Flat Glass Group Co., Ltd. — Capital/Financing Update 2016

Aug 28, 2016

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

福萊特玻璃集團股份有限公司 Flat Glass Group Co., Ltd.

(a joint stock company incorporated in the People’s Republic of China with limited liability)

(Stock code: 6865)

CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement of Flat Glass Group Co., Ltd. (the “ Company ”) dated 25 August 2016 in relation to, among others, the Proposed A Share Offering (the “ Announcement ”). Unless otherwise defined, terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Company noted that there were certain inadvertent calculation and clerical errors in the Announcement, and would like to make the following clarifications:

• (1) The table and its notes that set forth the plan for the use of proceeds under the paragraph headed “2. Use of proceeds from the Proposed A Share Offering” on page 6 of the Announcement shall be replaced by the following in its entirety:

  • Project Amount of proceeds to be used (RMB)

  • 1. The annual production capacity of 900,000 tons of glass as covers 1,330,000,000 for PV modules project of a subsidiary of the Company, Anhui Flat Solar Glass Co., Ltd.* ( 安徽福萊特光伏玻璃有限公司 )[(1)]
  • 1. The annual production capacity of 100,000 tons on-line low220,000,000 emissivity (Low-E) coated glass project of the Company[(2)]
  • 1. The technological modification of the 150,000 tons of PV glass 155,000,000 manufacturing facilities of a subsidiary of the Company, Zhejiang Jiafu Glass Co., Ltd.* ( 浙江嘉福玻璃有限公司 )[(3)]
  • 1. The 85 megawatts of distributed PV power generation project of a 135,000,000 subsidiary of the Company, Jiaxing Flat New Energy Technology Co., Ltd.* ( 嘉興福萊特新能源科技有限公司 )[(4)]

Total 1,840,000,000

1

Notes:

1. The entire project is estimated to cost approximately RMB2,086,620,000, of which, approximately RMB1,330,000,000 will be funded by the proceeds from the Proposed A Share Offering. The proceeds will be used for the establishment of eight PV raw glass production lines with two 1,000-ton PV glass furnaces and ten PV glass processing line with a total annual processing capacity of 75.0 million square meters of PV glass, being part of the said project.

2. The proceeds will be used for the conversion of an existing 600-ton float glass furnace to an on-line Low-E production line with an annual production capacity of 100,000 tons.

3. The proceeds will be used for the conversion of the two existing 300-ton PV glass furnaces to one 600-ton photovoltaic glass furnace.

4. The entire project is estimated to cost approximately RMB600,000,000, of which, approximately RMB135,000,000 will be funded by the proceeds from the Proposed A Share Offering. The proceeds will be used to construct total capacity of 20 megawatts of distributed PV systems.

• (2) Paragraph (c) under the heading “5. Proposed amendments to certain corporate governance rules” on page 7 of the Announcement shall be deleted in its entirety, and paragraphs (d), (e), (f), (g), (h), (i) and (j) under the same heading shall be replaced with (c), (d), (e), (f), (g), (h) and (i), respectively.

• (3) References to “controlling shareholders” on pages 2, 5 and 9 of the Announcement shall be replaced with “actual controllers”, and the reference to “Directors and senior management” in the first paragraph under the heading “10. Undertakings from the actual controllers of the Company on the dilution of immediate returns as a result of the Proposed A Share Offering and related remedial measures” on page 9 of the Announcement shall be replaced with “actual controllers”.

• (4) Proposals numbered 6, 7, 8, 9, 10 and 11 under the section headed “Other Resolutions Relating to the Proposed A Share Offering” set forth on pages 8 and 9 of the Announcement will be submitted to the EGM and the Class Meetings for consideration and approval by the Shareholders by way of special resolutions instead of ordinary resolutions.

Other than the above clarifications, the remaining contents of the Announcement remain unchanged.

By order of the Board of Flat Glass Group Co., Ltd. Ruan Hongliang Chairman

Jiaxing, Zhejiang Province, the PRC 26 August 2016

As at the date of this announcement, the executive directors of the Company are Mr. Ruan Hongliang, Ms. Jiang Jinhua, Mr. Wei Yezhong, Mr. Shen Qifu and the independent non-executive directors of the Company are Ms. Pan Yushuang, Mr. Li Shilong and Mr. Ng Ki Hung.

* For identification purposes only

2