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Investor Presentaiton

Robust global solar demand - the solar train is going faster now Solar Jinko Building Your Trust in Solar Policy support from major economies underpins strong future demand Sep 2020 President Xi Jinping announced new emissions goals on the 75th United Nations General Assembly China targets to reach carbon emissions peak before 2030 and to achieve carbon neutrality before 2060 Oct 2020 The Communist Party of China released its proposal for formulating China's 14th Five-Year Plan (2021- 2025) Renewable energy listed among the strategic emerging industries for the next five years Green and low-carbon economic development reiterated. Infrastructure for renewable energy to be further improved Global solar demand 2020-2023 (1) (GW) r We remain optimistic about global installation levels in 2021 New installation in China is expected | to reach 55-65 GW in 2021, and to reach 70-90 GW during the "14th Five- Year Plan" period annually 210 192 185 140 Dec 2020 The EU's 27 member agreed to raise the carbon reduction targets from 40 % to 55% by 2030 According to 2030 Climate Target Plan, the carbon reduction target will increase to 80-95 % by 2050 Nov 2020 Joe Biden declared the winner in the 59th presidential election. Biden's platform involves major commitments to climate change, including ■ To spend a massive US$2 trillion over 4 years to promote carbon neutral by 2050 To expand and/or extend federal tax credits for clean energy To entirely decarbonize the US carbon sector by 2035 2020A 2021E 2022E 2023E I Many countries have laid out stronger solar deployment plans. I Stronger global solar build is I expected in the next few years | Source: Bloomberg New Energy Finance ("BNEF") and broker reports. Notes: (1) (2) As per the average of optimistic and conservative forecasts from Q1 2021 Global PV Market Outlook by BNEF. According 2020 PV Industry Development and "14th Five-Year Plan" Prospects by CPIA 6
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