Sinochem International announced that the company plans to purchase 100% of its shares in Nantong Star Synthetic Materials Co., Ltd. from Blue Star Group by issuing shares at a transaction price of RMB 2,110 billion. The issue price was 3.51 yuan/share, and the number of shares issued was about 601 million shares, accounting for 14.35% of the total share capital after issuance. The subscription period for Blue Star Group's shares was 36 months. This transaction constitutes a related transaction. It does not constitute a major asset restructuring or restructuring listing, and there are performance compensation and impairment compensation commitments. After the transaction is completed, it will enhance the competitiveness of the company's epoxy resin, expand its product layout in the field of engineering plastics, and give full play to the synergy effect of the industrial chain.

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