Bohai Chemical: To transfer 49% of Bohai Petrochemical's equity to controlling shareholder Bohua Group.

Bohai Chemical announced that the company plans to transfer 49% of the equity of its wholly-owned subsidiary Tianjin Bohai Petrochemical Co., Ltd. to the company's controlling shareholder, Tianjin Bohai Chemical Industry Group Co., Ltd. The transfer price of the equity in this agreement is 536 million yuan. After the completion of the transaction, the company will still hold its controlling rights and continue to include it in the consolidated financial statements. This transaction does not constitute a major asset restructuring.