Sanyou Chemical announced that Sanyou Salt Chemical, the holding subsidiary of the company, plans to purchase 18.786 million shares of Sanyou New Materials, or 31% of the shares, from Daqinghe Salt Chemical with its own capital of 52.881 million yuan. After the transaction is completed, Sanyou Salt Chemical's shareholding ratio will be raised from 20% to 51%, and Sanyou New Materials will be included in the scope of the company's consolidated statements. Since Daqinghe Yanhua is a wholly-owned subsidiary of the company's controlling shareholder, this transaction constitutes a related transaction, but it does not constitute a major asset restructuring. The deal has been approved by the relevant meetings of the company, and there is no need to submit it to the shareholders' meeting for consideration.

Sanyou Chemical announced that Sanyou Salt Chemical, the holding subsidiary of the company, plans to purchase 18.786 million shares of Sanyou New Materials, or 31% of the shares, from Daqinghe Salt Chemical with its own capital of 52.881 million yuan. After the transaction is completed, Sanyou Salt Chemical's shareholding ratio will be raised from 20% to 51%, and Sanyou New Materials will be included in the scope of the company's consolidated statements. Since Daqinghe Yanhua is a wholly-owned subsidiary of the company's controlling shareholder, this transaction constitutes a related transaction, but it does not constitute a major asset restructuring. The deal has been approved by the relevant meetings of the company, and there is no need to submit it to the shareholders' meeting for consideration.