Ja Solar Holdings Co Ltd's JA Solar Hong Kong Limited Enters Into Share Transfer Agreement With AU Optronics Corp.'s M.SETEK Co., Ltd.

Ja Solar Holdings Co Ltd announced that it entered into a share transfer agreement (the Agreement) on July 23, 2012 with M.SETEK Co., Ltd. (M.SETEK), a polysilicon and solar wafer manufacturer in Japan controlled by AU Optronics Corp. Pursuant to the Agreement, M.SETEK will transfer its 65% equity interest in Hebei Ningjin Songgong Semiconductor Co., Ltd. (Ningjin Songgong) to JA Solar Hong Kong Limited (JA Hong Kong), a wholly-owned subsidiary of the Company, for RMB247.0 million (USD38.9 million). The parties expect to complete the share transfer by the end of this year. Under the framework agreement, M.SETEK agreed to: use the dividends distributed by Ningjin Songgong to repay part of the prepayments; transfer its 65% equity interest in Ningjin Songgong to the Company at an appraisal price, which will be used to offset part of the remaining unused prepayments; and continue to deliver polysilicon to fully utilize the remaining unused prepayments, if any. Upon the consummation of the share transfer, Ningjin Songgong will be 65% owned by JA Hong Kong, 32.7% beneficially owned by Mr. Baofang Jin, executive chairman of the board of directors of JA Solar and general manager of Ningjin Songgong, and 2.3% beneficially owned by several third-party individuals.