China Glass (03300) annexed to enter into a financial lease arrangement

According to Zhitong Finance App News, China Glass (03300) announced that on July 2, 2025, Weihai China Glass, an indirect non-wholly-owned subsidiary of the company, entered into a financial leasing arrangement with the lessor (Ping An International Financial Leasing Co., Ltd.). According to this, the lessor has agreed (including) to purchase leased assets from Weihai CNG at a cost of approximately RMB 150 million and lease the leased assets back to Weihai Zhongbo for a period of 24 months. The lease payment is approximately RMB 158.6 million, which should be paid to the lessor in 8 installments by Weihai China Glass.

Leased assets refer to certain machines and equipment on the Weihai CNG float glass production line and online low-emission glass production line according to the Weihai China Glass Financial Leasing Arrangement.