Jilin Chemical Fiber: Transfer of 16.13% equity agreement by controlling shareholder, no change in controlling shareholder.

Jilin Chemical Fiber announced that there has been a change in the equity structure of its controlling shareholder, Chemical Fiber Group, recently. Jilin City Construction and the provincial equity fund signed an agreement to transfer 16.13% of the shares of Chemical Fiber Group held by Jilin City Construction to the provincial equity fund, which has been approved by the Jilin Municipal State-owned Assets Supervision and Administration Commission. After the transfer is completed, the provincial equity fund's shareholding will increase to 29.03%, Jilin City Construction's will decrease to 15.48%, and the Jilin Municipal State-owned Assets Supervision and Administration Commission will directly and indirectly hold 50.96%. This change will not result in a change in the company's controlling shareholder or actual controller, as Chemical Fiber Group will still be the controlling shareholder and the Jilin Municipal State-owned Assets Supervision and Administration Commission will still be the actual controller.