ja_sc13d.htm

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RPqVQ5/UrTzzPKCMECSDwGx5fzA0nDWd4ApmQLOBkbehMDaW8amFrwyAmNi8miBR jMAz2kH0HImKdOPEEV3c5g== 0001341004-08-003007.txt : 20081202 0001341004-08-003007.hdr.sgml : 20081202 20081201213657 ACCESSION NUMBER: 0001341004-08-003007 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20081202 DATE AS OF CHANGE: 20081201 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JA Solar Holdings Co., Ltd. CENTRAL INDEX KEY: 0001385598 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-83549 FILM NUMBER: 081223718 BUSINESS ADDRESS: STREET 1: JINGLONG GROUP INDUSTRIAL PARK STREET 2: JINGLONG STREET CITY: NINGJIN, HEBEI PROVINCE STATE: F4 ZIP: 055550 BUSINESS PHONE: (86-319) 580-0760 MAIL ADDRESS: STREET 1: JINGLONG GROUP INDUSTRIAL PARK STREET 2: JINGLONG STREET CITY: NINGJIN, HEBEI PROVINCE STATE: F4 ZIP: 055550 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Jinglong Group Co., Ltd. CENTRAL INDEX KEY: 0001425202 IRS NUMBER: 000000000 STATE OF INCORPORATION: D6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: JINGLONG INDUSTRIAL PARK, JINGLONG SREET CITY: NINGJING, HEBEI PROVINCE STATE: F4 ZIP: 055550 BUSINESS PHONE: 86-319-580-1108 MAIL ADDRESS: STREET 1: JINGLONG INDUSTRIAL PARK, JINGLONG SREET CITY: NINGJING, HEBEI PROVINCE STATE: F4 ZIP: 055550 SC 13D 1 ja_sc13d.htm SC-13D ja_sc13d.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. )*

JA Solar Holdings Co., Ltd.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

466090107

(CUSIP Number)

Mr. Min Cao

5/F, 36 Jiang Chang San Road, Zhabei, Shanghai, China 200436

Tel: +86-21-6095 5768

Fax: +86-21-6095 5766

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

November 21, 2008-November 28, 2008

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ]

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No.

466090107

1	NAMES OF REPORTING PERSONS [I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)] Jinglong Group Co., Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ]
3	SEC USE ONLY
4	SOURCE OF FUNDS (See Instructions) PF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6	CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 44,007,868 ordinary shares
		8	SHARED VOTING POWER Not applicable
		9	SOLE DISPOSITIVE POWER 44,007,868 ordinary shares
		10	SHARED DISPOSITIVE POWER Not applicable
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 44,007,868 ordinary shares
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ]
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.51%
14	TYPE OF REPORTING PERSON (See Instructions) CO

Item 1. Security and Issuer

This statement relates to the ordinary shares (“Ordinary Shares”) of JA Solar Holdings Co., Ltd., a company organized under the laws of the Cayman Islands (the “Issuer”).

The principal executive office of the Issuer is located at Jinglong Industrial Park, Jinglong Street, Ningjin, Hebei Province 055550, People’s Republic of China.

Item 2. Identity and Background

(a)

This Statement is being filed by Jinglong Group Co., Ltd. (“Jinglong”). Jinglong previously filed a Schedule 13G with the U.S. Securities and Exchange Commission with respect to the Ordinary Shares on January 25, 2008. Jinglong is a company incorporated in British Virgin Islands.

Principle Business:

(b)

The address of the principal business office for Jinglong is: Jinglong Industrial Park, Jinglong Street, Ningjin, Hebei Province 055550, People’s Republic of China.

	(c)	Jinglong is an investment holding company.

		Mr. Jin Baofang (citizen of China) is the Sole Executive Director of Jinglong. His business address is Jinglong Industrial Park, Jinglong Street, Ningjin, Hebei Province 055550, People’s Republic of China. He is also the Chairman and CEO of Jinglong Industry and Commerce Group Co., Ltd.

(d-e)

During the past five years Jinglong has not (i) been convicted in a criminal proceeding, or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)

Jinglong is incorporated in the British Virgin Islands.

Item 3. Source and Amount of Funds or Other Consideration

(a)

The funds used by Jinglong to purchase the Ordinary Shares of the Issuer are from Jin Baofang’s personal account. Jin Baofang is the sole director and major shareholder of Jinglong.

Item 4. Purpose of Transaction

Jinglong is the principal shareholder of the Issuer and previously qualified to file a short-form statement on Schedule 13G. Jinglong purchased 6,007,868 Ordinary Shares of the Issuer in the open market wholly for trading purposes.

