CNNC Hua Yuan to divest subsidiary, rebrand as Tinergy Chemical

CNNC Hua Yuan Titanium Dioxide is divesting its 100% equity in Hami Zhonghe Vanadium Titanium Co., Ltd. for an appraised price of CNY 120,803,600 (excluding tax). The buyer is Wenzhou Yingsheng Industrial Co., Ltd., an affiliated party to CNNC Hua Yuan, making this a related-party transaction. The transaction, approved by the board of directors, is part of a strategy to optimize the company's investment layout and focus on its core business.

In conjunction with the asset disposal, the company proposes to change its name to "Tinergy Chemical Co., Ltd." and its stock ticker name to "Ti Chem." This rebranding aims to better match the company's "titanium chemical, phosphorus chemical, and new energy materials" industrial integration strategy, further building a "sulfur-phosphorus-iron-titanium" green circular development model. The company's stock code 002145 will remain unchanged.

These changes will necessitate revisions to the company's articles of association and are subject to shareholder approval at an extraordinary general meeting scheduled for October 13, 2025. The name change also requires approval from the market supervision and administration department.