Wanhua Chemical intends to absorb and Wanhua Chemical or purchase its subordinate subsidiary equity

Wanhua Chemical announced on the evening of March 4, the company will include but not limited to the issuance of shares to buy assets, mergers and acquisitions, etc., to buy shares of Wanhua Chemical's subsidiary or merger of Wanhua Chemical. Wanhua Chemical Engineering Company's former controlling shareholder Wanhua Industrial Co., Ltd. will set up a new company after the separation of its existing businesses. Some of the shares held by the former Wanhua Industrial Co., Ltd. will be transferred to Wanhua Chemical. The specific equity interests include 47.924% of Wanhua Chemical, Wanhua Chemical (Ningbo) Co., Ltd. 25.5% stake, etc. 6. The company's shares continue to be suspended.

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