Asia Star Chemical announced that the company plans to purchase 100% of the shares of Shandong Tianyi Chemical Co., Ltd. held by 24 shareholders including Shandong Tianyi Holding Group Co., Ltd. by issuing shares and paying cash. At the same time, the company plans to issue shares to no more than 35 eligible specific investors, including Weifang Urban Construction and Development Investment Group Co., Ltd., to raise supporting capital. The transaction price of the underlying asset of this transaction has not yet been finalized. Based on the preliminary judgment of the target company's unaudited financial data, the transaction is expected to constitute a major asset restructuring.

Asia Star Chemical announced that the company plans to purchase 100% of the shares of Shandong Tianyi Chemical Co., Ltd. held by 24 shareholders including Shandong Tianyi Holding Group Co., Ltd. by issuing shares and paying cash. At the same time, the company plans to issue shares to no more than 35 eligible specific investors, including Weifang Urban Construction and Development Investment Group Co., Ltd., to raise supporting capital. The transaction price of the underlying asset of this transaction has not yet been finalized. Based on the preliminary judgment of the target company's unaudited financial data, the transaction is expected to constitute a major asset restructuring.