Other than the purpose stated above, Jinglong has no existing plan or proposal which relates to or would result in any of the matters enumerated in clauses (a) through (i), inclusive, of Item 4 of this Schedule 13D: (a) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (b) a sale or transfer of a material

amount of assets of the Issuer or any of its subsidiaries; (c) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (d) any material change in the present capitalization or dividend policy of the Issuer; (e) any other material change in the Issuer’s business or corporate structure; (f) changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition or control of the Issuer by any person; (g) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (h) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (i) any action similar to any of those enumerated above.

Item 5. Interest in Securities of the Issuer

(a-b)

As a result of the acquisition of Ordinary Shares, Jinglong has sole power to direct the vote and sole power to dispose or to direct the disposition of 44,007,868 Ordinary Shares, constituting 28.51% of the outstanding Ordinary Shares of the Issuer (based on 154,355,500 outstanding Ordinary Shares as reported in the Issuer’s Form 20-F filed May 9, 2008).

(c)

To the best of Jinglong’s knowledge, neither Jinglong nor any of its executive officer and directors has effected any transaction in the Issuer’s Ordinary Shares during the past 60 days excepted as described in Item 4.

(d)

Not applicable.

(e)

Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

On November 28, 2008, Jinglong entered into a Stock Trading Plan with Credit Suisse Singapore Branch in accordance with Rule 10b5-1 of the Exchange Act. The Stock Trading Plan is attached hereto as Exhibit 1.

On August 28, 2008, Jinglong entered into a Rule10b5-1 Trading Plan with UBS Financial Services Inc. in accordance with Rule 10b5-1 of the Exchange Act. The Trading Plan is attached hereto as Exhibit 2.

Item 7. Material to be Filed as Exhibits

Exhibit 1 Stock Trading Plan, dated as of November 28, 2008, by and between Jinglong and Credit Suisse Singapore Branch.

Exhibit 2 Rule 10b5-1 Trading Plan, dated as of August 28, 2008, by and between Jinglong and UBS Financial Services Inc.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: December 1, 2008

	Jinglong Group Co., Ltd.



	By:	/s/ Jin Baofang
		Name: Jin Baofang
		Title: Sole Director

EX-99.1 2 ja_ex1.htm EXHIBIT 1 -- STOCK TRADING PLAN ja_ex1.htm

Exhibit 1

STOCK TRADING PLAN

This Stock Trading Plan (the "Plan") is being authorized and adopted by the director of JingLong Group Co Ltd, JIN Baofang (collectively the "Client") as of the date below, to facilitate the sale of 3,000,000 shares of the American Depositary Receipts (ADRs) (the "Shares") of JA Solar Holdings Co. Ltd ("Issuer") pursuant to the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended ("Exchange Act").

In order to diversify their investment portfolio, Client desires to sell the Shares, To dispel any inference that the Client is trading in the Shares on the basis of, while using, when in possession of, or when aware of material nonpublic information; or that the trades in the Shares evidence Client's knowledge of material nonpublic information, or information at variance with Issuer's statements to investors; Client has determined to engage Credit Suisse Singapore Branch ("CSSB") to sell through its affiliate Credit Suisse Securities (USA) LLC ("CSSU"), a broker-dealer registered with the U.S. Securities and Exchange Commission, a pre-determined amount of Shares pursuant to the formula described in Exhibit A.

Representations, Warranties and Covenants Regarding Compliance with Rule 10b5-1:

1. As of the date of this Plan, the Client is not aware of any material nonpublic information regarding Issuer and is not subject to any legal, regulatory or contractual restriction or undertaking that would prevent CSSB from acting upon the instructions set forth in this Plan;

2. The Client is entering into this Plan in good faith and not as part of any scheme to evade the prohibitions of Rule 10b5-1 adopted under the Exchange Act;

3. The Client has not entered into, and will not enter into, any corresponding or hedging transaction or position with respect to the Shares;

4. The Client acknowledges that CSSU may make a market in the Shares and will continue to engage in market-making activities while executing transactions on the instructions of CSSB pursuant to the Plan; and

5. The Client may not discuss with CSSB or CSSU the timing of the trading in the Shares on their behalf (other than to confirm these instructions and describe them if necessary).

