Guochuang Gaoxin: Intends to acquire 100% equity of Ningbo Guopei for 225 million yuan.

Guochuang Gaoxin announced that the company plans to acquire 100% equity of Ningbo Guopei Petrochemical Co., Ltd. in cash, with a transaction price of 225 million yuan. After the completion of this transaction, Ningbo Guopei will become a wholly-owned subsidiary of the company. This transaction constitutes a related party transaction but does not constitute a major asset restructuring. This transaction has been approved by the 17th meeting of the seventh board of directors of the company. The related directors refrained from voting on the proposal, while other non-related directors unanimously agreed to the matter. Before submitting the proposal to the board of directors for review, the proposal has been reviewed and approved by a special meeting of independent directors of the company. This transaction still requires approval from the shareholders' meeting, and related shareholders with interests in the related party transaction will abstain from voting. In order to protect the interests of the company and its shareholders, especially small and medium-sized investors, performance commitments and compensation arrangements have been set up for this transaction.