Core Viewpoint - The company plans to temporarily use up to 600 million RMB of idle raised funds to supplement working capital, aiming to improve the efficiency of fund usage and reduce financial costs while ensuring that the investment projects and normal operations are not affected [1] Group 1 - The company intends to use idle raised funds for working capital, not exceeding 600 million RMB [1] - The usage period for the funds will not exceed 12 months from the date of board approval [1] - The company commits to returning the funds to the dedicated account upon maturity [1]

Core Viewpoint - The photovoltaic (PV) industry is experiencing a significant turnaround after a prolonged downturn, with the PV index rising over 30% from July 1 to November 14 this year, indicating renewed investor interest and potential recovery in the sector [1][2]. Group 1: Industry Performance - The PV sector was previously a high-performing area for many fund managers, particularly between 2020 and 2022, driven by favorable conditions such as tight silicon supply, high installation growth, and strong policy support [1]. - In 2023, a price war emerged, leading to a decline in the performance of leading companies and a significant drop in the stock prices of many star PV stocks [2]. - As of the third quarter of 2025, major companies like Sungrow Power and JA Solar have consistently remained in the top holdings of various funds, indicating a continued belief in the sector despite recent challenges [2]. Group 2: Fund Manager Strategies - Some fund managers, like Zheng Chengran from GF Fund, have maintained their positions in the PV sector, believing that the industry is on the verge of a new upward cycle, with expectations for recovery starting in early 2024 [2][3]. - Other managers, such as Lu Bin from HSBC Jintrust, have also shown confidence in the sector, reporting over 40% cumulative returns in their funds due to strategic investments in leading PV stocks [3]. - Conversely, some fund managers have exited the PV sector after significant losses, missing the recent rebound that began in July [4][5]. Group 3: Market Dynamics - The industry is witnessing a fundamental improvement in supply-demand dynamics, with a report indicating that the PV industry is moving towards price recovery and reduced losses for companies [6][7]. - The price of polysilicon has rebounded from a low of 35,000 yuan/ton to over 50,000 yuan/ton, reflecting the impact of policy interventions and industry self-discipline [7]. - The overall market sentiment is shifting positively, with public funds increasing their allocation to the PV sector as valuations remain attractive [7].

Market Overview - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index dropping by 2.38%, the Hang Seng China Enterprises Index falling by 2.45%, and the Hang Seng Tech Index decreasing by 3.21% [1][2]. Sector Performance - The pharmaceutical sector faced the largest declines, with notable drops in internet healthcare, AI healthcare, biopharmaceuticals, pharmaceutical outsourcing, and innovative drug concepts. Key stocks included: - 3SBio (01530.HK) down 9.44% - WuXi Biologics (01873.HK) down 6.09% - Kingsoft Cloud (01548.HK) down 6.05% - Innovent Biologics (02696.HK) down 5.62% - CanSino Biologics (09926.HK) down 5.39% - JD Health (06618.HK) down 8.6% - Ping An Good Doctor (01833.HK) down 4.28% - Alibaba Health (00241.HK) down 4.46% - Crystal International (02228.HK) down 4.82% - MicroPort Scientific (02252.HK) down 3.55% [3]. Impact of Economic Data - The recent U.S. non-farm payroll data exceeded expectations, leading to a decrease in the likelihood of a Federal Reserve rate cut in December. This has implications for the valuation and financing of innovative drugs, as the cooling expectations for rate cuts may impact investment sentiment [3]. Commodity and Energy Sector - The weakening expectations for a December rate cut have also affected the U.S. dollar index, which surpassed the 100-point mark, putting pressure on the commodities sector. Key declines included: - Ganfeng Lithium (01772.HK) down 12.47% - Tianqi Lithium (09696.HK) down 11.93% - Jinchuan Group (06680.HK) down 6.63% - Lingbao Gold (03330.HK) down 5.47% - China Aluminum (02600.HK) down 4.85% - Chalco International (02068.HK) down 4.74% [4]. Renewable Energy Sector - The power equipment, photovoltaic, and wind power sectors also performed poorly, with significant declines in: - Northeast Electric (00042.HK) down 7.02% - Xinyi Solar (00968.HK) down 7.51% - GCL-Poly Energy (03800.HK) down 5.83% - Yihua Energy (02402.HK) down 6.27% - Flat Glass Group (06865.HK) down 6.02% [4]. Semiconductor Sector - The semiconductor sector saw notable declines, with: - SMIC (00981.HK) down 6.39% - Hua Hong Semiconductor (01347.HK) down 6.09% - Shanghai Fudan (01385.HK) down 3.78% - Beike Micro (02149.HK) down 5.2% [5]. Technology Sector - Other technology-related sectors, including cloud computing and AI, also faced downward pressure, with significant drops in: - Tencent Music (01698.HK) down 5.98% - Baidu (09888.HK) down 5.79% - Alibaba Group (09988.HK) down 4.65% - NetEase (09999.HK) down 3.76% [5].

