JA Solar amends 2025 employee stock ownership plan

JA Solar Technology's board of directors and supervisory board have approved revisions to the 2025 Employee Stock Ownership Plan, including its summary and management methods. The plan, scheduled for implementation in October 2025, aims to incentivize employees by allocating up to 42.35m shares, representing 1.28% of the company’s total share capital. The total fundraising for the plan is capped at CNY 258,335,000, with shares to be acquired through non-trade transfers from the company’s dedicated repurchase account at a price of CNY 6.10 per share.

The updated plan introduces new financing options, allowing for financing through asset management or trust plans with a leverage ratio not exceeding 1:1, sourced from financial institutions. The internal management of the plan will be overseen by a management committee, authorized to appoint external professional institutions for asset management. The plan's duration is 48 months, with shares vesting in two tranches—50% after 12 months and 50% after 24 months—contingent on the company achieving specific net profit targets.

The supervisory board confirmed that the revised plan aligns with legal and regulatory requirements, fostering sustainable development without harming shareholder interests. The board of directors' compensation and assessment committee also approved these changes, highlighting the plan's role in strengthening governance and team cohesion.