China Glass (03300) announced that on November 23, 2023, Jiangsu Suhuada, an indirect subsidiary of the company, entered into a financial lease agreement with the lessor (CMB Financial Leasing Co., Ltd.). The lessor has agreed (including) to buy leased assets from Jiangsu Suhuada at a cost of RMB 150 million and lease assets back to Jiangsu Suhuada, with a total lease payment of approximately RMB 158 million.
Leased assets refer to glass melting kilns, cutting robot devices, and other glass production equipment for the Jiangsu Suhuada Glass Production Line.