Flat Glass Group: Share repurchase won't impact convertible bond price

Flat Glass Group Co., Ltd. announced that the conversion price of its "Flat convertible bonds" will remain at CNY 41.71 per share, following the repurchase and cancellation of 40,000 restricted shares. The company stated that the proportion of repurchased shares relative to the total share capital is small, hence no adjustment to the conversion price is deemed necessary.

The repurchased shares were part of the 2020 A-share restricted stock incentive plan. One incentive recipient's employment was terminated due to legal and disciplinary violations, leading to the forfeiture of their 40,000 unvested restricted shares. The repurchase price was CNY 6.23 per share, totaling CNY 249,200.

The company secured necessary approvals from its board of directors and supervisors on August 27, 2025, for the repurchase and cancellation. The process is expected to be finalized by October 24, 2025, after which the company will update its industrial and commercial registration.