Xinyi Glass : REDEMPTION OF CONVERTIBLE BONDS

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XINYI GLASS HOLDINGS LIMITED

信 義 玻 璃 控 股 有 限 公 司

(Incorporated under the laws of the Cayman Islands with limited liability)

(Stock code: 00868) REDEMPTION OF CONVERTIBLE BONDS

Reference is made to the announcement of Xinyi Glass Holdings Limited (the "Company") dated 3 May 2012 in relation to, inter alia, the issuance of the convertible bonds of an initial principal amount of HK$776,000,000 (the "Convertible Bonds"), the announcements of the Company dated 30 August 2013,

26 November 2013 and 2 December 2016 in relation to the adjustments to the conversion price applicable to the Convertible Bonds and the announcements of the Company dated 26 April 2017, 28 April 2017 and 2 May 2017 in relation to the partial conversion of the Convertible Bonds.

Pursuant to the terms and conditions of the Convertible Bonds, the Issuer has redeemed at maturity all outstanding Convertible Bonds in the amount of HK$75,000,000 in full at the redemption price (together with accrued and unpaid interest thereon) in HK$91,434,525 (the "Redemption"). Following the Redemption, the Convertible Bonds will be cancelled and the Issuer will be discharged from all of its obligations under and in respect of the Convertible Bonds.

By order of the Board

Xinyi Glass Holdings Limited Datuk LEE Yin Yee, B.B.S.

Chairman

Hong Kong, 10 May 2017

As of the date of this announcement, the Board comprises four executive Directors, namely Datuk LEE Yin Yee, B.B.S., Mr. TUNG Ching Bor, Datuk TUNG Ching Sai, Mr. LEE Shing Kan, the non-executive Directors are Mr. NG Ngan Ho, Mr. LI Ching Wai, Mr. SZE Nang Sze, Mr. LI Ching Leung, and the independent non-executive Directors are Mr. LAM Kwong Siu, S.B.S, Mr. WONG Chat Chor Samuel, Dr. WONG Ying Wai, G.B.S., JP, Mr. TRAN Chuen Wah, John and Mr. TAM Wai Hung, David.