Sinochem International: The board of directors approved the lithium battery restructuring plan and organizational structure adjustment proposal.

Sinochem International announced that the 19th meeting of the 10th Board of Directors held on March 18 approved the draft of the reorganization plan for the bankruptcy of Ningxia Lithium Battery with a vote of 6 in favor and 0 against. It also approved the proposal for the adjustment of the organizational structure of the company, agreeing to establish a Technology Innovation Department at the company's headquarters level while maintaining other organizational structures unchanged, with a vote of 6 in favor and 0 against.