Jushi Chemical announced that the company signed an “Equity Transfer Agreement” with Suzhou Wenjun to transfer 70% of the shares held by Aggregate Chemical for 126 million yuan. After the transaction is completed, it will still hold 30% of the shares. Aggregate Chemical will no longer be included in the scope of the consolidated statement. The transaction has been reviewed and approved by the 15th meeting of the 7th board of directors. There is no need to submit it to the shareholders' meeting for consideration, it does not constitute a related transaction or major asset restructuring, and it is still necessary to complete formalities such as industrial and commercial changes. As of the date the agreement was signed, the principal amount of the loan amount of 110 million yuan had not been repaid to the company. Suzhou Wenjun and Jubochem promised to repay it within 12 months after the agreement came into effect; the guarantee balance provided by the company to Aggregate Chemical was 14.8045 million yuan, which they promised to cancel within 6 months after the agreement came into effect.

Jushi Chemical announced that the company signed an “Equity Transfer Agreement” with Suzhou Wenjun to transfer 70% of the shares held by Aggregate Chemical for 126 million yuan. After the transaction is completed, it will still hold 30% of the shares. Aggregate Chemical will no longer be included in the scope of the consolidated statement. The transaction has been reviewed and approved by the 15th meeting of the 7th board of directors. There is no need to submit it to the shareholders' meeting for consideration, it does not constitute a related transaction or major asset restructuring, and it is still necessary to complete formalities such as industrial and commercial changes. As of the date the agreement was signed, the principal amount of the loan amount of 110 million yuan had not been repaid to the company. Suzhou Wenjun and Jubochem promised to repay it within 12 months after the agreement came into effect; the guarantee balance provided by the company to Aggregate Chemical was 14.8045 million yuan, which they promised to cancel within 6 months after the agreement came into effect.