Exhibit 10.1


 


JINKOSOLAR HOLDING CO., LTD.

2022 EQUITY INCENTIVE PLAN


 


		1.	Purpose of the Plan



 


The purpose of the Plan is to aid the Company 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 Company by providing incentives through the granting of Awards in recognition
of their past and future services. The Company expects that it will benefit from the added interest which such key employees, directors
or consultants will have in the welfare of the Company as a result of their proprietary interest in the Company’s success.


 


		2.	Definitions



 


The following capitalized terms used in the Plan
have the respective meanings set forth in this Section:


 


		(a)	Applicable Laws: All laws, statutes, regulations, ordinances, rules or governmental requirements that are applicable to this
Plan or any Award granted pursuant to this Plan, including but not limited to applicable laws of the People’s Republic of China,
the United States and the Cayman Islands, and the rules and requirements of any applicable national securities exchange.



 


		(b)	Act: The U.S. Securities Exchange Act of 1934, as amended, or any successor thereto.



 


		(c)	Affiliate: With respect to the Company, any entity directly or indirectly controlling, controlled by, or under common control
with, the Company or any other entity designated by the Board in which the Company or an Affiliate has an interest.



 


		(d)	Award: An Option, Restricted Share or Other Share-Based Award.



 


		(e)	Beneficial Owner: A “beneficial owner”, as such term is defined in Rule 13d-3 under the Act (or any successor rule
thereto).



 


		(f)	Board: The board of directors of the Company.



 


		(g)	Change in Control: The occurrence of any of the following events:



 


		(i)	the sale or disposition, in one or a series of related transactions, of all or substantially all, of the assets of the Company to
any “person” or “group” (as such terms are defined in Sections 13(d)(3) or 14(d)(2) of the Act) other than the
Permitted Holders; or



 


		(ii)	any person or group, other than the Permitted Holders, is or becomes the Beneficial Owner (except that a person shall be deemed to
have “beneficial ownership” of all shares that any such person has the right to acquire, whether such right is exercisable
immediately or only after the passage of time), directly or indirectly, of more than 50% of the total voting power of the voting share
of the Company (or any entity which controls the Company), including by way of merger, consolidation, tender or exchange offer or otherwise.



 






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		(h)	Code: The U.S. Internal Revenue Code of 1986, as amended, or any successor thereto.



 


		(i)	Committee: The compensation committee of the Board.



 


		(j)	Company: JinkoSolar Holding Co., Ltd., a company incorporated under the laws of the Cayman Islands.



 


		(k)	Disability: Inability of a Participant to perform in all material respects his duties and responsibilities to the Company,
or any Subsidiary of the Company, by reason of a physical or mental disability or infirmity which inability is reasonably expected to
be permanent and has continued (i) for a period of not less than 90 consecutive days or (ii) such shorter period as the Committee may
reasonably determine in good faith. The Disability determination shall be in the sole discretion of the Committee and a Participant (or
his representative) shall furnish the Committee with medical evidence documenting the Participant’s disability or infirmity which
is satisfactory to the Committee.



 


		(l)	Effective Date: The date the Board approves the Plan, or such later date as is designated by the Board.



 


		(m)	Fair Market Value: On a given date, (i) if there should be a public market for the Shares on such date, the closing price of
the Shares as reported on such date on the Composite Tape of the principal national securities exchange on which such Shares are listed
or admitted to trading, or (ii) if there should not be a public market for the Shares on such date, the Fair Market Value shall be the
value established by the Committee in good faith.



 


		(n)	ISO: An Option that is also an incentive share option granted pursuant to Section 6(d) of the Plan.



 


		(o)	Other Share-Based Awards: Awards granted pursuant to Section 8 of the Plan.



 


		(p)	Option: A share option granted pursuant to Section 6 of the Plan.



 


		(q)	Option Price: The purchase price per Share of an Option, as determined pursuant to Section 6(a) of the Plan.



 


		(r)	Participant: An employee, director or consultant who is selected by the Committee to participate in the Plan.



