Jiangnan Chemical Industry: Proposed change in actual controller of the company

Jiangnan Chemical Industry Announcement: The company has received a notification from its actual controlling shareholder, China Ordnance Industry Group Limited. The Ordnance Industry Group has received a notice from the State-owned Assets Supervision and Administration Commission of the State Council to optimize the layout of state-owned assets and enhance core competitiveness. As a result, there may be changes to the company's controlling shareholder and actual controller. This change will not have a significant impact on the company's normal production and operation activities.