SEC Form SC 13D/A filed by JinkoSolar Holding Company Limited (Amendment)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of
1934
(Amendment No. 3)*
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 Jingke 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)
July 1, 2022
(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 in 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 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(1) This CUSIP number applies to the Issuer’s American Depositary Shares, each representing 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) x | ||
3. | SEC use only | ||
4. |
Source of funds (see instructions) SC | ||
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 20,439,5241 | |
8. |
Shared voting power 0 | ||
9. |
Sole dispositive power 20,439,5241 | ||
10. |
Shared dispositive power 0 | ||
11. |
Aggregate amount beneficially owned by each reporting person 20,439,524 | ||
12. | Check if the aggregate amount in Row (11) excludes certain shares (see instructions) ¨ | ||
13. |
Percent of class represented by amount in Row (11) 10.2%2 | ||
14. |
Type of reporting person (see instructions) IN | ||
1. | These securities include 20,439,524 Ordinary Shares of the Issuer (including certain Ordinary Shares in the form of American depositary shares and restricted American depositary shares) 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 Issuer’s ordinary shares held by Brilliant Win. |
2. | Based on 200,494,033 Ordinary Shares outstanding as of July 1, 2022. |
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) x | ||
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 20,439,5241 | |
8. |
Shared voting power 0 | ||
9. |
Sole dispositive power 20,439,5241 | ||
10. |
Shared dispositive power 0 | ||
11. |
Aggregate amount beneficially owned by each reporting person 20,439,524 | ||
12. | Check if the aggregate amount in Row (11) excludes certain shares (see instructions) ¨ | ||
13. |
Percent of class represented by amount in Row (11) 10.2%2 | ||
14. |
Type of reporting person (see instructions) CO | ||
1. | These securities include 20,439,524 Ordinary Shares (including certain Ordinary Shares in the form of American depositary shares and restricted American depositary shares). |
2. | Based on 200,494,033 Ordinary Shares outstanding as of July 1, 2022. |
This Amendment No. 3 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 the Amendment No.1 to Schedule 13D on February 18, 2020 and the Amendment No.2 to Schedule 13D on December 14, 2020 (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 |
Item 2 of the Schedule 13D is hereby amended and supplemented to include the following information:
The registered address of Brilliant Win is Commerce House, Wickhams Cay 1, P. O. Box 3140, Road Town, Tortola, British Virgin Islands VG1110.
Except for the above, no modification to other information in Item 2.
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:
As of July 1, 2022, 3,866,772 restricted shares of the Issuer which were granted to the Reporting Persons under the Issuer’s 2014 Equity Incentive Plan, 2021 Equity Incentive Plan and 2022 Equity Incentive Plan have been vested.
ITEM 4. | PURPOSE OF TRANSACTION |
The information set forth in Items 3 and 6 is hereby incorporated by reference in this Item 4.
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 200,494,033 Ordinary Shares outstanding as of July 1, 2022. 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 | 20,439,524 | 10.2 | % | 20,439,524 | 0 | 20,439,524 | 0 | |||||||||||||||||
Brilliant Win | 20,439,524 | 10.2 | % | 20,439,524 | 0 | 20,439,524 | 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 an exhibit hereto and is incorporated herein by reference.
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 an exhibit hereto and is incorporated herein by reference.
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 an exhibit hereto and is incorporated herein by reference.
ITEM 7. | MATERIAL TO BE FILED AS EXHIBITS |
Item 7 of the Schedule 13D is hereby amended and restated as follows:
The following documents are filed as exhibits:
EXHIBIT INDEX
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 22, 2022
Xiande Li | |||
By: | /s/ Xiande Li | ||
Name: Xiande Li |
BRILLIANT WIN HOLDINGS LIMITED | |||
By: | /s/ Xiande Li | ||
Name: Xiande Li | |||
Title: Sole Director |