JA Solar board proposes governance changes, financial initiatives

JA Solar Technology’s board of directors met on November 17, 2025, to propose a series of strategic changes, including revisions to the company's articles of association and related rules. These changes will eliminate the supervisory board, transferring its functions to the audit committee. Additionally, the board approved the election of nine directors for the seventh board term, comprising six non-independent and three independent directors. Shareholders will vote on these proposals via cumulative voting.

The board also approved several financial initiatives for 2026, including an estimated maximum of CNY 47,302.00 in daily related party transactions and a new credit facility of up to CNY 20 billion from financial institutions. Furthermore, the company plans to engage in foreign exchange hedging activities with a maximum outstanding amount of $4 billion and commodity futures and derivatives hedging with a maximum of CNY 1.5 billion in margin. These financial measures aim to mitigate market risks and support operational stability.

The proposals, including revisions to independent director policies, related party transaction policies, information disclosure, and internal audit management, will proceed to a shareholder meeting for final approval. The board views these measures as critical for the company's sustained growth and risk management.