Fook Yiu Glass to issue H-share fundraising to promote internationalization strategy

The Securities Times Network (www.stcn.com) September 23 News (600660) September 23 Evening announcement, in order to meet the company's business development of capital requirements, the company intends to issue foreign listed overseas shares (H-shares) and apply for the board listed on the Stock Exchange in Hong Kong listing. Financial profit Po, the current deposit interest rate increased 1000% the company issued shares of common stock, the nominal value of 1 yuan per share, issued by the Hong Kong public offering and international placements. Subject to the minimum liquidity ratio stipulated in the regulatory requirements of the H-share listing, the share of the shares issued by the company does not exceed 18% per cent of the total number of stocks issued after the issuance, and the company has granted the bookkeeping Manager no more than 15% of the share of the shares in this issue. Fu Yiu Glass This issue of the issuance of H-share shares after deducting the issue fees, to be used in Russia, the United States or Europe, the Americas and other regions to build automotive glass and float glass production base, marketing and service network, expand the production capacity of the international market, and diversify the market risk, Accelerate the implementation of corporate internationalization strategy, in Russia, the United States or Europe, the Americas and other regions to establish international research and design platform, improve research and development system, improve research and development, promote long-term sustainable development of the company's existing business optimization and upgrading, promote automation modernization, improve production, sales, Service and management efficiency, reduce operating costs, replenish liquidity, repay bank loans, optimize capital structure, and other general commercial uses.