JA Solar Announces Management Changes
SHANGHAI, China, Dec. 11, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd.
(Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest
manufacturers of high-performance solar power products, today announced
changes to its management team, effective January 1, 2014.
Mr. Herman Zhao has been appointed the Company's new chief financial officer
("CFO"). Mr. Min Cao, the Company's current CFO, will assume the role of chief
strategy officer upon Mr. Zhao's appointment.
Concurrently, Mr. Jian Xie, the Company's current chief operating officer
("COO"), will assume broader leadership at the Company as its president, and
current chief technology officer Mr. Yong Liu will become the Company's COO.
Mr. Herman Zhao previously served as JA Solar's CFO from July 2006 to May
2008. Since then, he has served as CFO at Legend Silicon Corporation, a
Silicon Valley-based fabless semiconductor company, and Sky Solar Holdings
Co., Ltd., a downstream solar-project developer.
Mr. Baofang Jin, executive chairman and CEO of JA Solar, commented, "The depth
of managerial talent at JA Solar is one of our key strengths, and we think
these changes make the best use of our resources. We are pleased to welcome
back Herman as our CFO. We are confident that our management team's extensive
manufacturing and downstream-project experience will be instrumental as we
continue to solidify our market position."
This press release contains forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by words such as
"may," "expect," "anticipate," "aim," "intend," "plan," "believe," "estimate,"
"potential," "continue," and other similar statements. Statements other than
statements of historical facts in this announcement are forward-looking
statements, including but not limited to, the Company's expectations regarding
the expansion of its manufacturing capacities, its future business
development, and its beliefs regarding its production output and production
outlook. These forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions, estimates
and projections about the Company and the industry. Further information
regarding these and other risks is included in Form 20-F and other documents
filed with the Securities and Exchange Commission. The Company undertakes no
obligation to update forward-looking statements, except as may be required by
law. Although the Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you that its
expectations will turn out to be correct, and investors are cautioned that
actual results may differ materially from the anticipated results.
About JA Solar Holdings Co., Ltd.
JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance
solar power products that convert sunlight into electricity for residential,
commercial, and utility-scale power generation. The Company is one of the
world's largest producers of solar power products. Its standard and
high-efficiency product offerings are among the most powerful and
cost-effective in the industry. The Company distributes products under its own
brand and also produces on behalf of its clients. The Company shipped 1.7 GW
of solar power products in 2012. JA Solar is headquartered in Shanghai, China,
and maintains production facilities in Shanghai, as well as Hebei, Jiangsu and
Anhui provinces. For more information, please visit www.jasolar.com.
CONTACT: In China
In the U.S.
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