Lil Chemicals: Major Shareholders and Acting in Concert Intend to Publicly Solicit Transfer of 20.00% and 3.50% Stake in the Company.

Lil Chemical announced that the company's controlling shareholder, Jiuyuan Group, and its concerted action person Huamaterial Technology, intend to transfer 160 million shares and 28.0153 million shares of the company respectively through public solicitation transfer, accounting for 20.00% and 3.50% of the total share capital of the company, with both shares being non-restricted legal person shares. The proposed minimum transfer price for this public solicitation transfer is not less than 12.62 yuan/share. If the transaction is completed, the transferee will directly hold not less than 23.50% of the company's shares and is expected to become the company's controlling shareholder.