[Issue of Shares / Amendment of Constitutional Documents] PROPOSED ISSUANCE OF ADDITIONAL H SHARES UNDER SPECIFIC MANDATE AND PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND CERTAIN CORPORATE GOVERNANCE POLICIES Size: 633KB Date: 2021-01-25

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in Fuyao Glass Industry Group Co., Ltd., you should at once hand this circular, together with the accompanying proxy form and the reply slip, to the purchaser(s) or transferee(s) or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser(s) or transferee(s).

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular.

This circular is for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

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

(Stock Code: 3606)

PROPOSED ISSUANCE OF ADDITIONAL H SHARES UNDER SPECIFIC MANDATE

AND

PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND

CERTAIN CORPORATE GOVERNANCE POLICIES

Placing Agent

The 2021 second extraordinary general meeting (the "EGM") of Fuyao Glass Industry Group Co., Ltd. will be held in the conference room of the Company located at Fuyao Industrial Zone, Rongqiao Economic & Technological Development Zone, Fuqing City, Fujian Province, the PRC at 2:00 p.m. on Friday, February 26, 2021, the 2021 first A share class meeting (the "A Share Class Meeting") will be held at 2:15 p.m. on the same date or immediately after the conclusion of the EGM (whichever is later), and the 2021 first H share class meeting (the "H Share Class Meeting", together with the A Share Class Meeting, the "Class Meetings") will be held at 2:30 p.m. on the same date or immediately after the conclusion of the A Share Class Meeting (whichever is later). Notices of the EGM and the H Share Class Meeting and the accompanying reply slips and proxy forms have been dispatched to Shareholders on January 12, 2021.

Whether or not you are attending the EGM and the H Share Class Meeting, you are requested to carefully read the notices of the EGM and the H Share Class Meeting and complete and return the accompanying proxy forms in accordance with the instructions printed thereon as soon as possible. To be valid, H Shareholders shall return the proxy forms or other authorization documents to the Company's H Share Registrar in Hong Kong, namely Computershare Hong Kong Investor Services Limited, and in any event not less than 24 hours before the time appointed for holding of the EGM and the H Share Class Meeting (i.e. before 2:00 p.m. on Thursday, February 25, 2021 for the purpose of the EGM, and before 2:30 p.m. on Thursday, February 25, 2021 for the purpose of the H Share Class Meeting) or any adjournments thereof by hand or by post. Completion and return of the proxy forms will not preclude you from attending and voting in person at the EGM and the H Share Class Meeting or at any adjournments thereof should you so wish.

If you are an H Shareholder and intend to attend the EGM and the H Share Class Meeting in person or by proxy, you are requested to complete the reply slips attached to this circular in accordance with the instructions printed thereon and return the same to the Company's H Share Registrar in Hong Kong, namely Computershare Hong Kong Investor Services Limited, on or before Friday, February 5, 2021.

References to dates and time in this circular are to Hong Kong dates and time.

January 26, 2021

	CONTENTS
	Page
DEFINITIONS . . . . . . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ii
LETTER FROM THE BOARD . . . . . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

- i -

DEFINITIONS

In this circular, unless the context otherwise requires, the following words and expressions shall have the following meanings:

"A Share Class Meeting"	the 2021 first A share class meeting of the Company to be held at
	2:15 p.m. on Friday, February 26, 2021 or immediately after the
	conclusion of the EGM (whichever is later)
"Articles of Association"	the articles of association of the Company (as amended from time
	to time)
"A Share(s)"	the ordinary shares of the Company, with a nominal value of
	RMB1.00 each, which are listed on the main board of the Shanghai
	Stock Exchange and traded in RMB
"A Shareholder(s)"	the registered holder(s) of A Shares
"Board" or "Board of Directors"	the board of Directors of the Company
"CSRC"	the China Securities Regulatory Commission
"Class Meetings"	the A Share Class Meeting and the H Share Class Meeting
"Company"	Fuyao Glass Industry Group Co., Ltd., a joint stock company
	incorporated in the PRC with limited liability, whose H Shares
	and A Shares are listed on the main board of the Hong Kong Stock
	Exchange and the main board of the Shanghai Stock Exchange,
	respectively
"Company Law"	Company Law of the People's Republic of China (2018 Revision)
"connected person(s)"	has the meaning ascribed to it under the Hong Kong Listing Rules
"Director(s)"	the director(s) of the Company
"EGM"	the 2021 second extraordinary general meeting of the Company to
	be held at 2:00 p.m. on Friday, February 26, 2021

- ii -

	DEFINITIONS
"H Share Class Meeting"	the 2021 first H share class meeting of the Company to be held
	at 2:30 p.m. on Friday, February 26, 2021 or immediately after
	the conclusion of the EGM and the A Share Class Meeting or any
	adjournments thereof
"H Share(s)"	the overseas listed foreign shares in the share capital of the
	Company, with a nominal value of RMB1.00 each, which are
	listed on the main board of the Hong Kong Stock Exchange and
	traded in HKD
"H Shareholder(s)"	holder(s) of the H Shares
"H Share Registrar"	Computershare Hong Kong Investor Services Limited
"Issuance"	proposed issuance and placement of no more than 101,126,240
	additional H Shares by the Company to qualified investors under
	the Specific Mandate
"HKD"	Hong Kong dollars, the lawful currency of Hong Kong
"Hong Kong" or "HK"	the Hong Kong Special Administrative Region of the PRC
"Hong Kong Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Latest Practicable Date"	January 20, 2021, being the latest practicable date prior to the
	printing of this circular for the purpose of ascertaining certain
	information contained herein
"Listing Rules"	the Rules Governing the Listing of Securities on the Hong Kong
	Stock Exchange (as amended from time to time)
"PRC"	the People's Republic of China, and for the purposes of
	this circular only, excluding Hong Kong, Macao Special
	Administrative Region and Taiwan region
"Rules of Procedure of the Board	Rules of Procedure of the Board of Directors of the Company
of Directors"

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