Jilin Carbon Valley: Changes in equity structure of the chemical fiber group

Jilin Carbon Valley Announcement: Recently, Jilin Urban Construction Holdings Group Co., Ltd. and Jilin Province Equity Fund Investment Co., Ltd. signed the "Agreement on the Transfer of 16.13% Equity of Jilin Chemical Fiber Group Co., Ltd." Jilin Urban Construction transferred its 16.13% equity in the Chemical Fiber Group to the provincial equity fund. The aforementioned equity transfer has been approved by the State-owned Assets Supervision and Administration Commission. After the completion of this equity transfer of the Chemical Fiber Group, the provincial equity fund's shareholding in the Chemical Fiber Group will increase to 29.03%, while Jilin Urban Construction's shareholding will decrease to 15.48%. The Jilin Municipal People's Government State-owned Assets Supervision and Administration Committee directly and indirectly holds 50.96% of the equity in the Chemical Fiber Group, and the actual controlling shareholder of the company remains the Jilin Municipal State-owned Assets Supervision and Administration Commission.