6. The Client agrees to inform CSSB as soon as possible of any of the following:

i) any subsequent restrictions imposed on the Client due to changes in the securities (or other) laws or of any contractual restrictions imposed on the Issuer that would prevent CSSB or the Client from complying with the Plan, and

ii) the occurrence of any event as set forth in the Plan that would cause the Plan to be suspended or terminated under Section 10 or Section 15 of the Plan, respectively.

Representations, Warranties and Covenants Regarding Compliance with Rule 144 and Rule 145

7. Client understands and agrees that if they are an affiliate or control person for purposes of Rule 144 under the Securities Act of 1933, as amended ("Securities Act"), or if the Shares subject to the Plan are restricted securities subject to limitations under Rule 144 or eligible for resale under Rule 145, then all sales of Shares under the Plan will be made in accordance with the applicable provisions of Rule 144.

i) Client requests and authorizes CSSB to request and authorize CSSU to complete and file on the Client's behalf any Forms 144 (pre-signed by them) necessary to effect sales under the Plan.

ii) If appropriate, Client understands and agrees that, upon their prompt execution arid delivery to CSSB of Form 144, CSSB will forward the Form 144 on to CSSU which will either: (a) make one Form 144 filing at the beginning of each three-month period commencing with the date of the first sale made in connection with the Plan, (b) file a Form 144 for each sale made in connection with the Plan, or (c) file according to CSSF3's instructions in compliance with the rules of the Securities Act.

iii) Each Form 144 shall state the following: "This proposed sale is made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on 28 Novernber 2008, at which time the Client was not aware of material nonpublic information."

iv) CSSB will conduct sales pursuant to Rule 144 or Rule 145 if appropriate, including applying Rule 144 volume limitations as if the sales under the Plan were the only sales subject to the volume limitations.

v) Client agrees not to take any action or to cause any other person or entity to take any action that would require them to aggregate sales of Shares subject to the Plan with any other sales of shares as may be required by Rule 144; and not to take any action that would cause the sales of Shares under the Plan not to comply with Rule 144 or Rule 145.

Stock Splits / Reincorporations/ Reorganizations

8. In the event of a stock split or reverse stock split, the quantity and price at which the Shares are to be sold will be adjusted proportionately.

9. In the event of a reincorporation or other corporate reorganization resulting in an internal Issuer share-for-share exchange of new shares for the Shares subject to the

Plan, then the new shares will automatically replace the shares originally specified in the Plan.

Suspension

10. Sales of Shares pursuant to the Plan shall be suspended where:

i) trading of the Shares on the principal exchange or market on which the Shares trade is suspended for any reason;

ii) CSSB & CSSU, in their sole discretion, determine that there is a legal, regulatory or contractual reason why they cannot effect a sale of Shares; or

iii) CSSB is notified in writing by the Client or the Issuer that a sale of Shares should not be effected due to legal, regulatory or contractual restrictions applicable to the Issuer or to the Client (including without limitation, Regulation M).

11. CSSB will resume sales in accordance with the Plan as promptly as practicable after (a) CSSB receives notice in writing from the Client or the Issuer, as the case may be, that it may resume sales in accordance with the formula described in Exhibit A in the case of the occurrence of an event described in Sections 10(iii) or (b) CSSB determines, in its sole discretion, that it may resume sales in accordance with the formula described in Exhibit A in the case of the occurrence of an event described in Sections 10(i) or 10(ii).

12. Shares allocated under the Plan for sale during a period that has elapsed due to a suspension under Section 10 will be carried forward with the next amount of shares to be sold in accordance with the formula described in Exhibit A.

13. In the event the formula described in Exhibit A provides for an amount of Shares to be sold during a given period pursuant to a limit order, Shares that would otherwise be permitted to be sold during that period but are not sold due to a suspension under Section 10, shall, upon lapse of the suspension, nonetheless be carried forward to be sold with the next amount of Shares to be sold in accordance with the formula described in Exhibit A.

14. CSSB is released from all liability in connection with any suspension of sales made in accordance with Section 10.

Termination

15. The Plan shall terminate on the earliest to occur of the following:

the termination date specified in Exhibit A; or

ii)

the completion of all sales in Exhibit A;

iii)

CSSE3 & CSSU's reasonable determination that: (a) the Plan does not comply with Rule 10b5-1 or other applicable securities laws; (b) Client has not complied with the Plan, Rule 10b5-1 or other applicable securities laws; or (c) Client has made misstatements in its representations or warranties in Sections 1-6 above that are false or materially inaccurate;

iv)

receipt by CSSR of written notice from the Issuer or Client of: (a) the filing of a bankruptcy petition by the Issuer; (b) a merger, recapitalization, acquisition, tender or exchange offer, or other business combination or reorganization resulting in the exchange or conversion of the Shares of the Issuer into shares of a company other than the Issuer; or (c) the conversion of the Shares into rights to receive fixed amounts of cash or into debt securities and/or preferred stock (whether in whole or in part);

receipt by CSSR of written notice of Client's death in a format and substance deemed legally satisfactory by CSSB; or

vi)

receipt by CSSE3 of written notice of termination of the Plan from Client.

