Hengli Petrochemical: Intends to purchase affiliated property for 415 million yuan.

Henglai Petrochemical announcement: It plans to use its own funds to purchase the property located at Building 8, No. 15, Hengli New Port International Center, Lane 568, Shengkun Road, Minhang District, Shanghai, held by Shanghai Hengli Wisdom Construction Co., Ltd. The transaction price is 415 million yuan. This transaction constitutes a related party transaction, but does not constitute a major asset restructuring. The transaction has been approved by the company's board of directors, and related directors have recused themselves from voting. The transaction still needs to go through property registration procedures and there is uncertainty.