JA Solar shareholders approve incentive plans, boost guarantees

JA Solar Technology's shareholders approved key proposals at its 2025 fourth extraordinary general meeting on September 8, 2025. Resolutions included the re-appointment of the 2025 accounting firm, approval of equity incentive plans (stock options and employee stock ownership), and revisions to the company's articles of association and related rules. The stock option and employee stock ownership plans, totaling over RMB 1.65 bn in approved shares, aim to align employee and shareholder interests. These plans were passed as special resolutions, requiring a two-thirds majority.

The company also disclosed an increase in financial guarantees. From August 1 to August 31, 2025, JA Solar provided new guarantees totaling RMB 2.836 bn to its consolidated subsidiaries and related entities, and RMB 0.95 bn to unconsolidated entities for financing lease services. As of August 31, 2025, total outstanding guarantees amounted to RMB 57.434 bn, representing 205.97% of the company's 2024 audited net assets.

A self-inspection report confirmed that no insider trading occurred during the six months preceding the disclosure of the 2025 stock option incentive plan. The company maintained strict internal controls and confidentiality throughout the planning process, ensuring compliance with relevant regulations.