Wanhua Chemical: Plans to increase the capital of its wholly-owned subsidiary Wanhua Olefins by 19.086 billion yuan.

Wanhua Chemical announced that in order to enhance the operational control efficiency of the carbon two industry, it plans to increase the capital of its wholly-owned subsidiary, Wanhua Chemical Group Olefins Co., Ltd., by 19.086 billion yuan, including 14.586 billion yuan in asset contribution and 4.5 billion yuan in debt contribution. Of the total increase in capital, 1 billion yuan will be included in the registered capital, and 18.086 billion yuan will be included in the capital surplus. After the capital increase, the registered capital of Wanhua Olefins Company will increase from 3 billion yuan to 4 billion yuan, and it will remain a wholly-owned subsidiary of Wanhua Chemical. The matter has been approved by the ninth board of directors of the company at its first meeting in 2026, does not constitute a related-party transaction or a major asset restructuring, and does not require approval by the shareholder meeting. However, there are uncertainties and risks in the operation of Wanhua Olefins Company after the capital increase is completed.