Ruitai New Materials: Plans to acquire 8.8556% equity stake in Huarong Chemical for 215 million yuan.

Ruiztai new materials announcement, the holding subsidiary Huarong Chemical intends to acquire all the shares held by natural persons in cash, and to cancel the relevant shares in accordance with the law after the acquisition is completed. The total shares held by 27 natural person shareholders amount to 16.4625 million shares, accounting for 8.8556% of the total number of shares of Huarong Chemical. According to the asset appraisal report issued by Jiangsu Zhongqi Huazhongtian Asset Appraisal Co., Ltd., the appraisal value of the 8.8556% shares held by natural person shareholders of Huarong Chemical as of the appraisal date is 215 million yuan. The total acquisition amount is 215 million yuan, and after the cancellation of the shares, the registered capital of Huarong Chemical will be reduced from 186 million yuan to 169 million yuan. The company's stake in Huarong Chemical will increase from 91.1444% to 100%, making Huarong Chemical a wholly-owned subsidiary of the company.