Haohua Chemical Science & Technology Corp., Ltd. (SHSE:600378) agreed to acquire Sinochem Lantian Co., Ltd. from Sinochem Group Co., Ltd. and Sinochem Asset Management Co., Ltd. on February 14, 2023. Haohua Chemical Science will acquire the target by way of share issuance and the issue price for this asset acquisition is CNY 37.71 per share. Haohua Chemical will carry out a private placement to raise supporting funds to finance the transaction. The transaction has been approved by the Board of Directors of Haohua Chemical. The transaction still needs to be approved by the shareholders of Haohua Chemical, competent state-owned assets supervision and management institution, national competent authority, by the China Securities Regulatory Commission and other approvals or approvals that may be involved. As of June 15, 2023, the transaction has obtained reply from National Competent Authority and still needs to go through the corresponding decision-making and approval procedures before it can be implemented. As of September 15, 2023 Haohua Chemical Science & Technology's shareholders have approved the transaction. As of January 31, 2024, The review of special matters involved in this transaction has been approved by the national competent authority, and also has been approved by the state-owned assets supervision and administration authority.

CITIC Securities Company Limited (SHSE:600030) acted as financial advisor, Commerce & Finance Law Offices acted as legal advisor and Baker Tilly China Certified Public Accountants acted as accountant to Haohua Chemical Science & Technology.