Haohua Technology's ownership structure stable after internal Sinochem asset transfer

Haohua Chemical Science & Technology Corp (Haohua Technology) has announced that its shareholder, Sinochem Group Co., Ltd. (Sinochem Group), has transferred 100% of the equity of Sinochem Asset Management Co., Ltd. (Sinochem Asset) to Sinochem Holdings Corporation Ltd. This internal restructuring does not trigger a tender offer.

Following the equity transfer, Sinochem Group continues to indirectly hold 100% of Sinochem Asset through Sinochem Holdings. The total number of shares held by Sinochem Group, Sinochem Asset, and their concerted parties in Haohua Technology remains unchanged at 807,632,380 shares, representing 62.61% of Haohua Technology's total share capital.

The company confirmed that this equity change will not alter Haohua Technology's controlling shareholder or actual controller. Consequently, no disclosure of an equity change report, acquisition report, or tender offer report will be required.