HEBEI, China, Sept. 20, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("JA Solar," "the Company") (Nasdaq:JASO) today announced that the Company has added two new members to its board. Dr. Elmer Hsu and Mr. Erying Jia were recently appointed by the board as new directors and shall hold office until the next annual general meeting, at which time they shall be eligible for reelection. Dr. Hsu will serve as an independent director.
Dr. Elmer Hsu, 63 years old, has 33 years of experience in business and technology management, as well as product development. Dr. Hsu recently served as vice president and general director at Industrial Technology Research Institute ("ITRI") in Taiwan. Prior to working at ITRI, he held various executive positions, including vice president at Hughes Electronics Company.
Mr. Erying Jia, 52 years old, is currently an executive deputy general manager and director of JingLong Industry and Commerce Group Co., Ltd. ("JingLong Group"), JA Solar's largest supplier, which is also owned by the shareholders of JA Solar's largest shareholder, Jinglong Group, Co., Ltd. Mr. Jia has held several administrative positions in Ningjin County of Hebei Province, China. Mr. Jia's participation on the board further strengthens the relationship between JingLong Group and JA Solar.
"We are delighted to have Dr. Hsu and Mr. Jia join our board," said Baofang Jin, chairman of the board of JA Solar. "Both gentlemen add complementary experiences to this board. Their participation will bolster the ability of our already very experienced board to guide the company as it continues to grow."
About JA Solar Holdings Co., Ltd.
Based in Hebei, China, JA Solar Holdings Co., Ltd. is an emerging and fast-growing manufacturer of high-performance solar cells. The Company sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity. For more information, please visit http://www.jasolar.com.
Safe Harbor Statement
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 "will," "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, our expectations regarding the expansion of our manufacturing capacities, our future business development, and our beliefs regarding our 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 our annual report on 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.