Asia Star Chemical: Intends to apply for a 120 million yuan loan extension from its controlling shareholder for a period not exceeding 10 months.

Yaxing Chemical announced that the company plans to apply to its controlling shareholder, Weifang City Investment Group, to extend the maturity of 120 million yuan in loans that are due in the near future for up to 10 months. The interest rate during the extension period will remain at 6.9%, and no collateral will be required. This transaction constitutes a related party transaction, does not constitute a major asset restructuring, and requires approval by a shareholders' meeting with related parties abstaining from voting. On December 23, 2025, the board of directors has approved the proposal, with related directors abstaining from voting. Over the past 12 months, the company has had multiple related party transactions with Weifang City Investment Group. This extension is beneficial in meeting the funding needs of new projects and mitigating operational risks.