Flat Glass Group Co., Ltd. has announced plans to request a general mandate from shareholders to repurchase up to 10% of the company’s H shares currently listed on The Stock Exchange of Hong Kong. The repurchased shares will be retained as treasury stock.

The proposed mandate would allow the board to execute buybacks at prices not exceeding 105% of the average closing price of the company’s H shares over the five trading days preceding each transaction. Key execution parameters—including timing, volume and pricing—would be determined at the board’s discretion, subject to all relevant Chinese and Hong Kong regulatory requirements.

The authorisation would remain in force until the earlier of (1) the conclusion of Flat Glass’s annual general meeting for the financial year ending 31 December 2026 or (2) any revocation or variation of the mandate by shareholders at a general meeting. The board also seeks approval to open an offshore stock account for settlement, handle related foreign-exchange registrations, and complete any additional filings required by domestic or overseas regulators.

Flat Glass stated the initiative reflects confidence in its long-term development prospects and aims to protect shareholder interests while supporting market confidence. A circular detailing the proposal and a notice of the forthcoming general meeting will be dispatched to shareholders in due course.