The board of directors of China Glass Holdings Limited announced that the ignition and commencement of production of a new photovoltaic glass production line with a daily melting capacity of 1,000 tons and the supporting deep processing line in Suqian, Jiangsu took place on 29 January 2023. In addition, the construction of a modified and upgraded online transparent conductive oxide (" TCO ") coated glass production line with a daily melting capacity of 600 tons and a new offline low- emission ("Low-E") coated glass production line with an annual production capacity of 10 million square meters in Dongtai, Jiangsu were completed and such production lines commenced production on 31 January 2023. The Group has long been engaged in the research and application of online coated float glass technologies.

With the "A Complete Set of Technologies and Applications for Efficient Preparation of Float Online Oxide Series Functional Films " winning the second class prize of the National Technology Invention Award, the Group is the only company with the proprietary intellectual property rights for online TCO coated glass production technologies in China. Such patented technologies have been applied in the above- mentioned upgraded and modified production line. In addition, such new photovoltaic glass production line has adopted the core technologies for high quality photovoltaic glass with world's leading technology and equipment level newly developed by CNBM New Material Research Institute.

The Group has always been following the " low-carbon, green, energy-saving and environmental protection " development concept and proactively helps the country achieves the "peak carbon dioxide emissions, carbon neutrality" targets. The three new energy glass production lines which were put into production in Jiangsu is a successful model of cooperation between the bases of the Group and local governments, further expands the energy-saving glass and new energy materials market and is beneficial to the Group in further achieving industrial upgrade, enhancing its competitive advantages in the market and potentially, further improving the future operating results of the Group.