Execution, Average Pricing and Pro Rata Allocation of Sales

16. Client agrees and acknowledges that.

If their order to sell Shares pursuant to the Plan, whether market or limit, is handled by a CSSU trading desk on instructions from CSSB, their order shall be handled as "not held". A "not held" or "working order" permits a CSSU trader to use reasonable brokerage judgment, exercising price and time discretion, as to when to execute the order.

ii)

CSSU on instructions from CSSB may execute Client's order: (a) in a single transaction or multiple transactions during the course of the trading day, or (b) CSSU may aggregate Client's order with other orders for other sellers of the Issuer's securities that may or may not have been accepted pursuant to a Rule 10b5-1 sales plan, execute them as block or in multiple smaller transactions, and allocate an average price to each seller.

Indemnification

17. Client agrees to indemnify and hold harmless CSSB and its directors, officers, employees and affiliates, including CSSU, from and against all claims, losses, damages and liabilities, including, without limitation, any legal or other expenses reasonably incurred in connection with defending or investigating any such claim, arising

out of or attributable to CSSB's actions taken in compliance with the Plan, because of any breach by Client of the Plan, or any violation by Client of applicable federal or state laws or regulations. This indemnification shall survive the termination of the Plan.

18. Client has consulted with their own advisors as to the legal, tax, business, financial and professional related aspects of, and has not relied upon CSSB or any person affiliated with CSSB in connection with, Client's adoption and implementation of this Plan.

Section 16 Reporting

If Client is subject to the reporting requirements of Section 16 of the Exchange Act, CSSB will provide information regarding open market transactions under the Plan to a designated third party in accordance with the instructions provided below.

19. Client authorizes CSSB to transmit information via facsimile and/or email regarding open market transactions under the Plan to:

	Name:______________________		Name: ______________________
	Title: _______________________		Title: _______________________
	Organization:_________________		Organization: _________________
	Fax: _______________________		Fax: ________________________
	Tel: _______________________		Tel: ________________________
	e-mail: _____________________		e-mail: ______________________

Client understands that reasonable efforts will be made to transmit transaction information for open market transactions under the Plan (purchase or sale) by close of business on the day of the purchase or sale, but no later than the close of business on the first trading day following the purchase or sale.

ii)

Client acknowledges that CSSB (a) has no obligation to confirm receipt of any email or faxed information by the designated contact and (b) has no responsibility or liability for filing a Form 4 with the SEC or for compliance with Section 16 of the Exchange Act.

iii)

If any of the above contact information changes, or Client wishes to terminate this authorization, Client will promptly notify CSSB in writing. Client further authorizes CSSB to direct CSSU to transmit transaction information to a third party service provider who will make the information available to its designated representative(s) listed above.

Governing Law

20. This Plan shall be governed by and construed In accordance with the laws of the State of New York,

Client end Issuer authorize and direct Issuer's insider trading personnel to take all necessary steps to effect the instructions described in ark, Plan.



		For and on behalf of JingLong Group Co Ltd
Reviewed and authorized on
28 November 2008		/s/ Jin Baofang
		(Signature)

		Name:	JIN Baofang

By:	/s/ Jian Xie	Title:	Director

Name:	Jian Xie	Date:	28 November, 2008

Title:	Board Secretary

		Acknowledged and Agreed This ____ day of November, 2008: Credit Suisse Singapore Branch

		By:

		Name:

		Title:

		By:

		Name:

		Title:

EX-99.2 3 ja_ex2.htm EXHIBIT 2 -- RULE 10B5-1 TRADING PLAN ja_ex2.htm

Exhibit 2

Rule 10b5-1 Trading Plan

JingLing Group Co. LTD ("Seller") adopts this Trading Plan dated August 28, 2008, (the "Trading Plan") with respect to the "Stock"(defined below) with UBS Financial Services Inc for the purpose of establishing a trading plan that complies with Rule l0b5-1(c)(1) under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Seller and UBS Financial Services Inc agree as follows:

Specific Plan of Sale. LBS Financial Services Inc., acting as agent, agrees to effect sales of Stock on behalf of Seller in accordance with the specific instructions set forth in Exhibit A (the "Sales Instructions"). The term "Stock" means the ADS shares, which represent the ordinary stock of JA Solar Holding Co. ("Issuer") (symbol: JASO),. including Stock that Seller has the right to acquire under the outstanding stock options issued by Issuer listed on Exhibit D (the "Options"), and includes any class or series of common stock of Issuer into which the Stock is converted whether pursuant to a reclassification, reorganization, reincorporation or similar event.

