JA Solar Technology Co., Ltd. (SZSE:002459) announced a private placement of common shares not exceeding 402,502,611 shares for gross proceeds of not more than CNY 5,200,000,000 on April 10, 2020. The transaction will include participation from not more than 35 investors. The issuance price of shares will be not lower than 80% of the median market price of the company’s shares as of 20 previous days to issuance date. The shares have a lock up period of 6 months since issuance date. The transaction is valid for 12 months since approval from the shareholders’ meeting of the company. The transaction has been approved at the 9th meeting of the 5th directorate of the company. The transaction is subject to approval from shareholders’ meeting of the company and China Securities Regulatory Commission.