HONG KONG, August 31, 2026 – (ACN Newswire) – Xinyi Glass Holdings Limited (“Xinyi Glassor the”Group) (stock code: 00868a leading incorporated vehicle glass, energy-saving architectural glass and premium float glass producer, today revealed its wholly-owned subsidiary, Xinyi Automobile Glass Holdings Limited (“Xinyi Automobile Glass”), sent the listing application (Form A1) to The Stock Exchange of Hong Kong Limited for the listing of and consent to handle the shares of Xinyi Automobile Glass on the Main Board of the Stock Exchange. The listing application was sent after the invoice of the Stock Exchange’s letter verifying that Xinyi Glass might continue with the proposed spin-off of the vehicle glass organization.
With its recognized operating history of almost 40 years, the vehicle glass company is among the 3 organization sections of Xinyi Glass, together with the float glass company and the architectural glass organization of Xinyi Glass. In 2025, the vehicle glass service ranked very first worldwide by profits in the aftermarket vehicle glass items market. Provided its scale of operation and worldwide organization protection, the Directors think that the different listing is the most proper method to support the constant development of the Automobile Glass
Organization. The different listing will likewise open the intrinsic worth of the car glass company and supply financiers in both Xinyi Glass and Xinyi Automobile Glass with higher exposure into their particular company advancements. The Directors think about that the proposed spin-off will supply clear industrial advantages to Xinyi Glass and Xinyi Automobile Glass.
Dr. LEE Yin Yee (S.B.S), Chairman of Xinyi Glassstated, “Following the proposed spin-off, financiers will get boosted openness into the particular organization efficiencies and tactical trajectories of both Xinyi Glass and Xinyi Auto Glass. We need to stress that this spin-off does not symbolize a constricting of Xinyi Glass’s service scope; rather, it makes it possible for each organization system to hone its tactical focus, completely take advantage of its core proficiencies, and attain equally advantageous synergies. Leveraging our long-lasting strengths in worldwide footprint growth, technological development, and strenuous expense management cultivated throughout the years, Xinyi Glass has actually sustained success levels in its float glass and architectural glass sectors that regularly surpass market peers, consequently supplying the Group with a steady and robust revenues structure. In spite of the extreme headwinds of a market cyclical slump, Xinyi Glass has not just effectively kept strong success however has actually likewise continued to advance capability growth– placing itself as one of the couple of openly noted peers that simultaneously shows profits durability and robust development momentum.
Gaining from the progressive commissioning and profits contribution of our abroad production centers, the Group’s worldwide market share has actually been progressively climbing up. Since completion of August 2026, Xinyi Glass represented almost 17% of Chinese Mainland’s overall float glass capability in operation, and over 10% of international capability *. We expect a more growth of our worldwide competitive footprint in the coming years. Looking ahead, Xinyi Glass stays unfaltering in its dedication to boosting functional effectiveness and expanding its international market existence. We are tactically placed to catch higher development chances upon the market’s ultimate healing, therefore providing sustainable, long-lasting worth to our investors.”
The proposed spin-off is anticipated to be executed by method of circulation in specie (the “XYG Distribution”) of the shares of Xinyi Automobile Glass (the “XYA Shares”), pursuant to which each of the Shareholders (besides those who are not certified to take part) will get brand-new XYA Shares for nil factor to consider on a professional rata basis. In addition, Xinyi Glass will offer its XYA Shares and Xinyi Automobile Glass will release brand-new XYA Shares as part of the proposed spin-off. Based upon the existing estimate, the XYA Shares to be dispersed under the XYG Distribution would represent 80.0% of the overall variety of the XYA Shares in problem, and the sale of XYA Shares by Xinyi Glass and the concern of XYA Shares by Xinyi Automobile Glass would represent 14.0% and 6.0%, respectively, of the anticipated size of the offering. The worldwide offering and the different listing is handled and sponsored by BNP Paribas Securities (Asia) Limited.
Xinyi Automobile Glass supplies auto glass and device options covering style, advancement, production, shipment assistance and service. Its car glass items are offered in more than 150 nations and areas throughout North America, South America, Europe, Asia, Oceania, the Middle East and Africa through its sales network and local sales groups. The auto glass company is mainly concentrated on the vehicle replacement glass market (ARG) market, while Xinyi Automobile Glass continues to broaden its existence in the OEM market. The ARG company take advantage of a broad client base and repeating replacement need, whereas the OEM company of Xinyi Automobile Glass allows it to take part in brand-new lorry design advancement and supply to vehicle producers. This organization design enables Xinyi Automobile Glass to serve varied need motorists throughout the vehicle glass market.
About Xinyi Glass Holdings Limited (Stock Code: 00868)
Developed in Hong Kong and noted on the Main Board of the Hong Kong Stock Exchange in February 2005, Xinyi Glass is among the biggest integrated producers of high quality float glass, vehicle glass and architectural glass in China and overseas. Xinyi Glass’ authorized hallmark was acknowledged as “China Well-known Trademark” by the State Administration for Industry and Commerce in 2017. Its vehicle glass brand name was called “China Top Brand” in 2007 by the General Administration of Quality Supervision, Inspection and Quarantine of the PRC. Xinyi Glass has actually developed 15 production complexes in different essential financial zones in various provinces in all parts of China, Malacca in Malaysia in addition to East Java in Indonesia. The Group has actually ended up being a constituent of Hang Seng Index along with 47 Hang Seng Indexes, consisting of Hang Seng Composite Index, Hang Seng Stock Connect Hong Kong (“SCHK”) Index, Hang Seng Large-Mid Cap Quality Comprehensive Index, and HSI ESG Index and so on, in addition to MSCI Global Small Cap Index, MSCI All Country (“A/C”) Far East Ex Japan Index, and MSCI Pacific Small Cap Value Index. Xinyi Glass is the single biggest investor of Xinyi Solar Holdings Limited (stock code: 00968), holding 23.8% of the variety of Xinyi Solar Shares in concern. Xinyi Glass straight holds 5.73% of the number of Xinyi Energy Holdings Limited (stock code: 03868) Shares in concern.
For information, please go to www.xinyiglass.com or scan listed below QR code.
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Subject: Press release summary