Group 1 - The core point of the article is that Fuyao Glass (6865.HK) experienced a decline of 5.49%, trading at HKD 10.84, with a market capitalization of HKD 25.4 billion [1] - JPMorgan Chase & Co. reduced its holdings in Fuyao Glass by selling 1.127 million shares at an average price of HKD 12.6837 per share, amounting to approximately HKD 14.2945 million [1] - Following the reduction, JPMorgan's total holdings in Fuyao Glass decreased to 61,318,657 shares, with the ownership percentage dropping from 14.13% to 13.88% [1]

Core Viewpoint - The photovoltaic sector is experiencing a decline in stock prices, with significant drops observed in major companies such as Xinyi Solar and New Energy, indicating a bearish market sentiment [1] Group 1: Stock Performance - Xinyi Solar (00968) fell by 6.07%, trading at HKD 3.25 [1] - New Energy (01799) decreased by 5.78%, trading at HKD 7.34 [1] - Flat Glass (601865) dropped by 4.8%, trading at HKD 10.92 [1] - Xinyi Glass (00868) declined by 2.09%, trading at HKD 8.92 [1] Group 2: Market Analysis - Guotou Futures reported that polysilicon futures are following industrial silicon prices downwards, with spot N-type re-investment material prices fluctuating between CNY 49,700 to CNY 54,900 per ton [1] - Overall demand for photovoltaics is weak, with terminal purchasing showing marginal declines and no inventory accumulation observed overseas [1] - There are expectations for a reduction in production in the module segment in December, while the battery cell segment faces significant inventory pressure [1] Group 3: Future Outlook - CICC's report suggests that after the rush for installations ends in the first half of 2025, photovoltaic demand is expected to weaken, although the performance of silicon materials and wafers may see significant recovery due to anti-involution efforts [1] - However, the pricing in the module segment is not showing clear upward trends [1] - According to招商期货, the "Document No. 136" mechanism for electricity pricing is being implemented across provinces, which is expected to put pressure on photovoltaic installation growth in the domestic market in the fourth quarter [1]

Core Viewpoint - The photovoltaic sector continues to experience a decline, with significant drops in stock prices for major companies, indicating weak overall demand and pricing pressures in the industry [1]. Group 1: Stock Performance - Xinyi Solar (00968) fell by 6.07%, trading at HKD 3.25 - Xinte Energy (01799) decreased by 5.78%, trading at HKD 7.34 - Flat Glass Group (06865) dropped by 4.8%, trading at HKD 10.92 - Xinyi Glass (00868) declined by 2.09%, trading at HKD 8.92 [1]. Group 2: Market Analysis - Guotou Futures reported that polysilicon futures are following industrial silicon prices downwards, with spot N-type raw material prices fluctuating between CNY 49,700 to CNY 54,900 per ton [1]. - The overall demand for photovoltaics is weak, with terminal purchasing showing marginal declines and no significant inventory accumulation overseas [1]. - There are expectations for a reduction in production in the module segment in December, while the battery cell segment faces significant inventory pressure [1]. Group 3: Future Outlook - According to CICC, after the end of the rush for installations in the first half of 2025, photovoltaic demand is expected to weaken, although the performance of silicon materials and wafers may see significant recovery due to anti-involution efforts [1]. - However, the pricing in the module segment is not showing clear upward trends [1]. - According to招商期货, the "Document No. 136" mechanism for electricity pricing is being implemented across various provinces, which is expected to put pressure on the growth of photovoltaic installations in the domestic market in the fourth quarter [1].

