Hengli Petrochemical: Wholly-owned subsidiary Hengli Refining & Chemical merges with Hengli Chemical.

Hengli Petrochemical announcement, Hengli Petrochemical Refining Co., Ltd., a wholly-owned subsidiary, will absorb and merge Hengli Petrochemical Chemical Co., Ltd. The merger base date is July 31, 2025. Hengli Refining will continue operations, while Hengli Chemical will be deregistered according to the law. After the merger is completed, Hengli Refining will inherit all assets, rights, and obligations of Hengli Chemical. Both Hengli Refining and Hengli Chemical are wholly-owned subsidiaries of the company, and their financial statements are included in the company's consolidated financial statements. This merger does not constitute a related party transaction or a major asset restructuring, and will not have a significant impact on the company's normal operations, financial condition, and operating results.