Flat Glass Group Co., Ltd. and Certain of its Wholly-Owned Subsidiaries Enters into the Sales Contract for the Supply and Sale of an Aggregate of 59GW of Photovoltaic Rolled Glass
December 30, 2020 at 06:23 am EST
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Flat Glass Group Co., Ltd. announced that the Board has approved, and the Company and certain of its wholly-owned subsidiaries as the Sellers and certain wholly-owned subsidiaries of Jinko Group as the Purchasers entered into the Sales Contract on 30 December 2020 for the supply and sale of an aggregate of 59GW (approximately 338,000,000 square meters) of Photovoltaic Rolled Glass (for using in solar modules) from 1 January 2021 to 31 December 2023. As the Sales Contract and the transactions contemplated under the Sales Contract are of a revenue nature in the ordinary and usual course of business of the Group under Rule 14.04(1)(g) of the Listing Rules, it does not constitute as a notifiable transaction for the Company under Chapter 14 of the Listing Rules. Parties are the Company, Anhui Flat Glass, Zhejiang Jiafu, Flat (Vietnam) Company Limited and Flat (Hong Kong) Company Limited, wholly- owned subsidiaries of the Company, as the Sellers and Jinko Group, Jinko Solar (Chuzhou) Co., Ltd., Zhejiang Jinko Solar Co., Ltd., Jinko Solar (Yiwu) Co., Ltd., Yuhuan Jinko Solar Co., Ltd. and Jinko Solar Technology Sdn. Bhd, as the Purchasers.
Flat Glass Group CO., LTD. is a China-based company principally involved in the research, development, manufacturing and sales of glass products. The Company's main products include photovoltaic glass, float glass, engineering glass and home glass. In addition, the Company is also engaged in the mining and sales of glass quartz mine and engineering procurement construction (EPC) photovoltaic power plant construction businesses. The Company distributes its products within domestic market and to foreign markets.
Flat Glass Group Co., Ltd. and Certain of its Wholly-Owned Subsidiaries Enters into the Sales Contract for the Supply and Sale of an Aggregate of 59GW of Photovoltaic Rolled Glass