Qianjiang Biochemical: Intends to absorb and merge its wholly-owned subsidiary Jiahui Property.

Qianjiang Biochemical Announcement: The company plans to absorb and merge its wholly-owned subsidiary Haining Jiahui Property Management Co., Ltd. After the merger is completed, Jiahui Property will be cancelled, and all assets, liabilities, business, and personnel will be taken over by the company. This merger does not constitute a related party transaction, nor does it constitute a major asset restructuring as stipulated in the "Management Measures for Major Asset Restructuring of Listed Companies," and therefore does not need to be submitted to the company's shareholders' meeting for approval. After the merger is completed, the company will continue to operate, and all business, assets, liabilities, equity, personnel, etc. of Jiahui Property will be taken over by the company in accordance with the law. This merger aims to improve operational efficiency and reduce management costs, aligning with the company's development strategy, and will not have a substantial impact on the company's normal operations and financial condition.