Tiande Chemical (00609) plans to acquire 49% of the shares of the non-wholly-owned subsidiary Weifang Zhongying Chemical for 88 million yuan

According to Zhitong Finance App, Tiande Chemical (00609) issued an announcement. On December 29, 2025, the buyer Weifang Binhai Petrochemical Co., Ltd. (an indirect wholly-owned subsidiary of the company), the seller Zhejiang Zhongshan Chemical Group Co., Ltd. and the target company Weifang Zhongying Chemical Co., Ltd. signed an equity transfer agreement. The seller agreed to sell the equity interest for sale (that is, 49% of the target company's equity interest) at a cost of RMB 88 million. Upon completion, the target company will become an indirect wholly-owned subsidiary of the company. The target company is mainly engaged in R&D, manufacturing and sales of chemical products.

As the Chinese manufacturing industry faces significant operational challenges, the Group is committed to actively expanding its business activities and making greater efforts to improve operational flexibility. One of the Group's top priorities is to improve operational efficiency. The company believes that the acquisition of the target company's remaining 49% equity interest is a strategic opportunity to further strengthen the company's position in the fine chemical industry. After integration, the company will obtain full ownership of the target company to streamline decision-making processes, improve operational efficiency, and align the target company's operations with the group's long-term growth strategy.

By fully integrating target companies, the Group can utilize its strong strength, competitive business advantages, deep industry expertise and established customer relationships to seek additional growth opportunities. This supports the Group's commitment to create sustainable value for shareholders through disciplined expansion and operational excellence.