Sinochem International announced that the company plans to purchase 100% of its shares from Blue Star Group by issuing shares. After the transaction is completed, Nantong Star will become a wholly-owned subsidiary of the company. The company has worked with relevant intermediaries to respond to questions related to the transaction review inquiry letter issued by the Shanghai Stock Exchange. Each intermediary agency has checked and expressed clear opinions on related matters. The transaction still needs to be reviewed and approved by the Shanghai Stock Exchange and registered by the Securities Regulatory Commission before it can be implemented. There is uncertainty about whether it can pass the registration review and time.

Sinochem International announced that the company plans to purchase 100% of its shares from Blue Star Group by issuing shares. After the transaction is completed, Nantong Star will become a wholly-owned subsidiary of the company. The company has worked with relevant intermediaries to respond to questions related to the transaction review inquiry letter issued by the Shanghai Stock Exchange. Each intermediary agency has checked and expressed clear opinions on related matters. The transaction still needs to be reviewed and approved by the Shanghai Stock Exchange and registered by the Securities Regulatory Commission before it can be implemented. There is uncertainty about whether it can pass the registration review and time.