023)

     

     

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

    Dated: July 3, 2024

     

      Xiande Li
       
      By: /s/ Xiande Li
      Name: Xiande Li
       
      BRILLIANT WIN HOLDINGS LIMITED
       
      By: /s/ Xiande Li
      Name: Xiande Li
      Title: Sole Director

     

     

     

    Get the next $JKS alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $JKS

    DatePrice TargetRatingAnalyst
    5/5/2025Buy → Sell
    Citigroup
    1/10/2025Underperform → Sell
    Daiwa Securities
    3/21/2024$50.00 → $25.00Buy → Neutral
    ROTH MKM
    2/5/2024$25.00Outperform → Neutral
    Daiwa Securities
    2/5/2024Buy → Hold
    HSBC Securities
    1/26/2024$33.29Outperform
    Daiwa Securities
    1/11/2023$50.00 → $70.00Neutral → Buy
    ROTH Capital
    9/29/2022$76.00Buy
    HSBC Securities
    More analyst ratings

    $JKS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • JinkoSolar downgraded by Citigroup

      Citigroup downgraded JinkoSolar from Buy to Sell

      5/5/25 2:13:46 PM ET
      $JKS
      Semiconductors
      Technology
    • JinkoSolar downgraded by Daiwa Securities

      Daiwa Securities downgraded JinkoSolar from Underperform to Sell

      1/10/25 3:14:29 PM ET
      $JKS
      Semiconductors
      Technology
    • JinkoSolar downgraded by ROTH MKM with a new price target

      ROTH MKM downgraded JinkoSolar from Buy to Neutral and set a new price target of $25.00 from $50.00 previously

      3/21/24 8:59:33 AM ET
      $JKS
      Semiconductors
      Technology

    $JKS
    SEC Filings

    See more
    • SEC Form 6-K filed by JinkoSolar Holding Company Limited

      6-K - JinkoSolar Holding Co., Ltd. (0001481513) (Filer)

      6/13/25 4:35:28 PM ET
      $JKS
      Semiconductors
      Technology
    • SEC Form SD filed by JinkoSolar Holding Company Limited

      SD - JinkoSolar Holding Co., Ltd. (0001481513) (Filer)

      5/30/25 6:01:36 AM ET
      $JKS
      Semiconductors
      Technology
    • SEC Form 6-K filed by JinkoSolar Holding Company Limited

      6-K - JinkoSolar Holding Co., Ltd. (0001481513) (Filer)

      4/29/25 5:10:17 PM ET
      $JKS
      Semiconductors
      Technology