CHINA GLASS has reached a term sheet for loan financing under the proposed restructuring financing agreement
CHINA GLASS announced that it has reached a term sheet with lenders regarding the loan financing for the proposed restructuring financing agreement. The agreement will extend the final maturity date of the original financing agreement, but it will take effect only upon the signing of the final agreement. The company will continue to negotiate with lenders in an effort to reach a final agreement as soon as possible
According to the announcement from China Glass (03300), as of October 17, 2025, the Group has reached a term sheet with the lenders regarding the proposed restructuring financing agreement (proposed restructuring).
According to the term sheet, the parties intend to restructure the loan financing under the original financing agreement and extend the final maturity date, but this will only take effect upon the Company signing the final agreement with the lenders.
The Company will continue to negotiate with the lenders with the aim of signing the final agreement for the proposed restructuring as soon as possible
