WUHAN YOUJI (02881) established a new non-wholly owned subsidiary and entered into multiple transactions.

WUHAN YOUJI (02881) announced that its wholly-owned Chinese subsidiary, WUHAN YOUJI, has entered into multiple transactions to establish a new non-wholly-owned subsidiary aimed at commercializing photochemical oxidation technology and building and operating a project producing 15,000 tons of aromatic aldehyde/esters annually in Wuhan. The main business of the target company will focus on the research and development, industrialization, and commercial production of photochemical oxidation technology and alternative aromatic aldehyde/ester products; new material technology development and production; as well as import and export. The target company will leverage proprietary and breakthrough photochemical oxidation technology provided by WUHAN YOUJI and Wuhan Guangyao, financial support from WUHAN YOUJI and its senior management team members, and core technology team, as well as expected follow-up investment from state-owned enterprises in Qingshan District. With WUHAN YOUJI's existing capabilities in industrialization, construction, and operation, along with its sales network, and access to relevant infrastructure and industry resources, the target company will be in a favorable position to accelerate the incubation and commercialization of this innovative technology. As the first commercialization case of its kind globally, this project is expected to create significant economic and social benefits and support the long-term sustainable growth of the group.