Xinyi Glass Secures HK$1 Billion Green Loan from Hang Seng Bank

* * *

Actively explores green finance Realizes all-round sustainable development

(21 June, 2021, Hong Kong) - Xinyi Glass Holdings Limited (“Xinyi Glass” or the “Group”) (stock code: 00868.hk), a leading integrated automobile glass, energy-saving architectural glass and high-quality float glass manufacturer, has obtained the second-party opinion on its green finance framework agreement from Hong Kong Quality Assurance Agency (“HKQAA”), followed by a HK$1 billion green loan from Hang Seng Bank, speaking volumes to the significant recognition the Group enjoys for its environmentally friendly energy saving products and green production projects.

In March 2019, the Group for the first time passed the Green Finance Certification of HKQAA and received the Pre-issuance Stage Certificate under the "Green Finance Certification Scheme : 2018", confirming that its energy saving Low-E coating architectural glass projects met green project requirements. Between 2019 and 2020, the Group obtained a total of HK$3.6 billion green loans from various banks. The HK$1 billion green loan latest from Hang Seng Bank will be used in green projects of the respective industrial parks. In the future, the Group will continue to actively promote financial innovation, step up effort in exploring green finance and focus on developing sustainable development projects. Based on its ample funds, the Group will further broaden its financing channels through green financing.

Dr. LEE Yin Yee, B.B.S., Chairman of Xinyi Glass, said, "I would like to thank Hang Seng Bank and HKQAA again for supporting and endorsing our efforts to protect the environment and participate in green finance. Green finance is a practical means for a business enterprise to deliver its social responsibility. The Group has been integrating and optimizing its 'green' glass industrial chain by strengthening product R&D and innovation, plus strictly managing energy use and carbon emission, in a bid to bring environmental and energy saving products to customers, as well as contribute to creating a green and energy-saving society. Looking ahead, Xinyi Glass will effectively use the funds from the loan, and with its sound financial strengths, draw up a yet clearer roadmap for implementing environmental protection and sustainable development initiatives. It will strive to promote and realize its corporate mission and vision of ‘Leading a Green New Life’."