This approval allows JA Solar to repurchase $100m worth, issued and outstanding American Depository shares (ADSs) before 30 September 2012.

To be purchased from the open market at existing prices, JA Solar manufacturer of solar power products will acquire the ADSs according to applicable terms and conditions to volume, price and timing.

China-based JA Solar that maintains production facilities in Shanghai, as well as Hebei, Jiangsu and Anhui provinces of China shipped out 1.69 GW of solar power products in the year 2011.

The company disclosed first quarter net earnings of CNY1.6bn ($254.4m) earlier this month.