2.	Fees/Commissions. Seller shall pay UBS Financial Services Inc. $0.06 per share per share of Stock sold; with such amounts to be deducted by UBS Financial Services Inc. from the proceeds of sales under this Trading Plan.

3.	Seller's Representations and Warranties. Seller represents and warrants that:

(a)

Seller is not aware of any material nonpublic information concerning issuer or any securities of Issuer;

(b)

Seller is entering into this Trading Plan in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1;

(c)

Seller has informed Issuer of this Trading Plan and has furnished Issuer with a copy, and Seller has determined that this Trading Plan is consistent with Issuer's insider trading policy;

(d)

Seller has disclosed to UBS Financial Services Inc. any agreements that Seller is currently party to, or within the past 60 days, has been party to, with another broker, dealer or financial institution (each, a "Financial Institution") entered into for the purpose of establishing, a trading plan that complies with Rule 10b5-1;

(e)

Seller is not subject to any legal, regulatory or contractual restriction or undertaking that would prevent LBS Financial Services Inc from conducting sales in accordance with this Trading Plan;

(f)

the Stock to be sold under this Trading Plan is owned free and clear by Seller and is not subject to any liens, security interests or other encumbrances or limitations on dispositions, other than those imposed by Rule 144 or Rule 145, if applicable;

	(g)	Seller has had an opportunity to consult with Seller's own advisors as to the legal, tax, financial and other aspects of this Trading Plan, including this Trading Plan's compliance with Rule 10b5-1 and applicable state law. Seller has not received or

relied on any representations from UBS Financial Services Inc. concerning this Trading Plan's compliance with Rule 105b-1.

4	Agreements by Seller. Seller acknowledges and agrees to the following provisions:

(a)

Brokerage Account. Seller shall open a sole purpose UBS Financial Services Inc. brokerage account in the name of and for the benefit of Seller (the "Plan Account"), prior to acceptance and approval of this Trading Plan by UBS 10b5-1 Group.

(b)

Delivery of Stock. Seller shall deliver all shares of Stock to be sold pursuant to this Trading Plan into the Plan Account prior to the commencement of any sales under this Trading Plan Seller understands that any Stock that remains unsold at the termination of this Trading Plan continues to be restricted securities end may only be sold pursuant to a registration statement or exemption from registration. Accordingly, UBS Financial Services may return any unsold Stock to the Issuer's transfer agent for relegending, and/or conversion, or subject the Stock to such other restrictions on sales or transfers as UBS Financial Services may believe reasonably necessary. Seller shall be responsible for costs, if any, for relegendering or converting any Stock.

(c)

Hedging Transactions. While this Trading Plan is in effect, Seller shall comply with the prohibition set forth in Rule 10b5-1(c)(1)(i)(C) against entering into or altering a corresponding or hedging transaction or position with respect to the Stock.

(d)

Notice to UBS Financial Services, Inc. Seller shall notify UBS Financial Services Inc. to terminate or suspend sales, as appropriate, as soon as practicable upon the occurrence of any of the events contemplated in paragraph 7(a) or (b) or paragraph 8(c).

(e)

Communications. Seller shall not, directly or indirectly, communicate any material nonpublic information relating to the Stock or Issuer to any employee of the UBS Financial Services Inc. 10b5-1 Group or any UBS Financial Services Inc. Financial Advisor.

(f)

Compliance with Applicable Laws and Required Exchange Act Filings. Seller shall comply with all applicable laws, rules and regulations, and Seller shall make all filings required under Sections 13 and 16 of the Exchange Act in a timely manner.

(g)

No Influence. Seller does not have, and shall not attempt to exercise, any influence over how, when or whether to effect sales of Stock pursuant to this Trading Plan.

(h)

Stock Non-Marginable. The Stock is not marginable and may not be used by Seller as Collateral for any purpose.

