Hengli Petrochemical announced that on August 15, 2025, the company held a board meeting to review and pass a bill to absorb and merge Hengli Chemical, a wholly-owned subsidiary. Recently, the registration procedures for market entities involved in the merger have been completed by the market supervisory authority, and the merger has been completed. After the merger, Hengli Refining and Chemical continued to operate, Hengli Chemical was cancelled, and its assets, claims, liabilities, etc. were taken over by Hengli Refining and Chemical. All parties involved in this absorption are within the scope of the consolidated statement, and there is no significant impact on the company's normal operation, finance, and operating results, nor does it harm shareholders' interests.

Hengli Petrochemical announced that on August 15, 2025, the company held a board meeting to review and pass a bill to absorb and merge Hengli Chemical, a wholly-owned subsidiary. Recently, the registration procedures for market entities involved in the merger have been completed by the market supervisory authority, and the merger has been completed. After the merger, Hengli Refining and Chemical continued to operate, Hengli Chemical was cancelled, and its assets, claims, liabilities, etc. were taken over by Hengli Refining and Chemical. All parties involved in this absorption are within the scope of the consolidated statement, and there is no significant impact on the company's normal operation, finance, and operating results, nor does it harm shareholders' interests.