Lu Xin Venture: Wholly-owned subsidiary plans to transfer 12.94 million shares of Tianyi Chemical.

Lu Xin Venture Capital announced that its wholly-owned subsidiary, Shandong Gaoxin Investment, intends to transfer its 12.94 million shares of Shandong Tianyi Chemical Co., Ltd. to Weifang Yaxing Chemical Co., Ltd. This transaction still requires approval from the company's shareholders' meeting and Yaxing Chemical's shareholders' meeting, registration of the evaluation report results by the relevant state-owned assets supervision and administration authority, approval from the Shanghai Stock Exchange, and other necessary reviews by the China Securities Regulatory Commission. This transaction will help improve the company's asset liquidity.