(i)

Execution, Average Pricing and Pro Rata Allocation of Sales. UBS Financial Services Inc. may sell Stock on any national securities exchange, in the over-the-counter market, on an automated trading system or otherwise. UBS Financial Services Inc. or one of its affiliates may make a market in the Stock and

may act as principal in executing, sales under the Trading Plan. To the extent that UBS Financial Services Inc. administers other trading plans relating to Issuer's securities, UBS Financial Services Inc. may aggregate orders for Seller with orders under other sellers' trading plans for execution in a block and allocate each execution or. a pro rata basis to each seller. In the event of partial execution of block orders, UBS Financial Services Inc. shall allocate the proceeds of all Stock actually sold on a particular day pursuant to all Rule 10b5-1 trading plans concerning Issuer's securities that UBS Financial Services Inc. manages pro rata based on the ratio of (x) the number of shares to be sold pursuant to the order instructions of each Trading Plan to (y) the total number of shares to he sold under all Trading Plans having the same type of order instructions.

(j)

Exclusivity. Until this Trading Plan has been terminated, Seller shall not enter into any agreement with, give any instructions to, or adopt a plan for trading with another Financial Institution with respect to purchase or sale of the Stock or the Options that are referenced in Exhibit A of the plan, for the purpose of establishing a trading plan that complies with Rule 10b5-1.

(k)

Acknowledgement of Relief from Obligation in Effect Sales. UBS Financial Services Inc. shall be relieved of its obligation to sell Stock as otherwise required by paragraph 1 above at any time when:

(i)

UBS Financial Services Inc. has determined that (A) it is prohibited from doing so by a legal, contractual or regulatory restriction applicable to it or its affiliates or to Seller or Seller's affiliates, or (B) a material adverse change in the financial markets, in the market activity in the Stock or in the internal systems of UBS Financial Services Inc. or one of its affiliates, an outbreak or escalation of hostilities or other crisis or calamity has occurred (in each case, the effect of which is such as to make it, in the sole judgment of UBS Financial Services Inc., impracticable for UBS Financial Services Inc. to sell Stock); or (C) a trading suspension with respect to the Stock by the Securities end Exchange Commission or the Principal U.S. Market (defined in Exhibit A) or a delisting of the Stock or a banking moratorium has occurred; if UBS Financial Services Inc. cannot effect a sale for any of such reasons, UBS Financial Services Inc. shall effect such sale as promptly as practical after the cessation or termination of such cause, subject to the restrictions set forth in paragraph 1 of Exhibit A,

(ii)

This Trading Plan is suspended in accordance with paragraph 7 below,

(iii)

This Trading Plan is terminated in accordance with paragraph 8 below:

5.	Ride 144 and Rule 145. With respect to sales of Stock subject to Rule 144 or Rule 145, Seller and UBS Financial Services Inc. agree to comply with the following provisions:

(a)

Agreements by Seller Regarding Rule 144 and Rule 145.

(i)

Seller agrees not to take, rind agrees to cause any person or entity with which Seller would be required to aggregate sales of Stock pursuant to Rule I44(a)(2) or (c) not to take, any action that would cause the sales

hereunder not to meet all applicable requirements of Rule 144 or Rule 145.

(ii)

Seller agrees to complete, execute and deliver to UBS Financial Services Inc. Forms 144 for sales to be effected under the Trading Plan at such times and in such numbers as UBS Financial Services Inc. shall request. Seller hereby grants UBS Financial Services Inc. a power of attorney to complete and file on behalf of Seller any required Forms 144. The remarks section of each Form 144 filed shall include a statement to the effect that the shares covered by the Form 144 are being sold pursuant to a Rule 10b5-1 trading plan dated as of the date hereof, and the representation regarding the seller's knowledge of material nonpublic information speaks as of that plan adoption date.

(iii)

Seller agrees to complete, execute and deliver to UBS Financial Services Inc. Rule 144 Seller's Representation Letters (in the form attached as Exhibit C) for sales to be effected under the trading Plan at such times and in such numbers as UBS Financial Services Inc. shall request.

(b)

Agreements by UBS Financial Services Inc. Regarding Rule 144 and Rule 145.

(i)

UBS Financial Services Inc. agrees to conduct all sales pursuant to the Trading Plan in accordance with the manner of sale requirement of Rule 144. UBS Financial Services Inc. shall not effect any sales that it knows would exceed the then-applicable volume limitation under Rule 144.

(ii)

UBS Financial Services Inc. agrees to file such Forms 144 furnished by Seller pursuant to paragraph 5(a)(ii) on behalf of Seller as required by applicable law.

