China Glass (03300) announced that on December 2, 2024, the company's indirectly wholly-owned subsidiary Suqian Zhongbo entered into a financing lease arrangement with the lessor (Haitong UT International Financial Leasing Co., Ltd.). According to this arrangement, the lessor has agreed to purchase leasing assets from Suqian Zhongbo for approximately 0.1 billion yuan and lease the assets back to Suqian Zhongbo for a period of 24 months, with lease payments of approximately 0.105 billion yuan to be paid by Suqian Zhongbo to the lessor in 8 installments.
Leasing assets refer to certain machines and equipment of Suqian Zhong玻 photovoltaic glass production line under the financing lease arrangement.