Danhua Technology: Warning letter issued for failure to timely disclose related transactions.

Danhua Technology announced on July 23 that the company recently received an administrative supervision decision from the Inner Mongolia Securities Regulatory Bureau. After investigation, it was found that the company originally held 39.4737% equity of Jining Jindan Chemical Co., Ltd through its holding subsidiary. In November 2022, the controlling shareholder of the company repurchased 21.05% equity of Jining Jindan from Guokai Fund for 32 million yuan, which led to Danhua Acetic Anhydride giving up its preemptive purchase right, constituting a related party transaction that was not disclosed in a timely manner. The company and relevant personnel were issued a warning letter and recorded in the honesty file of the securities and futures market. The company will strengthen the study of relevant laws and regulations and improve the level of standardized operation.