09:33     XINYI GLASS HOLDINGS LIMITED<00868> - Announcement (1)              

    This announcement is for information purpose only and does not            
    constitute an invitation or an offer to acquire, purchase or              
    subscribe for securities.                                                 
                                                                              
    Unless the context requires otherwise, terms used herein shall have       
    the same meanings as those defined in the prospectus (the                 
    `Prospectus') of the Company dated 24 January 2005.                       
                                                                              
    This announcement is not an offer of securities for sale in the           
    United States.                                                            
                                                                              
    The Stock Exchange and HKSCC take no responsibility for the contents      
    of this announcement, make no representation as to its accuracy or        
    completeness and expressly disclaim any liability whatsoever for any      
    loss howsoever arising from or in reliance upon the whole or any part     
    of the contents of this announcement.                                     
                                                                              
    In connection with the Share Offer, the Global Coordinator may            
    over-allocate or effect any other transactions with a view to             
    stabilising or maintaining the market price of the Shares at a level      
    higher than that which might otherwise prevail in the open market for     
    a limited period of time from the Listing Date up to the 30th day         
    after the last day for the lodging of applications under the Hong         
    Kong Public Offer. Any market purchase of Shares will be effected in      
    compliance with all applicable laws and regulatory requirements,          
    including the Securities and Futures (Price Stabilising) Rules made       
    under SFO. However, there is no obligation on the Global Coordinator      
    to conduct any such stabilising activity, which if commenced, will be     
    done at the absolute discretion of the Global Coordinator and may be      
    discontinued at any time. Any such stabilising activity is required       
    to be brought to an end after the limited period.                         
                                                                              
    XINYI GLASS HOLDINGS LIMITED                                              
    (Incorporated in the Cayman Islands with limited liability)               
                                                                              
    LISTING ON THE MAIN BOARD OF                                              
    THE STOCK EXCHANGE OF HONG KONG LIMITED                                   
    BY WAY OF                                                                 
    INTERNATIONAL PLACING AND HONG KONG PUBLIC OFFER                          
                                                                              
    Number of Offer      :                    375,000,000 Shares,             
    Shares                                    subject to the                  
                                              Over-allotment                  
                                              Option                          
    Number of            :                    225,000,000 Shares              
    International                             (as adjusted after              
    Placing                                   reallocation and                
    Shares                                    subject to the                  
                                              Over-allotment                  
                                              Option)                         
    Number of Hong Kong  :                    150,000,000 Shares              
    Public Offer                              (as adjusted after              
    Shares                                    reallocation)                   
    Offer Price          :                    HK$2.00 for each                
                                              Offer Share payable             
                                              in full upon                    
                                              application and                 
                                              subject to refund               
    Nominal value        :                    HK$0.10 for each                
                                              Share                           
    Stock code           :                    868                             
                                                                              
                                                                              
                                                                              
    Sponsor, Global Coordinator and Bookrunner                                
                                                                              
    KINGSWAY                                                                  
                                                                              
    Joint Lead Managers                                                       
                                                                              
    KINGSWAY        DBS                                                       
                                                                              
                                                                              
                                                                              
                                                                              
    SUMMARY                                                                   
                                                                              
     The Offer Price has been fixed at HK$2.00 for each                       
    Offer Share (plus brokerage of 1%, SFC transaction levy of 0.005%,        
    investor compensation levy of 0.002% and Stock Exchange trading fee       
    of 0.005% on the Offer Price).                                            
                                                                              
                                                                              
    A total of 4,145 valid applications have been received pursuant to        
    the Hong Kong Public Offer on WHITE, YELLOW and PINK Application          
    Forms and through Electronic Application Instructions for a total of      
    2,121,176,000 Shares, equivalent to approximately 56.6 times of the       
    total number of Hong Kong Public Offer Shares initially available for     
    subscription.                                                             
                                                                              
                                                                              
    As a result of the over-subscription in the Hong Kong Public Offer,       
    the clawback mechanism stated in the section headed `Structure and