CHINA GLASS (03300) plans to issue convertible bonds to Hillhouse Capital Group with a principal amount of approximately 1.5 billion yuan.

China Glass (03300) announced that on March 30, 2026, the company entered into a non-binding memorandum of understanding with Hony Capital Group Limited (the potential subscriber). The potential subscriber (or its affiliates) will subscribe to approximately RMB 1.5 billion in principal amount of convertible bonds, which can be converted into common shares of the company. The board of directors believes that raising funds through the proposed issuance of convertible bonds will provide timely funds for the group to refinance existing debts and partially repay them, thereby alleviating immediate debt repayment pressure and reducing overall financial burden. These arrangements will strengthen the group's capital structure and liquidity position, supporting its sustainable business operations and development.