Huafeng Chemical: Planning to issue shares and pay cash to purchase assets transactions are progressing.

Huafeng Chemical announced that the company plans to issue shares to Huafeng Group, You Xiaoping, You Jinhuan, and You Xiaohua, as well as pay cash to purchase 100% equity of Huafeng Synthetic Resin, and to purchase 100% equity of Huafeng Thermoplastics from Huafeng Group. On June 5, 2026, the board of directors of the company has approved the relevant proposals. As of the announcement date, due diligence and other work are proceeding normally. This transaction still requires re-approval by the board of directors, approval by the shareholders' meeting, and approval by regulatory authorities. Whether the transaction will be approved and the timing are uncertain.