(Hong Kong, 21 August 2024)  —  Xinyi Glass Holdings Limited ("Xinyi Glass") (stock code: 00868), a leading integrated automobile glass, energy-saving architectural glass and highquality float glass manufacturer, and Xinyi Solar Holdings Limited ("Xinyi Solar") (stock code: 00968), the world’s largest solar glass manufacturer have been ranked 315th and 269th in the list of “Hurun China 500 Most Valuable Private Companies 2023” respectively, released by Hurun Research Institute recently given their excellent and comprehensive strengths. This achievement once again not only highlights the companies’ leading position and strong development potential in the high-tech manufacturing industry, as well as the high recognition by authoritative organizations for their business scale, profitability and brand influence but also showcases the rise and responsibility of Chinese enterprises on the global economic stage.

Dr. LEE Yin Yee (S.B.S), Chairman of Xinyi Glass and Xinyi Solar, said, “The joint entry of Xinyi Glass and Xinyi Solar on the ‘Hurun China 500 Most Valuable Private Companies’ is not only the best recognition of the Xinyi Group’s persistence in developing its business and conducting technological innovation over the years but also an affirmation of the dedication of all Xinyi employees. Faced with the volatility in the global economy, the Group has continued to adhere to our philosophy of ‘Be Better and Stronger’, with a market-oriented and customercentric approach, continuously improving product quality and service standards. We also firmly believe that technological innovation is the eternal driving force for enterprise development. Therefore, we have continued to increase R&D investment, using technological innovation to lead the development of the industry. This honor is not only an affirmation of our past efforts but also a motivation for our future. We will continue to forge ahead with unwavering confidence drive development with innovation, shape the future with technology, and contribute the Xinyi strength to the development of the Chinese economy.”