 






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		(s)	Permitted Holder: means, as of the date of determination, (i) the Company or (ii) any employee benefit plan (or trust
forming a part thereof) maintained by (A) the Company or (B) any corporation or other Person of which a majority of its voting power of
its voting equity securities or equity interest is owned, directly or indirectly, by the Company,



 


		(t)	Person: A “person”, as such term is used for purposes of Section 13(d) or 14(d) of the Act (or any successor section
thereto).



 


		(u)	Plan: This JinkoSolar Holding Co., Ltd. 2022 Equity Incentive Plan.



 


		(v)	Restricted Shares: Shares granted to a Participant under Section 7 hereof which are subject to certain restrictions (which
may include, but are not limited to, continuous Service, achievement of specific business objectives, increases in specified indices,
attaining growth rates, and other comparable measurements of the Company or its Subsidiaries’ performance) and to a risk of forfeiture
or repurchase by or surrender to the Company.



 


		(w)	Service: The term “Service” as used herein shall be deemed to refer to (i) a Participant’s employment if
the Participant is a key employee of the Company, (ii) a Participant’s services as a consultant, if the Participant is consultant
to the Company and (iii) a Participant’s services as an non-employee director, if the Participant is a non-employee member of the
Board.



 


		(x)	Shares: Ordinary Shares of the Company, nominal value US$0.00002 per share.



 


		(y)	Subsidiary: A corporation or other entity of which a majority of the issued and outstanding voting shares or voting power is
beneficially owned directly or indirectly by the Company.



 


		3.	Shares Subject to the Plan



 


The total number of Shares which may be issued
under the Plan is 12,000,000. The Shares may consist, in whole or in part, of authorized and unissued Shares or Shares purchased on the
open market. The issuance of Shares or the payment of cash upon the exercise of an Award or in consideration of the cancellation or termination
of an Award shall reduce the total number of Shares available under the Plan, as applicable. Shares which are subject to Awards which
terminate or lapse without the payment of consideration may be granted again under the Plan.


 


		4.	Administration



 


The Plan shall be administered by the Committee,
which may delegate its duties and powers in whole or in part to any subcommittee thereof. Awards may, in the discretion of the Committee,
be made under the Plan in assumption of, or in substitution for, outstanding awards previously granted by the Company or its subsidiaries
or a company acquired by the Company or with which the Company combines. The number of Shares underlying such substitute awards shall
be counted against the aggregate number of Shares available for Awards under the Plan. The Committee is authorized to interpret the Plan,
to establish, amend and rescind any rules and regulations relating to the Plan, and to make any other determinations that it deems necessary
or desirable for the administration of the Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency
in the Plan in the manner and to the extent the Committee deems necessary or desirable. Any decision of the Committee in the interpretation
and administration of the Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive
and binding on all parties concerned (including, but not limited to, Participants and their beneficiaries or successors). The Committee
shall have the full power and authority to establish the terms and conditions of any Award consistent with the provisions of the Plan
and to waive any such terms and conditions at any time (including, without limitation, accelerating or waiving any vesting conditions).
The Committee shall require payment of any amount it may determine to be necessary to withhold for any applicable taxes as a result of
the exercise, grant or vesting of an Award. Unless the Committee specifies otherwise, the Participant may elect to pay a portion or all
of such withholding taxes by (a) delivery in Shares or (b) having Shares withheld by the Company from any Shares that would have otherwise
been received by the Participant.


 






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		5.	Limitations



 


No Award may be granted under the Plan after the
tenth anniversary of the Effective Date, but Awards theretofore granted may extend beyond that date.


 


		6.	Terms and Conditions of Options



 


Options granted under the Plan shall be, as determined
by the Committee, non-qualified or incentive share options for U.S. federal income tax purposes, as evidenced by the related Award agreements,
and shall be subject to the foregoing and the following terms and conditions and to such other terms and conditions, not inconsistent
therewith, as the Committee shall determine:


 


		(a)	Option Price. The Option Price per Share shall be determined by the Committee, unless expressly approved by the Committee,
shall not be less than 100% of the Fair Market Value of the Shares on the date an Option is granted.



