Glonghui, Feb. 15 | Yaopi Glass (600819.SH) announced that the company's holding subsidiary, Shanghai Yaopi Kangqiao Auto Glass Co., Ltd. (“Kangqiao Auto Glass”), publicly solicited investors through the Shanghai Joint Property Exchange and used competitive negotiation methods to select and determine strategic investor Pilkington Group Limited Pilkington Group Company. Pilkington Group subscribed to Kangqiao Auto and Glass at a capital increase of 108.5 million yuan equivalent in US dollars. This time, the registered capital was increased by 1,0493 million US dollars.

After this capital increase, the company, Shanghai Building Materials (Group), Hong Kong Offshore Construction Industrial, and Pilkington Group Co., Ltd. held 46.24%, 41.16%, 4.60%, and 8.00% of their registered capital respectively.

According to the announcement, Pilkington Group Inc. was founded on June 30, 1894. The legal representative is Paul Ravenscroft, with a registered capital of about 1,984 million pounds. The contact address is European Technical Centre, Hall Lane, LaThomL40 5UF, Lancashire, and UnitedKingdom. The main business is glass manufacturing and sales. Pilkington Group is a wholly-owned subsidiary of Pilkington International Holdings BV, the company's second largest shareholder. As of March 31, 2018, Pilkington Group had total assets of about 2,799 million pounds, total liabilities of about 854 million pounds, and net assets of about 1,844 million pounds.

Kangqiao Auto Glass's business purpose is to strengthen economic cooperation, promote technical exchanges, and produce and sell world-class automotive glass and flat glass deep-processing products through the use of advanced technology and scientific management to obtain satisfactory economic benefits from all parties involved in the joint venture. This capital increase is beneficial to Kangqiao Auto & Glass to strengthen its strength, improve its technical level, and further develop and expand.