JA Solar revises 2025 employee stock ownership plan

JA Solar Technology has revised its 2025 Employee Stock Ownership Plan, initially approved on September 8, 2025. The adjustments, greenlit by the sixth board of directors' forty-fifth meeting and sixth supervisory board's twenty-sixth meeting on October 23, 2025, focus on optimizing the plan's implementation without requiring further shareholder approval, as they are within the scope of authority granted by the previous shareholder meeting.

Key changes include the funding structure, now allowing for financing from financial institutions with a leverage ratio not exceeding 1:1, alongside employee legal remuneration and self-funded capital. The company clarified it would not provide financial assistance for participation. Additionally, the asset management model will now involve the board of directors selecting or changing the asset management institution, entrusting qualified financial institutions to provide professional services.

The maximum capital to be raised remains RMB 258.335 million, with a maximum of 258.335 million units at RMB 1 per unit. The plan covers up to 42.35 million shares, representing 1.28% of the company's total share capital. The board of directors confirms that these changes align with regulatory requirements and do not negatively impact the company’s financial health or operations.