JinkoSolar Reshuffles Senior Management Ahead of Subsidiary Listing on Exchange

Ahead of the proposed listing of its principal operating subsidiary, Jinko Solar Co Ltd (Jiangxi Jinko), JinkoSolar Holding Co Ltd has reshuffled its senior management to comply with certain business operation independence requirements of the Shanghai Stock Exchange’s Sci-Tech Innovation Board (the STAR Market).

Thus, the company’s current CFO, Haiyun (Charlie) Cao has resigned as chief financial officer (CFO) of the company, with immediate effect. Now, he will carry out his responsibility at Jiangxi Jinko and will continue serving as a director of the company, Jinko Solar said in a statement.

Moreover, Mengmeng (Pan) Li has been appointed as CFO of the company, with immediate effect. He has been the deputy director of finance of the company since 2021. Prior to that, Li served as the senior internal audit manager of the company from July 2017 to 2021.

Before joining the company, Li served as an internal control manager of Hi-P International Ltd, an SGX listed company, from 2016 to 2017, and an internal audit manager of Canadian Solar, a Nasdaq listed company, from 2010 to 2015. Prior to that, Li served at Ernst & Young and KPMG.

Li is a Certified Internal Auditor, and received his Bachelor’s degree in Economics from Shanghai University of Finance and Economics in 2003.

Commenting on Pan Li’s appointment, Xiande Li, Chairman and CEO of JinkoSolar, said “we are pleased to welcome Pan as our chief financial officer. Pan has extensive experience in the industry, knows JinkoSolar well, and is highly qualified to serve as our chief financial officer.

Meanwhile, the solar module manufacturer said that it does not believe that this change to its senior management team will have any material impact on its business operations.

The company distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base worldwide. It has built a vertically integrated solar product value chain, with an integrated annual capacity of 22 GW for mono wafers, 11 GW for solar cells, and 31 GW for solar modules, as of December 31, 2020. It has 9 production facilities globally, 23 overseas subsidiaries and global sales teams as of December 31, 2020.