CSG Holding to invest in Egyptian solar glass production

CSG Holding's board of directors approved a significant investment to establish a solar photovoltaic (PV) glass production line in Egypt. The project, greenlit at an extraordinary meeting on September 25, 2025, aims to build a 1,400 T/D, one-furnace, five-line PV rolled glass production facility, complemented by four tempering and coating processing lines. This strategic move aligns with the global shift towards diversified solar manufacturing beyond its current concentration in China.

The total planned investment for the project is approximately RMB 1.755 billion, with construction expected to span three years following regulatory approvals. The new venture, which will be managed by a newly established project company, will be funded through a combination of the company's own capital, financial institution financing, and the introduction of external shareholders. This initiative is designed to bolster CSG Holding's "domestic and international dual circulation" business synergy and enhance its international competitiveness.

The investment is considered an overseas project and requires approval from government departments. Potential risks include policy changes, domestic and international approval issues, and the possibility of financing shortfalls impacting project progress. CSG Holding stated it would prudently plan funding and optimize payment schedules to ensure successful implementation.