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| Monday, 17 August 2015, 17:02 HKT/SGT | |
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HONG KONG, Aug 17, 2015 - (ACN Newswire) - The Boards of Directors of Xinyi Glass Holdings Limited ("Xinyi Glass;" stock code: 868) and Xinyi Solar Holdings Limited ("Xinyi Solar;" stock code: 968), hereby jointly make a clarification relating to the recent untrue news reports in the media about the alleged relationship between Mr. Lee Yin Yee ("Mr. Lee"), the principal shareholder of Xinyi Glass and Xinyi Solar, and the logistics company within the Industrial Binhai New Area, Tianjin, which runs the warehouses relating to the explosion in Tianjin few days ago. The Boards of Directors of Xinyi Glass and Xinyi Solar would like to clarify that Mr. Lee, Xinyi Glass, Xinyi Solar and all of the major shareholders have neither a direct nor an indirect relationship with the logistics company operating the warehouses and none of the companies' businesses is related to the logistics company in issue.
Xinyi Glass and Xinyi Solar would like to remind the public not to be misled by untrue news reports in the media and the companies reserve the right to take legal actions in relation to any untrue news report.
About Xinyi Glass Holdings Limited
Established in Hong Kong and listed on the Main Board of the Hong Kong Stock Exchange in February 2005, Xinyi Glass Holdings Limited is one of the largest integrated manufacturers of high quality float glass and glass products for the automobile and construction sectors in China and overseas. Its automobile glass brand was named "China Top Brand" in 2007. With a sales network that spans more than 130 countries and territories worldwide, Xinyi Glass has a solid customer base comprising renowned companies. Its product range includes high-quality float glass, windshields, side and rear windows, plastic and rubber components for automobile glass, environmentally friendly and energy saving low-emission coated construction glass for buildings and other glass products that employ new technologies and used in new energy products. Xinyi Glass' production complexes are located in Shenzhen, Dongguan and Jiangmen (in Guangdong Province), Wuhu (in Anhui Province), Tianjin, Yingkou (in Liaoning Province) and Deyang (in Sichuan Province) in China. The Group is a constituent of the Hang Seng Global Composite Index, Hang Seng Composite Index, Hang Seng Composite MidCap Index, Hang Seng Composite Industry Index - Industrial Goods, Hang Seng Mainland 100 Index, as well as MSCI Hong Kong Small Cap Index. Xinyi Glass is also included in the 2014 Fortune China 500. Xinyi Glass is the single largest shareholder of Xinyi Solar Holdings Limited (stock code: 00968), holding 27.22% of the number of Xinyi Solar Shares in issue. For details, please visit www.xinyiglass.com.
About Xinyi Solar Holdings Limited
Xinyi Solar Holdings Limited is engaged in the production and sales of solar glass products including ultra-clear PV raw glass, ultra-clear PV processed glass and other glass such as back glass. As of the end of December 2014, Xinyi Solar is the world's largest ultra-clear PV raw glass manufacturer based on production capacity (source: China Architectural and Industrial Glass Association). Xinyi Solar has production bases in Wuhu and Tianjin. With excellent product quality, it supplies solar glass products to more than 100 customers around the world. Besides, Xinyi Solar has three solar farms in Anhui and Fujian Provinces, with an aggregate capacity of 280MW, which are connected to grid. It also has several solar farm projects under construction in middle and eastern region of the PRC. The Group is a constituent of the Hang Seng Global Composite Index, Hang Seng Composite Index, Hang Seng Composite Industry Index - Industrials, Hang Seng Composite SmallCap Index. Its single largest shareholder is Xinyi Glass Holdings (stock code: 00868), which holds 27.22% of the number of the Group's shares in issue. For details, please visit www.xinyisolar.com.
For more information
Strategic Financial Relations Limited
Iris Lee
Tel: + 852 2864 4829
Email: iris.lee@sprg.com.hk
Joanne Lam
Tel: + 852 2864 4816
Email: joanne.lam@sprg.com.hk
Katrina Leung
Tel: + 852 2864 4857
Email: katrina.leung@sprg.com.hk
Fax: +852 2527 1196 / 2111 9030
Website: www.sprg.com.hk
Topic: Press release summary
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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