Jiangsu Tanyun signed a pre-restructuring investment agreement, and Ningbo Railan will become the controlling shareholder.

JA Solar announced that the company has signed a "Pre-reorganization Investment Agreement" with the pre-reorganization guide and reorganization investors Ningbo Ruilian and Zhongrun Optoelectronics. The industrial investors plan to subscribe for no less than 455 million shares of the company's additional shares, with a total cash consideration of 819 million yuan, at an investment price of 1.8002 yuan per share. Among them, Ningbo Ruilian will invest 719 million yuan to subscribe for no less than 399.5 million shares, and Zhongrun Optoelectronics will invest 100 million yuan to subscribe for no less than 55.5494 million shares. After the reorganization is completed, Ningbo Ruilian will become the controlling shareholder of the company, with Zheng Hualing becoming the actual controller. The investors promise not to transfer the shares within 36 months of receiving them. The announcement also stated that the court's pre-reorganization registration does not mean that the reorganization has been officially accepted, and there is uncertainty as to whether the company will enter the reorganization process and the success of the reorganization. If the court accepts the reorganization, the company's stock will be subject to delisting risk warning.