JA Solar's Board of Directors establishes special committee to evaluate "Going Private" proposal

Shanghai, China - Ja Solar Holdings Co., Ltd. announced that its Board of Directors has established a special committee for a non-binding proposal letter.

The special committee solely consisting of independent and disinterested directors considers the non-binding proposal letter, dated June 5, 2015, from a buyer group comprised of Mr. Baofang Jin, Chairman and Chief Executive Officer of the Company, and Jinglong Group Co., Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director, to acquire all of the outstanding shares of the Company not currently owned by the Buyer Group members in a going private transaction.

The Special Committee is composed of the following independent and disinterested directors of the Company: Mr. Shaohua Jia and Mr. Yuwen Zhao. Mr. Shaohua Jia will be the Chairperson of the Special Committee. The Special Committee intends to engage a legal counsel and an independent financial advisor for assistance in its work.

Source: IWR Online, 17 Jun 2015