Independent director Song Li's spouse engaged in short-term trading at Shan Dong Lubei Chemical (600727.SH) and apologizes.

Shandong Lubei Chemical (600727.SH) announced that the company has received a statement and apology letter from the independent director Song Li regarding the buying and selling of Shandong Lubei Chemical's shares by relatives. It was found that Song Li's spouse, Shi Shuguang, bought and sold the company's shares through centralized bidding from March 31, 2022, to November 18, 2024. According to the relevant laws and regulations such as the Securities Law of the People's Republic of China and the Shanghai Stock Exchange Listing Rules, the aforementioned transactions constitute short-term trading. According to Article 44 of the Securities Law, Shi Shuguang's selling of the company's shares within six months after buying them constitutes short-term trading. Shi Shuguang made a profit of 3,682.69 yuan (excluding transaction taxes and fees) through the aforementioned short-term trading. As of the disclosure date of this announcement, Shi Shuguang held 500 shares of the company. The proceeds from the aforementioned short-term trading have been fully turned over to the company. Song Li was not aware of this transaction in advance, and Shi Shuguang did not consult Song Li's opinion or discuss the buying and selling of shares. There was no intentional violation of rules, no trading of company shares based on insider information, and no use of insider information for seeking profits. Song Li and her spouse Shi Shuguang have realized the negative impact of this short-term trading and have instructed the company to apologize to the investors.