XINYI GLASS (00868) issued an announcement that on December 11, 2024 (after trading hours), XINYI Autos Glass...
According to the announcement from XINYI GLASS (00868) on December 11, 2024 (after trading hours), XINYI Autos Glass (Hong Kong) has entered into a 2024 glass supply agreement with suppliers ("XINYI INTERNATIONAL and XINYI GROUP (Glass)"). Under this agreement, the suppliers will continue to supply automotive glass products to XY ELEC STORAGE Group from January 1, 2025, to December 31, 2027 (including the first and last days) for a period of three years.
In light of the ongoing Business development of XY ELEC STORAGE, the directors of XY ELEC STORAGE expect that for the three financial years ending December 31, 2027, the Trade amount under the 2024 glass supply agreement will not exceed 10.2 million HKD, 11 million HKD, and 11.8 million HKD respectively.