福萊特玻璃集團股份有限公司 Flat Glass Group Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：6865） 於二零二五年十二月九日舉行的 二零二五年第一次臨時股東大會代表委任表格 日期︰二零二五年 月 日 簽署： （附註6） 附註： 1. 請 用 正 楷 填 上 閣 下 登 記 在 本 公 司 股 東 名 冊 上 的 全 名（以 中 文 及 英 文）。 2. 請 用 正 楷 填 上 閣下登記在本公司股東名冊上的註冊地址。 3. 請填上以 閣下名稱登記的本公司股份數目，如未有填上數目，則委任表格將被視為與以 閣下名稱登記的所有本公司股份。 4. 如 欲 委 派 本 公 司 大 會 主 席 以 外 的 人 士 為 代 表，請 將「大 會 主 席，或」的 字 樣 刪 去，並 在 空 格 內 填 上 閣下所擬委派的代表姓名。股東可委任一位 或多位代表出席及代其投票，受委託代表無須為本公司股東。本代表委任表格的任何更改，須由簽署人簡簽示可。 本人╱吾等 （附註1） 地址為 （附註2） 為 福 萊 特 玻 璃 集 團 股 份 有 限 公 司（「 本公司 」）股 本 中 每 股 面 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何部分內容而產生或因依賴該 等內容而引致的任何損失承擔任何責任。 （股份代號：6865） 二零二五年第一次臨時股東大會通告 茲發出通告，內容有關將按原定計劃於二零二五年十二月九日（星期二）下午二時三十分假座中華人 民共和國浙江省嘉興市秀洲區運河路1999號福萊特玻璃集團股份有限公司一樓大會議室舉行福萊 特玻璃集團股份有限公司（「本公司」）之二零二五年第一次臨時股東大會（「二零二五年第一次臨時股 東大會」），藉以考慮並酌情通過下列特別決議案或普通決議案。除另有界定者外，本通告所用詞 彙與本公司日期為二零二五年十一月二十日的通函（「通函」）所界定者具有相同涵義： 特別決議案1. 考慮及批准建議變更公司註冊資本，取消監事會並修訂公司章程 1 福萊特玻璃集團股份有限公司 Flat Glass Group Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） 承董事會命 福萊特玻璃集團股份有限公司 董事長 決議案2. 建議修訂部分公司治理制度： 特別決議案2.01. ...

此乃要件 請即處理 如 閣下對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券商、 銀行經理、律師、專業會計師或其他專業顧問。 如 閣下已出售或轉讓 名下所有本公司股份，應立即將本通函連同所附代表委任表格交給買主或承 讓人，或送交經手買賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6865） (1) 建議修訂公司章程 (2) 建議修訂部分公司治理制度 及 (3) 二零二五年第一次臨時股東大會通告 本 公 司 將 於 二 零 二 五 年 十 二 月 九 日（星 期 二）下 午 二 時 三 十 分 假 座 中 華 人 民 共 和 國 浙 江 省 嘉 興 市 秀 洲 區運河路1999號福萊特玻璃集團股份有限公司一樓大會議室舉行二零二五年第一次臨時股東大會， 召開二零二五年第一次臨時股東大會的通告載於通函第196 ...

福萊特玻璃集團股份有限公司 Flat Glass Group Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：6865） 於二零二五年十二月九日舉行的 二零二五年第一次臨時股東大會代表委任表格 本人╱吾等 （附註1） 附註： 1. 請 用 正 楷 填 上 閣 下 登 記 在 本 公 司 股 東 名 冊 上 的 全 名（以 中 文 及 英 文）。 2. 請 用 正 楷 填 上 閣下登記在本公司股東名冊上的註冊地址。 3. 請填上以 閣下名稱登記的本公司股份數目，如未有填上數目，則委任表格將被視為與以 閣下名稱登記的所有本公司股份。 4. 如 欲 委 派 本 公 司 大 會 主 席 以 外 的 人 士 為 代 表，請 將「大 會 主 席，或」的 字 樣 刪 去，並 在 空 格 內 填 上 閣下所擬委派的代表姓名。股東可委任一位 或多位代表出席及代其投票，受委託代表無須為本公司股東。本代表委任表格的任何更改，須由簽署人簡簽示可。 7. 此代表委任表格（如果由委託人授權他人根據授權書或其他授權文件簽署上述表格，則經公證人簽署證明的有關授權書或其他授權文件的文本）， 就本公司H股持有人而言， ...