jasolar_6k.htm
FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
the month of September, 2007
(Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.)
Form
20-F [x] Form 40-F [ ]
(Indicate
by check mark whether the registrant by furnishing the information contained
in
this form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934. )
Yes
[ ] No [x]
(If
"Yes" is marked, indicate below the file number assigned to registrant in
connection with Rule 12g3-2(b): 82-__________. )
N/A
JA
Solar Holdings Co., Ltd.
Jinglong
Group Industrial Park
Jinglong
Street
Ningjin,
Hebei Province 055550
The
People’s Republic of China
This
Form 6-K consists of:
A
press release on entering into a long-term wafer supply agreement by JA Solar
Holding Co., Ltd. (the “Registrant”), made by the Registrant in
English on September 10, 2007.
SIGNATURE
Pursuant
to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report
to
be signed on its behalf by the under-signed, thereunto duly
authorized.
JA
Solar Holdings Co., Ltd.
By /s/
Huaijin Yang
Name: Huaijin
Yang
Title: Chief
Executive Officer
Date:
September 11, 2007
JA
Solar Secures a New Long-Term Wafer Supply Agreement and Revised a Major Supply
Agreement to Support the Growth
Hebei,
China, September 10, 2007– JA Solar Holdings Co., Ltd. (“JA Solar”,
“the Company”) (NASDAQGM: JASO) today announced that it has entered a long-term
wafer supply agreement with JiangSu Shunda Semiconductor Develop Co., Ltd.
(“Shunda”). The Company also announced that it has revised the
prepayment terms of its wafer supply contract with JingLong Group.
Under
the terms of the Shunda agreement, Shunda will supply JA Solar with silicon
wafers starting immediately. The monthly supply will increase through the
duration of the 41-month contract. Total deliveries under the
agreement can reach about 1.2GW. JA Solar will make a total
prepayment of RMB 350 million (approximately US$46.4 million in three
installments) for future deliveries.
Shunda
is
a
wholly owned subsidiary of JiangSu Shunda Group Corporation located in Yangzhou,
Jiangsu Province. JiangSu Shunda Group is a leading high-technology enterprise
focusing on the PV market. The company's rapid expansion in recent years has
enabled it to produce polysilicon, mono-crystalline
ingots, and
wafers.For
more information
please visit www.shundasolar.com.
Separately,
in line with industry standards the Company has revised the monthly prepayment
terms under its existing contract with JingLong Group. According to the revised
contract, JA Solar made the full prepayment to JingLong Group of RMB 300 million
(approximately US$39.8 Million) on August 31, 2007. JingLong Group
will apply the prepayment against shipments to JA Solar on a ratio of RMB 10
per
wafer shipped starting on January 1, 2008. As one of the primary suppliers
of JA
Solar, JingLong Group has shipped a total of 30.9 million wafers to JA Solar
in
the past twelve months.
“These
contracts further strengthen our long-term wafer supply and will help enable
us
to meet the company’s growth objectives as we work to satisfy ever-demanding
market needs,” said, Samuel Yang, Chief Executive Officer of JA
Solar. “We will continue to work with our entire supply chain to
build key strategic relationships to ensure product quality, supply stability
and the economics required for us to sustain target growth and
profitability.”
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 monocrystalline 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.
Contacts:
Jinlin
Liu
Vice
President
JA
Solar
ir@jasolar.com
+1-514-531-5705
|
David
Pasquale
The
Ruth Group
dpasquale@theruthgroup.com
+1-646-536-7006
|
#
#
#