 


		(b)	Exercisability. Options granted under the Plan shall be exercisable at such time and upon such terms and conditions as may
be determined by the Committee, but in no event shall an Option be exercisable more than ten years after the date on which it is granted.



 


		(c)	Exercise of Options. Except as otherwise provided in the Plan or in an Award agreement, an Option may be exercised for all,
or from time to time any part, of the Shares for which it is then exercisable. For purposes of this Section 6 of the Plan, the exercise
date of an Option shall be the later of the date a notice of exercise is received by the Company and, if applicable, the date payment
is received by the Company pursuant to clauses (i), (ii), (iii) or (iv) in the following sentence. The purchase price for the Shares as
to which an Option is exercised shall be paid to the Company in full at the time of exercise at the election of the Participant (i) in
cash or its equivalent (e.g., by check), (ii) to the extent permitted by the Committee, by a repurchase by the Company of Shares having
a Fair Market Value equal to the aggregate Option Price for the Shares being purchased, and the utilization of the repurchase price as
the payment of the purchase price and satisfying such other requirements as may be imposed by the Committee; provided, that such Shares
have been held by the Participant for no less than six months (or such other period as established from time to time by the Committee
in order to avoid adverse accounting treatment applying generally accepted accounting principles), (iii) partly in cash and, to the extent
permitted by the Committee and subject to the other requirements and conditions set forth above in (ii), partly in Shares or (iv) if there
is a public market for the Shares at such time, through the delivery of irrevocable instructions to a broker to sell Shares obtained upon
the exercise of the Option and to deliver promptly to the Company an amount out of the proceeds of such sale equal to the aggregate Option
Price for the Shares being purchased. No Participant shall have any rights to dividends or other rights of a shareholder with respect
to Shares subject to an Option until the Participant has given written notice of exercise of the Option, paid in full for such Shares
and, if applicable, has satisfied any other conditions imposed by the Committee pursuant to the Plan.



 






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		(d)	ISOs. The Committee may grant Options under the Plan that are intended to be ISOs. Such ISOs shall comply with the requirements
of Section 422 of the Code (or any successor section thereto). No ISO may be granted to any Participant who at the time of such grant,
owns more than ten percent of the total combined voting power of all classes of shares of the Company or of any Subsidiary, unless (i)
the Option Price for such ISO is at least 110% of the Fair Market Value of a Share on the date the ISO is granted and (ii) the date on
which such ISO terminates is a date not later than the day preceding the fifth anniversary of the date on which the ISO is granted. Any
Participant who disposes of Shares acquired upon the exercise of an ISO either (i) within two years after the date of grant of such ISO
or (ii) within one year after the transfer of such Shares to the Participant, shall notify the Company of such disposition and of the
amount realized upon such disposition. All Options granted under the Plan are intended to be nonqualified share options, unless the applicable
Award agreement expressly states that the Option is intended to be an ISO. If an Option is intended to be an ISO, and if for any reason
such Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof)
shall be regarded as a nonqualified share option granted under the Plan; provided that such Option (or portion thereof) otherwise complies
with the Plan’s requirements relating to nonqualified share options. In no event shall any member of the Committee, the Company
or any of its Affiliates (or their respective employees, officers or directors) have any liability to any Participant (or any other Person)
due to the failure of an Option to qualify for any reason as an ISO.



 


		(e)	Attestation. Wherever in this Plan or any agreement evidencing an Award a Participant is permitted to pay the exercise price
of an Option or taxes relating to the exercise of an Option by delivering Shares, the Participant may, subject to procedures satisfactory
to the Committee, satisfy such delivery requirement by presenting proof of beneficial ownership of such Shares, in which case the Company
shall treat the Option as exercised without further payment and shall withhold such number of Shares from the Shares acquired by the exercise
of the Option.



