Wanhua Chemical controlling shareholder transfer of state-owned equity

Wanhua Chemical announced on the evening of 26, Yantai SASAC decided to Wanhua Industrial Group Co., Ltd. 39.497% of the state-owned equity transfer to Yantai Guofeng Investment Holdings Co., Ltd. Guofeng is Yantai SASAC funded the establishment of After the state-owned sole proprietorship and Wanhua Industrial Equity were transferred without compensation, the controlling shareholder and actual controller of the Company remained unchanged. Guofeng Investment will earnestly fulfill its responsibilities as a major shareholder and support the development of Wanhua Chemical.

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