Flat Glass Group adjusts 2025 related party transaction estimates upward

Flat Glass Group Co., Ltd. has revised its 2025 ordinary related party transaction estimates with Jiaxing Kaihong Flat Supply Chain Management Co., Ltd. and its subsidiary, Kaihong Flat Logistics (Vietnam) Co., Ltd. The total estimated amount for these transactions has increased from 50,800.00 yuan to 72,800.00 yuan (excluding tax). This adjustment, approved by the board of directors on December 12, 2025, is primarily driven by an increase in business volume.

The adjustment is based on actual business development and is deemed to follow fair and market-based pricing principles, positively impacting the company's operational performance. The board of directors and the audit committee concluded that these transactions do not harm the interests of the company or its shareholders, including minority shareholders, and will not affect the company's independence. As the increased amount does not exceed 5% of the company's latest audited net assets, it does not require shareholder approval.

Kaihong Flat, a related legal entity with a director also serving on Flat Glass Group’s board, primarily offers supply chain management and logistics services. For 2024, Kaihong Flat reported total assets of 214,802,102.28 yuan and net profit of 8,430,113.16 yuan. As of June 30, 2025, its total assets increased to 255,084,367.64 yuan, with net profit for January-June 2025 reaching 22,532,814.85 yuan.