JA Solar: Q3 convertible bond conversions and share repurchase update

In the third quarter of 2025, JA Solar Technology's convertible bonds saw RMB 41,700 convert into 2,647 shares. This contributes to a cumulative conversion of RMB 1,095,000 into 29,811 shares since issuance. As of September 30, 2025, RMB 8,959,212,700 of the convertible bonds remained unconverted, representing 99.9878% of the total issuance. The company's total share capital increased by 2,647 shares to 3,309,682,191 shares, reflecting these conversions and other share adjustments.

JA Solar's convertible bond, initially issued on July 18, 2023, began its conversion period on January 24, 2024. The conversion price was most recently reduced from RMB 38.22 per share to RMB 11.66 per share, effective July 23, 2025.

Concurrently, as of September 30, 2025, JA Solar had repurchased 15,404,377 of its A-shares through the Shenzhen Stock Exchange, representing 0.47% of its total share capital. The repurchases were executed at prices ranging from RMB 13.33 to RMB 14.236 per share, totaling RMB 217,199,530.71. This program, initiated following a board resolution on August 22, 2025, aims to repurchase shares worth between RMB 200 million and RMB 400 million for employee stock ownership or equity incentives.