Sinochem International: Issuance of 601 million shares to purchase assets

China National Chemical International announced that it plans to issue 601 million shares to purchase 100% equity of Nantong Xingchen Synthetic Material Co., Ltd. held by China Blue Star Group at a price of 3.51 yuan per share. The transaction price of this deal is 2.1 billion yuan, accounting for 14.35% of the total share capital after China National Chemical International's issuance. The shares subscribed by Blue Star Group cannot be transferred within 36 months from the completion of the issuance. After the completion of this transaction, it is expected that the total asset scale and operating income scale of China National Chemical International will be improved, the equity attributable to the parent company shareholders will increase, and the net loss attributable to the parent company shareholders will decrease.