China Glass (03300): Unable to fulfill repayment obligations on the extended repayment date Failure to agree with the lender on terms and conditions to further extend the repayment date

Zhitong Finance App News, China Glass (03300) issued an announcement that the Group was unable to fulfill its repayment responsibilities on the extended repayment date, and the Company was unable to reach an agreement with the lender on terms and conditions for further extending the repayment date. The unpaid amount already constituted a breach of contract under the financing agreement (revised and restated in the 2025 contract, that is, the “revised and restated financing agreement”).

As of the date of this announcement, the total principal amount and accrued unpaid interest under the revised and restated financing agreement was approximately USD 135.288 million. The Company is actively seeking restructuring financing arrangements and other possible solutions, and evaluating the impact of related matters on the Group's financial position and operations.