Luoyang Glass Company Limited (SEHK:1108) entered into the cooperative intent agreement to acquire TG Fujian Photovoltaic Glass Co., LTD from Taiwan Glass China Holding Ltd. on September 23, 2021. In 2020, TG Fujian Photovoltaic Glass Co., LTD generated total assets of CNY 774 million, operating income of CNY 193.7 million and net profit of CNY 13.8 million. The transaction is subject to approval by the competent authority of both parties. On September 23, 2021, the 40th session of 9th directorate of Luoyang Glass Company Limited approved the transaction.