Xinyi Glass Increased Its Stake in Xinyi Energy by 774,000 Shares for Two Consecutive Days
(28 October 2022, Hong Kong) - Xinyi Energy Holdings Limited ("Xinyi Energy" or the "Group"; stock code: 03868), a leading non-state-owned solar farm owner and operator in the PRC, announced that its shareholder Xinyi Glass Holdings Limited and its subsidiaries ("Xinyi Glass") increased its stake in the Group by 726,000 shares and 48,000 shares at an average price of HK$2.000 and HK$2.045 per share, respectively, on 25 and 26 October, amounting to 774,000 shares in total. As such, Xinyi Glass now holds around 442 million shares of the Group, about 5.93% of the Group's issued shares.
Since the listing of the Group, Xinyi Glass has increased its stake in the Group 22 times and more than 38.44 million shares in aggregate in the secondary market. Moreover, Xinyi Glass and the Group's major shareholders also elected to increase their shareholding in the Group by way of scrip dividend when receiving the 2022 interim dividend, reflecting their full confidence in the long-term growth and development prospects of the Group's core business.