Cangzhou Dahua: Intends to establish a joint venture company with related parties to jointly invest 5 million yuan.

Cangzhou Dahua announced that the company plans to jointly invest with Luxi Chemical and China National Chemical Plastics to establish China National Polycarbonate Sales Co., Ltd., with a registered capital of 5 million yuan. Luxi Chemical will contribute 2.55 million yuan, accounting for 51%; Cangzhou Dahua will contribute 1.5 million yuan, accounting for 30%; China National Chemical Plastics will contribute 950,000 yuan, accounting for 19%, all three parties will contribute with their own funds. The transaction has been approved by the board of directors. From the beginning of 2025 to the date of the announcement, Cangzhou Dahua and related parties have accumulated total related party transactions amounting to 677 million yuan. The joint venture company may face various risks in its operations.