Jiahua Energy announced that the company will absorb and merge its wholly-owned subsidiary Jiaxing Fancheng Chemical Co., Ltd. After the merger is completed, Pancheng Chemical's independent legal personality will be cancelled, and all of its assets, claims, debts, and personnel will be inherited by the company. The matter has been reviewed and approved by the company's board of directors and the first extraordinary shareholders' meeting in 2026. According to relevant laws and regulations, creditors of both parties to the merger have the right to demand settlement of debts or provide corresponding guarantees from the company within 30 days from the date of receipt of the notice and within 45 days from the date the notice is published without receiving the notice. Failure to file an overdue claim does not affect the validity of the claim.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.