Chinese Chemicals: Subsidiary Company Saiting Ningbo's Involvement in Kangde Xinge Securities False Statement Liability Dispute Lawsuit

The subsidiary company of China Chemical, China Chemical Saiding Ningbo Engineering Co., Ltd., received a "Notice of Response" from the Intermediate People's Court of Suzhou City, Jiangsu Province, regarding a lawsuit filed by Zhejiang Zhongtai Chuangying Asset Management Co., Ltd. against Kangde New Composite Materials Group Co., Ltd. for securities misrepresentation liability. The plaintiff, Zhongtai Chuangying, requested Kangde New to pay a total of 5.147 billion yuan in investment losses, as well as corresponding commissions and stamp duty. Saiding Ningbo is the seventh defendant, and the lawsuit has not yet been brought to court.