Friday, September 21, 2007

JA Solar Names Sun New President, COO

JA Solar Names Kang Sun President and COO, Appoints 2 New Members to Board of Directors

September 20, 2007: 06:23 PM EST

NEW YORK (Associated Press) - China-based JA Solar Holdings Co. Ltd., a manufacturer of solar cells, said Thursday it appointed Kang Sun as president and chief operating officer.

The company said its former COO, Zhilong Zhang, will become general manager of Shanghai JA Solar PV Technology Co. Ltd., a subsidiary of JA Solar.

Sun, 53, has served on JA Solar's board of directors since January. The company said he will remain on the board, but not as an independent director.

JA Solar also said it added two new members to its board. Elmer Hsu, 63, was most recently vice president and general director at Industrial Technology Research Institute in Taiwan. Erying Jia, 52, is an executive deputy general manager and director of JingLong Industry and Commerce Group Co. Ltd., JA Solar's largest supplier.

JA Solar shares fell $2.25, or 5.4 percent, to $39.50 in electronic after-hours trading. During regular hours, the shares rose $2.44, or 6.2 percent, to close at $41.75. The stock has ranged from $16.17 to $43.87 over the past year.

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