China Risun Group terminates major disposal, acquisition of chemicals unit

China Risun Group Limited announced on November 14, 2025, the termination of a previously proposed transaction. This transaction, first announced on May 16, 2025, involved the disposal of equity interests in Cangzhou Risun Chemicals Limited in exchange for consideration shares from Tianjin Binhai Energy & Development Co., Ltd.

Risun Group, Risun Coal Chemicals, Shenzhen Venture Capital, Agricultural Bank Assets, and Binhai Energy mutually agreed to cease the transaction. A termination agreement was officially entered into on November 14, 2025, releasing all parties from their respective obligations.

The board of China Risun Group Limited believes this termination will not have any material adverse impact on the group's business operations and financial position. The group intends to continue exploring potential strategic cooperation opportunities with Binhai Energy.