Jiangnan Chemical Industry: To invest in setting up a holding subsidiary and acquire control of Dongshen Chutian.

Jiangnan Chemical Industry announced that the company and its wholly-owned subsidiary, Northern Explosives Technology Co., Ltd., jointly signed a restructuring agreement with Hubei Chutian Chemical Co., Ltd., intending to jointly establish a limited liability company for restructuring cooperation by contributing the equity of their respective subsidiaries. After the completion of the transaction, Dongshen Chutian, Hubei Shuaili, and Henan Huatong will become the controlling subsidiaries of the newly established company. Jiangnan Chemical Industry is the actual controller of the newly established company. Chutian Chemical Industry has committed that the cumulative net profit realized by Dongshen Chutian in the years 2025, 2026, and 2027 shall not be less than 95.9172 million yuan.