Fuyao Glass Industry : ACCEPTANCE BY THE CSRC OF THE APPLICATION MATERIALS FOR THE PROPOSED ISSUANCE OF ADDITIONAL H SHARES UNDER SPECIFIC MANDATE

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

(Stock Code: 3606)

ACCEPTANCE BY THE CSRC OF THE APPLICATION

MATERIALS FOR THE PROPOSED ISSUANCE OF ADDITIONAL H SHARES UNDER SPECIFIC MANDATE

References are made to the announcements dated January 9, 2021, January 29, 2021 and February 27, 2021, and the Shareholders circular dated January 26, 2021 (the "Circular") of Fuyao Glass Industry Group Co., Ltd. (the "Company") in relation to, among others, the Company's proposed issuance of not more than 101,126,240 additional H Shares under the specific mandate (the "Issuance") and that the resolutions in respect of the Issuance have been considered and approved at the 2021 second extraordinary general meeting, the 2021 first A share class meeting and the 2021 first H share class meeting of the Company convened on February 26, 2021, respectively.

The board of directors of the Company (the "Board") hereby announces that, on March 9, 2021, the Company received the CSRC Acceptance Notice of the Application for Administrative Permission ( ʕ਷ᗇ္ึБ݁஢̙͡ሗաଣஷٝఊ') (Acceptance No.: 210503) issued by China Securities Regulatory Commission (the "CSRC"). The CSRC has reviewed the application (the "Application") materials of the Issuance submitted by the Company and considered that the Application materials were complete and decided to accept the Application.

The Issuance is still subject to the review and/or approval(s) from the competent regulatory authorities (including but not limited to the CSRC and The Stock Exchange of Hong Kong Limited), as well as various factors including market conditions, and therefore the Issuance may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Fuyao Glass Industry Group Co., Ltd.

Cho Tak Wong

Chairman

Fuzhou, Fujian, the PRC

March 10, 2021

As of the date of this Announcement, the Board of Directors of the Company comprises Mr. Cho Tak Wong, Mr. Tso Fai, Mr. Ye Shu and Mr. Chen Xiangming, as executive Directors; Mr. Wu Shinong and Ms. Zhu Dezhen, as non-executive Directors; Ms. Cheung Kit Man Alison, Mr. Liu Jing and Mr. Qu Wenzhou, as independent non-executive Directors.