 






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		7.	Terms and Conditions of Restricted Shares



 


		(a)	Grants. The Committee, at any time and from time to time, may grant Restricted Shares to Participants as the Committee, in
its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of Restricted Shares to be granted
to each Participant. The terms and conditions of each grant of Restricted Shares shall be evidenced by an Award agreement that will specify
the terms and conditions of such Award as the Committee, in its sole discretion, may determine.



 


		(b)	Terms. Awards of Restricted Shares may be subject to restrictions and vesting conditions, including time-based vesting conditions
and/or the attainment of performance-based vesting conditions, as determined by the Committee. To the extent consistent with the Company’s
Articles of Association at the Committee’s election, Restricted Shares issued shall be recorded in the Company's register of members
as required by Cayman Islands law and in addition the Company may issue a share certificate reflecting such registration. If certificates
representing Restricted Shares are registered in the name of the Participant, certificates must bear an appropriate legend referring to
the terms, conditions and restrictions applicable to such Restricted Shares, and the Committee may, at its discretion, retain physical
possession of the certificates until such time as all applicable restrictions lapse. All applicable restrictions and/or other conditions
attached to the Restricted Shares will lapse at such times and in such manner as the Committee determines; provided, however, that the
Committee may, on such terms and conditions as it determines appropriate, accelerate the time at which restrictions or other conditions
on such awards of Restricted Shares will lapse. Unless otherwise specified by the Committee in the Award agreement, the Restricted Shares
that are subject to restrictions which are not satisfied shall be forfeited and repurchased by or surrendered to the Company and all rights
of the Participant to such Shares shall terminate.



 


		(c)	Rights as a Shareholder. Unless otherwise specified in the Award agreement, each Award of Restricted Shares shall constitute
an immediate transfer of the record and beneficial ownership of the Restricted Shares to the Participant upon registration of such Restricted
Shares in the Company's register of members in consideration of the performance of Services as a director, key employee or consultant
of the Company, as applicable, entitling such Participant to all voting, dividends and other ownership rights in such Shares. In the Award
agreement, the Committee, in its discretion, may apply any other restrictions on the dividend rights that the Committee deems appropriate.



 






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		(d)	Consideration for Restricted Shares. Restricted Shares shall be awarded in consideration of the performance of Services as
a director, key employee or consultant of the Company, as applicable, and no additional consideration or such additional consideration
as the Committee may determine satisfies Cayman Islands corporate law requirements, which consideration may be less than, equal to or
greater than the Fair Market Value of the shares of Restricted Shares on the grant date, and in each case having a value no less than
the par value of the Restricted Shares issued.



 


		8.	Other Share-Based Awards



 


The Committee, in its sole discretion, may grant
or sell Awards that are valued in whole or in part by reference to, or are otherwise based on the Fair Market Value of, Shares (“Other
Share-Based Awards”). Such Other Share-Based Awards shall be in such form, and dependent on such conditions, as the Committee shall
determine, including, without limitation, the right to receive, or vest with respect to, one or more Shares (or the equivalent cash value
of such Shares) upon the completion of a specified period of service, the occurrence of an event and/or the attainment of performance
objectives. Other Share-Based Awards may be granted alone or in addition to any other Awards granted under the Plan. Subject to the provisions
of the Plan, the Committee shall determine to whom and when Other Share-Based Awards will be made, the number of Shares to be awarded
under (or otherwise related to) such Other Share-Based Awards; whether such Other Share-Based Awards shall be settled in cash, Shares
or a combination of cash and Shares, provided always that no Shares shall be issued for less than the par value of such Shares; and all
other terms and conditions of such Awards (including, without limitation, the vesting provisions thereof and provisions ensuring that
all Shares so awarded and issued shall be fully paid and non-assessable).


