FLAT GLASS (06865) intends to invest approximately 60.0399 million yuan to acquire 60% of Shanghai Fulai Ruicheng's equity.

FLAT GLASS (06865) announced that on August 5, 2026, the company signed a share transfer agreement with Yihe Investment. The company plans to acquire a 60% stake in Shanghai Fulairicheng from Yihe Investment, with a total transaction price of approximately RMB 60.0399 million. Upon completion of the acquisition, Shanghai Fulairicheng will become a wholly-owned subsidiary of the company, and its financial data will be included in the company's consolidated financial statements. Strategically, this acquisition will grant the company complete strategic autonomy, allowing it to independently determine the research and development direction, market strategy, and resource allocation for Shanghai Fulairicheng, fully aligning it with the overall strategy of the group. Moreover, the limited synergies under the current equity participation will upgrade to business integration, enabling Shanghai Fulairicheng's research and development, sales, and other aspects to seamlessly integrate into the existing business system of the company, achieving a smooth transition from new materials R&D to mass production. On the business front, Shanghai Fulairicheng focuses on the R&D of new material technologies, technical glass products, functional glass, and new optical materials. Its R&D direction and pace can be directly controlled by the company, ensuring that technological results prioritize the upgrade of its own products.