Huafeng Chemical announced that the company plans to issue shares and pay cash to purchase 100% of Zhejiang Huafeng Synthetic Resin Co., Ltd.'s shares and 100% shares of Zhejiang Huafeng Thermoplastic Polyurethane Co., Ltd., with transaction prices of 4.15 billion yuan and 2.7 billion yuan respectively, for a total of 6.85 billion yuan. Of this, the cash consideration is 1,021 billion yuan and share consideration is 5.829 billion yuan. It is proposed to issue 690 million shares at an issue price of 845 yuan/share. This transaction constitutes a related transaction. It does not constitute a major asset restructuring or restructuring listing. It still requires approval from the shareholders' meeting, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

Huafeng Chemical announced that the company plans to issue shares and pay cash to purchase 100% of Zhejiang Huafeng Synthetic Resin Co., Ltd.'s shares and 100% shares of Zhejiang Huafeng Thermoplastic Polyurethane Co., Ltd., with transaction prices of 4.15 billion yuan and 2.7 billion yuan respectively, for a total of 6.85 billion yuan. Of this, the cash consideration is 1,021 billion yuan and share consideration is 5.829 billion yuan. It is proposed to issue 690 million shares at an issue price of 845 yuan/share. This transaction constitutes a related transaction. It does not constitute a major asset restructuring or restructuring listing. It still requires approval from the shareholders' meeting, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.