On May 10, 2021, Fuyao Glass Industry Group Co., Ltd. (“Fuyao Glass”, Stock code: 600660.SH, 03606.HK) has issued and completed the placing of new H Shares (the “Placing”). An aggregate of 101,126,000 new H Shares have been allotted and issued to no less than six independent Placees at the placing price of HK$42.90 per placing share, and the aggregate net proceeds from the Placing are approximately HK$4,312.46 million after deducting the relevant costs and expenses.  

Fuyao Glass is a large multinational group company specializing in the manufacture of automobile safety glass and industrial technical glass, has been listed in “Top 500 Companies” and “China Top 500 Private Enterprises” in China by Fortune magazine for several years. It has also received various social awards and honors, such as the Outstanding Corporate Citizen of the Year, the Outstanding Listed Company of the Year, and the CCTV Outstanding Employer of the Year. The main business of Fuyao Glass is to provide a variety of transportation tools safety glass and automotive accessories full solutions, and the company has been awarded as excellent global supplier by various automakers. 

Haiwen & Partners, as the PRC legal counsel of the sole placing agent UBS AG Hong Kong Branch, provided professional legal advice and effective solutions with respect to the PRC laws to the Placing. 

Haiwen team advising on this Placing is led by Chao HUO and Yi XIAO, and the team members include Yang LI, Lan SU.