Triumph Science and Technology Group Co., Ltd. entered into the Share Transfer Agreement to acquire CLFG Luoyang Longhai Electronic Glass Company Limited, CLFG Longmen Glass Co. Ltd. and Bengbu China National Building Materials Information Display Materials Company Limited from Luoyang Glass Company Limited (SEHK:1108) for approximately CNY 540 million on November 26, 2021. Within five business days from the date of the Share Transfer Agreement becoming effective, Triumph Group shall pay the first instalment of the Share Transfer Price of CNY 268.058 million to the Luoyang Glass Company Limited.

Within five business days from the date on which 100% of the equity interests in the three Target Companies are changed under the name of Triumph Group, Triumph Group shall pay the remaining balance of the Share Transfer Price to the Luoyang Glass Company Limited. Transaction is subject to approval of shareholders. The Luoyang Glass Company Limited intends to use the proceeds from the Disposal for the future development of the Group's core business, including but not limited to accelerating the construction of new projects, maintaining the stable operation of the existing photovoltaic glass business and actively expanding the business related to new energy materials.