According to Sinochem International's announcement, the company plans to purchase 100% of its shares in Nantong Star Group by issuing shares at a transaction price of 2,110 billion yuan and an issue price of 3.51 yuan/share. The corresponding number of shares issued is 601 million shares, accounting for 14.35% of the total share capital after issuance. 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 was completed, the controlling shareholder of the company was still Sinochem shares, and the actual controller was still the State Council's State-owned Assets Administration Commission. The transaction still needs to be reviewed and approved by the Shanghai Stock Exchange and registration approval from the China Securities Regulatory Commission. There is uncertainty about whether it will be approved.

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