(iii)

UBS Financial Services Inc. agrees to submit such Rule 144 Seller's Representation Letters furnished by Seller pursuant to paragraph 5(a)(iii) on behalf of Seller as required by issuer's transfer agent.

6.	Options. (Intentionally Omitted).

7.	Suspension. Sales under this Trading Plan shall be suspended as follows:

(a)

Promptly after the date on which UBS Financial Services Inc. receives notice from Seller or Issuer of legal, contractual or regulatory restrictions applicable to Seller or Seller' affiliates that would prevent UBS Financial Services Inc. from selling Stock under this Trading Plan (such notice merely stating that there is a restriction applicable to Seller without specifying the reasons for the restriction), including a restriction based on Seller's awareness of material nonpublic information in connection with a tender offer for Issuer's securities (transactions on the basis of which Rule 14e-3 of the Exchange Act could be violated).

(b)

In the event of a Qualifying Securities Offering, promptly after the date on which UBS Financial Services Inc. receives notice from Issuer or Seller of the Suspension Date until UBS Financial Services Inc. receives notice from Issuer or Seller of the Resumption Date; provided, however, that (i) Seller certifies that

Seller has no control over the Suspension Date or the Resumption Date, and (ii) if Seller is enable to make such certification then this paragraph shall result in a termination of the Trading Plan, rather than suspension.

		"Qualifying Securities Offering" means any offering of securities of Issuer for cash in which the lead underwriter, lead manager, initial purchaser, placement agent or other entity performing a similar function (each, an "Underwriter") requires Seller to agree to restrict Seller's ability to effect Sales pursuant to this Trading Plan.

		"Suspension Date" means the date on which a preliminary prospectus, offering memorandum, offering circular or other disclosure document (each a "Preliminary Offering Document") is first used to market securities of Issuer by the Underwriter, or if a Preliminary Offering Document is not used, the date on which the underwriting agreement, purchase agreement, placement agent agreement or similar agreement (each, an "Underwriting Agreement") is entered into by the Underwriter and Issuer.

		"Resumption Date" means the day immediately following the expiration of the time period during which Seller was restricted from effecting Sales pursuant to this Trading Plan in accordance with the Underwriting Agreement.

	(c)	In the event that the UBS Financial Services Inc, 10b5-1 Group becomes aware of material nonpublic information concerning Issuer or the Stock, UBS Financial Services Inc. may be required by applicable law or, in its sole discretion, find it advisable to suspend sales under this Trading Plan. In such case, UBS Financial Services Inc. shall promptly notify Seller of the suspension of sales under this Plan.

8	Termination. This Trading Plan will terminate on the earliest to occur of the following (the "Plan Sales Period"):

(a)

at the close of trading on September 15, 2009;

(b)

promptly after the date on which UBS Financial Services Inc. receives notice from Seller of the termination of this Trading Plan, in which case, Seller agrees to notify the issuer promptly of such termination;

(c)

upon the reasonable determination by UBS Financial Services Inc., or promptly after the reasonable determination by Seller and notice to UBS Financial Services Inc. that this Trading Plan does not comply with Rule 10b5-1;

(d)

promptly after the date UBS Financial Services Inc. is notified of the death of Seller;

(e)

immediately in the event that Seller fails to deliver any Stock pursuant to paragraph 4(b) or fails to satisfy the delivery requirements with respect to Options set forth in Exhibit D;

(f)

the date that the aggregate number of shares of Stock sold pursuant to this Trading Plan reaches 2,000,000 shares; or

(g)

upon notice from UBS Financial Services to seller at any time prior to the commencement of sales, in the event Seller or Issuer are unable to provide reasonably satisfactory assurance that any Stock that remains unsold that the termination of the Trading Plan may be returned for relegending and/or conversion or similar controls.

9,	Indemnification; Limitation of Liability.

(a)

Indemnification.

(i)

Seller agrees to indemnify and held harmless UBS financial Services Inc. and its directors, officers, employees and affiliates from and against all claims, losses, damages and liabilities (including, without limitation, any legal or other expenses reasonably incurred in connection with defending or investigating any such action or claim) (collectively, "Losses") arising out of or attributable to (A) UBS Financial Services Inc.'s actions taken or not taken in compliance with this Trading Plan, (B) any breach by Seller of this Trading Plan (including Seller's representations and warranties hereunder) or (C) any violation by Seller of applicable laws or regulations. This indemnification shall survive termination of this Trading Plan.

