Lil Chemical: Controlling Shareholder Plans to Transfer 23.50% Stake, Identifying the First Purchaser

Li'er Chemical announced that the company's controlling shareholder Jiuyuan Group and concerted action person Huamaterial Technology plan to transfer 20.00% and 3.50% of the company's shares, respectively, through public solicitation, totaling 23.50% of the total share capital. During the public solicitation period, 10 potential transferees submitted applications and paid deposits, all of which passed the review. According to the quotes, China Resources Shuanghe was identified as the first potential transferee, while Shudao Investment and Sichuan Energy ranked second and third. The transferor will negotiate in sequence, and in specific situations, will negotiate with subsequent transferees in order. This transfer may result in a change in the controlling shareholder, and the agreement requires approval, the completion of which is still uncertain.