Jiangnan Chemicals: Intends to acquire 100% equity of Qinghua Civil Explosives with cash, with a transaction amount of 645 million yuan.

Jiangnan Chemical Industry Announcement: The company plans to acquire 100% of the shares of Qinghua Civil Explosives held by Tengen Group in cash, with a transaction amount of 645 million yuan. This transaction constitutes a related party transaction, but does not constitute a major asset restructuring of a listed company as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies." This transaction has been approved by the 7th Board of Directors of the company at its 10th meeting and still needs to be submitted for approval by the company's shareholders' meeting, with related parties abstaining from voting.