According to AI News, JinkoSolar announced that the company plans to issue Global Depositary Receipts (GDRs) and list them on the Frankfurt Stock Exchange. The GDR issued this time is based on the newly issued RMB ordinary shares (A-shares) of the company as the underlying securities, with an issuance scale not exceeding 10.00% of the total ordinary share capital of the company before this issuance. The total amount of funds raised shall not exceed RMB 4.5 million (or its equivalent in foreign currency), and the net amount after deducting issuance expenses shall be used for the 1GW high-efficiency component project in the United States, the 14GW integrated production base construction project in Shanxi Phase II, and supplementary working capital or repayment of bank loans. The conversion rate between the GDR issued this time and the underlying securities A-share stocks is that each GDR represents 10 shares of the company's A-share common stock.