Huayi Group announced that the asset exchange and related transactions between the company and the controlling shareholder, Shanghai Huayi Holding Group Co., Ltd., have been settled, and that the registration procedures for the shareholders of Shanghai Energy and Guangxi Energy have all been completed. In this transaction, the company purchased 100% of its shares in Shanghai Huayi Energy Chemical Co., Ltd. and took 51% of the shares of Guangxi Huayi Energy Chemical Co., Ltd. held by Shanghai Huayi. After the change was completed, the company directly held 51% of Guangxi Energy Chemical's shares, and Guangxi Energy Chemical was included in the scope of the company's consolidated statement; the company no longer held shares in Shanghai Energy Chemical, and Shanghai Energy Chemical transferred out of the scope of the company's consolidated statement. Subsequent companies will settle the remaining balance of the transaction as agreed in the agreement.

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