On July 12, China Southern Glass Group Co., Ltd. (Hereinafter referred to as "China Southern Glass") issued a notice on the expiration of the scheme of public issuance of A-share convertible corporate bonds. According to the
data, due to the changes in capital market environment and financing timing, the conditions for declaration and issuance are not mature enough, and no substantial progress has been made in the public issuance of A-share convertible corporate bonds by China Southern Glass within the validity period of the resolution. As of July 12, the scheme of China Southern Glass's public offering of A-share convertible corporate bonds expired automatically.
It is understood that China Nanbo held the ninth interim meeting of the board of directors and the ninth interim meeting of the board of supervisors on June 22, 2022, and the second interim shareholders'meeting in 2022 on July 11, 2022, and considered and adopted the Bill on the Scheme of Publicly Issuing A-share Convertible Corporate Bonds. The validity period of the resolution on the public issuance of A-share convertible corporate bonds is within 12 months from the date of approval by the shareholders'meeting. The
company said that the matter would not have a significant impact on the normal production and operation activities of the company, and would not harm the interests of the company and its shareholders, especially the minority shareholders. The company will make overall arrangements for the company's financing plan according to the needs of business development and capital demand. If the company starts the refinancing plan again in the future, it will re-fulfill the decision-making procedures and information disclosure obligations of the board of directors, the board of supervisors and the shareholders'meeting in accordance with the relevant provisions.