JA Solar shareholder meeting fails to approve bond adjustment

JA Solar Technology (SZSE:002459) announced the results of its second extraordinary general meeting of shareholders, revealing that the proposal to lower the conversion price of "JA Convertible Bonds" was not approved. Approximately 54.45% of total voting shares were represented at the meeting, with 63.47% of votes in favor and 36.2412% against the proposed adjustment. According to the announcement, bondholders abstained from voting on the matter. Shareholders did, however, approve a resolution regarding the provision of equity pledge guarantees. The law firm of King & Wood Mallesons provided legal counsel for the meeting and issued a legal opinion affirming compliance with relevant regulations.