 


		9.	Adjustments Upon Certain Events



 


Notwithstanding any other provisions in the Plan
to the contrary, the following provisions shall apply to all Awards granted under the Plan:


 


		(a)	Generally. In the event of any change in the number of issued and outstanding Shares after the Effective Date by reason of
any Share dividend or subdivision, reorganization, recapitalization, merger, consolidation, spin-off, combination, combination or transaction
or exchange of Shares or other corporate exchange, or any distribution to shareholders of Shares other than regular cash dividends or
any transaction similar to the foregoing, the Committee in its sole discretion and without liability to any person shall make such substitution
or adjustment, if any, as it deems to be equitable, as to (i) the number or kind of Shares or other securities issued or reserved for
issuance pursuant to the Plan or pursuant to outstanding Awards, (ii) the maximum number of Shares for which Options or Restricted Shares
may be granted during a calendar year to any Participant, (iii) the maximum number of Shares for which Other Share-Based Awards may be
granted during a calendar year to any Participant, (iv) the maximum amount of an Award that is valued in whole or in part by reference
to, or is otherwise based on the Fair Market Value of, Shares that may be granted during a calendar year to any Participant, (v) the Option
Price and/or (vi) any other affected terms of such Awards.



 






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		(b)	Change in Control. In the event of a Change in Control after the Effective Date, (i) if determined by the Committee in the
applicable Award agreement or otherwise, any outstanding Awards then held by Participants which are unexercisable or otherwise unvested
or subject to lapse restrictions shall automatically be deemed exercisable or otherwise vested or no longer subject to lapse restrictions,
as the case may be, as of immediately prior to such Change in Control and (ii) the Committee may, but shall not be obligated to, (A) cancel
such Awards for fair value (as determined in the sole discretion of the Committee) which, in the case of Options and Restricted Shares,
may equal the excess, if any, of value of the consideration to be paid in the Change in Control transaction to holders of the same number
of Shares subject to such Options or Restricted Shares (or, if no consideration is paid in any such transaction, the Fair Market Value
of the Shares subject to such Options or Restricted Shares) over the aggregate exercise price of such Options or Restricted Shares, (B)
provide for the issuance of substitute Awards that will substantially preserve the otherwise applicable terms of any affected Awards previously
granted hereunder as determined by the Committee in its sole discretion or (C) provide that for a period of at least 15 days prior to
the Change in Control, such Options shall be exercisable as to all Shares subject thereto and that upon the occurrence of the Change in
Control, such Options shall terminate and be of no further force and effect.



 


		10.	No Right to Service or Awards



 


The granting of an Award under the Plan shall impose
no obligation on the Company or any Subsidiary to continue the Service of a Participant and shall not lessen or affect the Company’s
or Subsidiary’s right to terminate the Service of such Participant. No Participant or other Person shall have any claim to be granted
any Award, and there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of Awards. The terms and
conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect
to each Participant (whether or not such Participants are similarly situated).


 


		11.	Successors and Assigns



 


The Plan shall be binding on all successors and
assigns of the Company and a Participant, including without limitation, the estate of such Participant and the executor, administrator
or trustee of such estate, or any receiver or trustee in bankruptcy or representative of the Participant’s creditors.


 


		12.	Nontransferability of Awards



 


Unless otherwise determined by the Committee, an
Award shall not be transferable or assignable by the Participant otherwise than by will or by the laws of descent and distribution. An
Award exercisable after the death of a Participant may be exercised by the legatees, personal representatives or distributees of the Participant.


 






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Notwithstanding the foregoing, no provision herein
shall prevent or forbid transfers by will, by the laws of descent and distribution, to a trust that was established solely for tax planning
purposes and not for purposes of profit or commercial activity or, to one or more “family members” (as such term is defined
in SEC Rule 701 promulgated under the Securities Act of 1933, as amended) by gift or pursuant to a qualified domestic relations order.


 


		13.	Amendments or Termination



 


The Board may amend, alter or discontinue the Plan,
but no amendment, alteration or discontinuation shall be made, (a) without the approval by an ordinary resolution of the shareholders
of the Company, if such action would (except as is provided in Section 9 of the Plan), increase the total number of Shares reserved for
the purposes of the Plan or change the maximum number of Shares for which Awards may be granted to any Participant, in each case only
to the extent such approval is required by the principal national securities exchange on which the Shares are listed or admitted to trading,
or (b) without the consent of a Participant, if such action would diminish any of the rights of the Participant under any Award theretofore
granted to such Participant under the Plan; provided, however, that the Committee may amend the Plan in such manner as it deems necessary
to permit the granting of Awards meeting the requirements of any Applicable Laws.


