Flat Glass : VOLUNTARY ANNOUNCEMENT - INCREASE OF SHAREHOLDING IN THE COMPANY BY CONTROLLING SHAREHOLDERS

Hong Kong Exchange and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

福 萊 特 玻 璃 集 團 股 份 有 限 公 司

Flat Glass Group Co., Ltd.

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock code: 6865)

VOLUNTARY ANNOUNCEMENT

INCREASE OF SHAREHOLDING IN THE COMPANY

BY CONTROLLING SHAREHOLDERS

Flat Glass Group Co., Ltd.* (the "Company") was informed by Mr. Ruan Hongliang ("Mr. Ruan"), Ms. Jiang Jianhua ("Ms. Jiang"), Ms. Ruan Zeyun ("Ms. Ruan"), each a controlling shareholder of the Company, that they increased their shareholding in the Company on 6 May 2021, 7 May 2021 and 10 May 2021 (the "Increases"). Details of the Increases are as follows:

1. DETAILS OF THE INCREASES

Mr. Ruan increased his shareholding in the Company by acquiring 40,000 H Shares of the Company ("H Shares") on 10 May 2021, representing 0.0019% of the total issued shares of the Company.

Ms. Jiang increased her shareholding in the Company by acquiring 45,000 H Shares on 7 May 2021, representing 0.0021% of the total issued shares of the Company.

Ms. Ruan increased her shareholding in the Company by acquiring 33,000 H Shares of the Company on 6 May 2021, representing 0.0015% of the total issued shares of the Company. Ms. Ruan further increased her shareholding in the Company by acquiring 27,000 H Shares on 7 May 2021, representing 0.0013% of the total issued shares of the Company. Ms. Ruan further increased her shareholding in the Company by acquiring 5,000 H Shares on 10 May 2021, representing 0.0002% of the total issued shares of the Company.

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Mr. Ruan, Ms. Jiang, Ms. Ruan and Mr. Zhao Xiaofei ("Mr. Zhao") entered into a concert party agreement on 19 September 2016. Mr. Ruan is the spouse of Ms. Jiang. Ms. Ruan is the spouse of Mr. Zhao, and the daughter of Mr. Ruan and Ms. Jiang. Prior to the Increases, Mr. Ruan owned 439,358,400 A Shares and 419,000 H Shares of the Company ("A Shares" and together with the H Shares, the "Shares"). Ms. Jiang owned 324,081,600 A Shares of the Company. Ms. Ruan owned 350,532,000 A Shares and 360,000 H Shares of the Company. Mr. Zhao owned 4,800,000 A Shares of the Company. Mr. Ruan, Ms. Jiang, Ms. Ruan and Mr. Zhao (the "Concert Parties") was considered to be interested in 1,118,772,000 A Shares and 779,000 H Shares,and totally interested in 1,119,551,000 Shares, representing 52.1645% of the total issued Shares of the Company under the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) (the "SFO").

Following the Increases, Mr. Ruan held 439,358,400 A Shares and 459,000 H Shares, representing 20.4929% of the total issued Shares of the Company. Ms. Jiang held 324,081,600 A Shares and 45,000 H Shares, representing 15.1024% of the total issued Shares of the Company. Ms. Ruan held 350,532,000 A Shares and 425,000 H Shares, representing 16.3525% of the total issued Shares of the Company .Mr. Zhao held 4,800,000 A Shares, representing 0.2237% of the total issued Shares of the Company, and therefore, each of the Concert Parties is considered to be interested in 1,119,701,000 Shares under the SFO, representing 52.1715% of the total issued Shares of the Company.

1. PLAN TO FURTHER INCREASE THE SHAREHOLDING IN THE COMPANY
   Having great confidence in the future prospects of the Company's business development, Mr. Ruan and other Concert Parties propose to continue to increase their shareholding in the Company through the trading system of The Stock Exchange of Hong Kong Limited to the extent permissible during the 12-month period from the date of their initial increase. The total shareholding following the initial increase and further increase shall not exceed 10,000,000 Shares (including the newly acquired Shares), representing 0.4659% of the issued Shares of the Company.
2. The Increases are in compliance with the relevant laws and regulations, including the Securities Law of the People's Republic of China, the departmental rules and the operating rules of the Shanghai Stock Exchange, and the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (the "Listing Rules").

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4. Each of the Concert Parties undertakes not to reduce their shareholding in the Company during the 12-month period referred to in paragraph 2 above and the statutory period requirement.

By order of the board of directors of

Flat Glass Group Co., Ltd.

Ruan Hongliang

Chairman

Jiaxing, Zhejiang Province, People's Republic of China

11 May 2021

As at the date of this announcement, the executive directors of the Company are Mr. Ruan Hongliang, Ms. Jiang Jinhua, Mr. Wei Yezhong, Mr. Shen Qifu and the independent non-executive directors of the Company are Mr. Cui Xiaozhong, Ms. Hua Fulan and Mr. Ng Ki Hung.

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