(ii)

UBS Financial Services Inc. agrees to indemnify and hold harmless Seller from and against all Losses arising out of or attributable to the gross negligence or willful misconduct of UBS Financial Services Inc. in connection with this Trading Plan.

(b)

Limitation of Liability.

(i)

Notwithstanding any other provision hereof, UBS Financial Services Inc. shall not be liable to Seller, and Seller shall not he liable to UBS Financial Services Inc. for (A) special indirect, punitive, exemplary or consequential damages, or incidental losses or damages of any kind, even if advised of the possibility of such losses or damages or if such losses or damages could have been reasonably foreseen, or (B) any failure to perform or to cease performance or any delay in performance that results from a cause or circumstance that is beyond its reasonable control. including, but not limited to, failure of electronic or mechanical equipment. strikes, failure of common carrier or utility systems, severe weather, market disruptions or other causes commonly known as "acts of God".

(ii)

Notwithstanding any other provision hereof, UBS Financial Services Inc. shall not be liable to Seller for (A) the exercise of discretionary authority or discretionary control under this Trading Plan, if any, or (B) any failure to effect a sale required by paragraph 1, except for failures to effect sales as a result of the gross negligence or willful misconduct of UBS Financial Services Inc.

10.

Agreement to Arbitrate. Any dispute between Seller end UBS Financial Services Inc., arising out of, relating to or in connection with this Trading Plan or any transaction relating to this Trading Plan shall be determined only by arbitration as provided in the UBS Financial Services Inc. brokerage account agreement referred to in paragraph 4(a).

11.

Notices.

(a)

All notices to UBS Financial Services Inc. under this Trading Plan shall be provided in writing to the 10b5-1 Group of UBS Financial Services Inc. by facsimile at fax number 201-352-4728.

(b)

All notices to Seller under this Trading Plan shall he given to JingLong Group Co. LTD by mail to the address below:

c/o JA. Solar Holding Co.

JingLong Group Industrial Park

Ningjin, China 55550

(c)

Seller hereby instructs and authorizes UBS Financial Services Inc. to send duplicate copies of all confirmations of trades made under this Trading Plan to the Issuer at the following address:

Sun Lihong

JA Solar Holding Co.

JingLong Group Industrial Park

Ningjin, China 55550

(d)

UBS Financial Services Inc. will provide notification of all sales of Stock and exercise of Options under this Trading Plan to Seller and to Issuer by e-mail at the below addresses by 6 p.m. (ET) on the date of execution on a best efforts basis, with a final report by 12 p.m. (ET) on the following business day Seller and Issuer agree to notify UBS Financial Services Inc. in writing of any changes to the contest information provided.

jbf@jinglong.net

slh@jinglong.net

xiejian@jasolar.com

richard.tang@ubs.com

steve.sun@ubs.com

12.	Amendments and Modifications. This Trading Plan and the Exhibits hereto may be amended by Seller only upon the written consent of UBS Financial Services Inc. and receipt by UBS Financial Services Inc. of the following documents, each dated as of the date of such amendment:

(a)

a certificate signed by Seller, certifying that the representations and warranties of Seller contained in this Trading Plan are true at and as of the date of such certificate as if made at and as of such date; and

(b)

an issuer certificate completed by the Issuer substantially in the form of Exhibit B.

13.

Inconsistency with Law. If any provision of this Trading Plan is or becomes inconsistent with any applicable present or future law, rule or regulation, that provision will be deemed modified or, if necessary, rescinded in order to comply with the relevant law, rule or regulation. All other provisions of this Trading Plan will continue and remain in full force and effect.

14.	Governing Law. This Trading Plan shall be governed by and construed in accordance with the internal laws of the State of New York.

15.

Entire Agreement. This Trading Plan, including Exhibits, and the brokerage account agreement referred to in paragraph 4(a) above, constitute the entire agreement between the parties with respect to this Trading Plan and supercede any prior agreements or understandings with regard to this Trading Plan.

16.	Counterparts. This Trading Plan may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

NOTICE: THIS AGREEMENT CONTAINS A PREDISPUTE ARBITRATION CLAUSE IN PARAGRAPH 10.

IN WITNESS WHEREOF, the undersigned have signed this Trading Plan as of the date first written above.

JINGLONG GROUP CO. LTD

/s/		Aug. 28, 2008
Name: JingLong Group Co. LTD, Jin, Bao Fong Title: Director		Date

UBS FINANCIAL SERVICES INC.


Name: Igor Shteyn Title: Director		Date


Name: David Stack Title: Associate Director		Date

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