 


Without limiting the generality of the foregoing,
to the extent applicable, notwithstanding anything herein to the contrary, this Plan and Awards issued hereunder shall be interpreted
in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretative guidance issued thereunder,
including without limitation any such regulations or other guidance that may be issued after the Effective Date. Notwithstanding any provision
of the Plan to the contrary, in the event that the Committee determines that any amounts payable hereunder will be taxable to a Participant
under Section 409A of the Code and related Department of Treasury guidance prior to payment to such Participant of such amount, the Company
may (a) adopt such amendments to the Plan and Awards and appropriate policies and procedures, including amendments and policies with retroactive
effect, that the Committee determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by the
Plan and Awards hereunder and/or (b) take such other actions as the Committee determines necessary or appropriate to comply with the requirements
of Section 409A of the Code.


 


		14.	Multiple Jurisdictions



 


In order to assure the viability of Awards granted
to Participants employed in various jurisdictions, the Committee may, in its sole discretion, provide for such special terms as it may
consider necessary or appropriate to accommodate differences in local law, tax policy or custom applicable in the jurisdiction in which
the Participant resides or is employed. Moreover, the Committee may approve such supplements to, amendments, restatements, or alternative
versions of the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of the Plan as
in effect for any other purpose; provided, however, that no such supplements, amendments, restatements or alternative versions shall increase
the Share limitation contained in Section 3 hereof. Notwithstanding the foregoing, the Committee may not take any actions hereunder, and
no Awards shall be granted that would violate any Applicable Laws.


 






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		15.	Distribution of Shares



 


The obligation of the Company to make payments
in Shares pursuant to an Award shall be subject to all Applicable Laws and to any such approvals by government agencies as may be required.
Additionally, in the discretion of the Committee, American depositary shares, or ADSs, may be distributed in lieu of Shares in settlement
of any Award, provided that the ADSs shall be of equal value to the Shares that would have otherwise been distributed. If the number of
Shares represented by an ADS is other than on a one-to-one basis, the limitations contained in Section 3 shall be adjusted to reflect
the distribution of ADSs in lieu of Shares.


 


		16.	Taxes



 


No Shares shall be delivered under the Plan to
any Participant until such Participant has made arrangements acceptable to the Committee for the satisfaction of any income and employment
tax withholding obligations under any Applicable Laws, in particular, the tax laws, rules, regulations and government orders of the People’s
Republic of China or the U.S. federal, state or other local tax laws, as applicable. The Company and each of its Subsidiaries shall have
the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal,
state, local and foreign taxes (including the Participant’s payroll tax obligations, if any) required to be withheld under any Applicable
Laws with respect to any Award issued to the Participant hereunder. The Committee may in its discretion and in satisfaction of the foregoing
requirement allow a Participant to elect to have the Company withhold Shares otherwise issuable under an Award (or allow the return of
Shares) having a Fair Market Value equal to the sums required to be withheld. Notwithstanding any other provision of the Plan, the number
of Shares which may be withheld with respect to the issuance, vesting, exercise or payment of any Award (or which may be repurchased from
the Participant of such Award after such Shares were acquired by the Participant from the Company) in order to satisfy the Participant’s
federal, state, local and other income and payroll tax liabilities with respect to the issuance, vesting, exercise or payment of the Award
shall, unless specifically approved by the Committee, be limited to the number of Shares which have a Fair Market Value on the date of
withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal,
state, local and other income tax any payroll tax purposes that are applicable to such taxable income.


 


		17.	Choice of Law



 


The Plan shall be governed by and construed in
accordance with the laws of the state of New York.


 


		18.	Effectiveness of the Plan



 


The Plan shall be effective as of the Effective
Date and shall terminate ten years later, subject to earlier termination by the Board pursuant to Section 13 hereof.


 






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