JA Solar grants 2025 stock options to nearly 2,000 employees

On September 19, 2025, JA Solar Technology Co. (SZSE:002459) announced the grant of 16,174.6185 million stock options to 1,974 recipients under its 2025 stock option incentive plan, with an exercise price of 9.15 yuan per share. This grant follows approval by the company's fourth extraordinary general meeting in 2025 and subsequent board and supervisory committee meetings, which confirmed the fulfillment of the grant conditions. The stock options have a maximum validity period of 60 months.

Prior to the grant, the company adjusted the incentive plan, reducing the number of recipients from 1,975 to 1,974 and total granted stock options from 16,177.6185 million to 16,174.6185 million, due to one recipient's departure. These adjustments were approved on September 19, 2025. The total estimated cost of 73,351.89 million yuan will be amortized over 2025-2027.

The plan's performance targets for the first exercise period (2025) require a net profit reduction of no less than 5% compared to 2024, and for the second exercise period (2026), a positive net profit. Individual performance will also be assessed, with exercise ratios ranging from 0% to 100% based on evaluation.