Xinyi Glass Becomes Constituent of Hang Seng Index
(Hong Kong, 23 August 2021) - Xinyi Glass Holdings Limited ("Xinyi Glass" or "Group") (Stock Code: 00868), a leading integrated automobile glass, energy-saving architectural glass and high-quality float glass manufacturer, announced that it has been included as a constituent of the Hang Seng Index (HSI), effective 6 September 2021 (Monday).
Dr. LEE Yin Yee, B.B.S., Chairman of Xinyi Glass, said, “Our inclusion as a constituent of HSI represents widespread recognition from the capital market for our business foundation, financial performance and long-term value. Being recognised as one of the blue chip stocks is also testimony to our business scale and quality, professionalism of our staff and our market leading position. We would like to express our gratitude for the trust and unwavering support from our customers and shareholders and also the dedication of our staff. Looking ahead, we will continue to seize every opportunity and maintain a high dividend payout policy so as to create long-term value for our shareholders.”
Mr. Tung Ching Sai, J.P., Chief Executive Officer of Xinyi Glass, said, “The inclusion in HSI as a constituent stock represents yet another milestone in our expansion into the global capital markets. Since our founding in 1988, we have set up a total of 10 industrial complexes in a number of key economic zones in China and Malaysia, and established leadership in high-end manufacturing technologies in the industry. Looking ahead, Xinyi Glass, as a world-leading company, will continue to launch more environmentally friendly products to support the country in realising its ‘carbon neutral’ goal, and in building a low-carbon, energy-efficient green society. We will also expand our share of the global market, enlarge our business presence and drive the Group’s sustainable long-term development.”
Hang Seng Indexes Company Limited announced its quarterly review results as at 30 June 2021 after the market closed on 20 August 2021. The number of companies to be included in the enhanced HSI constituents has increased to 60. The HSI constituents are selected from seven Industry Groups so as to expand its industrial representation, as well as achieve the goal of providing a more balanced representation of the Hong Kong stock market.
The Hang Seng Index is the most widely quoted Hong Kong stock market indicator by global capital markets. The enhanced HSI will strengthen coverage of the major Industry Groups and maintain its status as the key benchmark for the overall performance of the Hong Kong stock market. Hang Seng Indexes Company Limited has rigorous criteria for selecting constituent stocks, taking into consideration different aspects of a candidate company, including its market value and turnover, the index weighting by Industry Group it belongs to, its financial performance, etc.