JA Solar holds steady on convertible bond price, names new secretary

JA Solar Technology (SZSE:002459) has decided against a downward revision of the conversion price for its "JA Solar Convertible Bonds," despite triggering the adjustment clause. The decision, made at the company's board meeting on March 10, 2025, reflects a strategic choice amid current industry and market conditions. The bonds, worth RMB 8,960,307,700.00, were issued in July 2023 with an initial conversion price of RMB 38.78 per share, subsequently adjusted to RMB 38.22 after the 2023 annual equity distribution. In a separate announcement, JA Solar revealed that Deputy General Manager and Board Secretary Wu Tingdong resigned from his positions due to internal job adjustments, prompting the appointment of Qin Shilong as the new Board Secretary, effective immediately. Qin, a seasoned professional with extensive experience and qualifications, will assume the role as JA Solar navigates these financial and strategic decisions.