JA Solar: "Jinao convertible bonds" may trigger price adjustment

JA Solar Technology (SZSE:002459) announced that its "Jinao Convertible Bonds" (127089) are nearing the trigger point for a downward revision of the conversion price. From April 17, 2025, to April 30, 2025, the company's stock closing price has been below 85% of the current conversion price of CNY 38.22 for ten trading days. If this condition persists for five more trading days within the next twenty trading days, it will likely trigger the price adjustment mechanism as per the bond's offering prospectus. The initial conversion price was CNY 38.78 per share, adjusted due to prior stock option exercises, equity distributions, and share repurchases. The company is reminding investors to be aware of potential investment risks and will follow disclosure requirements if the adjustment is triggered. The outstanding amount of convertible bonds is CNY 8,960,307,700.00.