Jilin Chemical Fibre controlling shareholder's equity structure reconfigured

Jilin Chemical Fibre Co., Ltd. announced a change in the equity structure of its controlling shareholder, Jilin Chemical Fibre Group Co., Ltd. The adjustment stems from an agreement where Jilin City Urban Construction Holding Group Co., Ltd. transferred its 16.13% stake in Jilin Chemical Fibre Group to Jilin Provincial Equity Investment Fund Co., Ltd. The Jilin City People's Government State-owned Assets Supervision and Administration Commission approved this transfer.

Following the transaction, Provincial Equity Fund's ownership in Jilin Chemical Fibre Group increased to 29.03%, while Jilin City Urban Construction's stake decreased to 15.48%. Jilin City State-owned Assets Supervision and Administration Commission (Jilin City SASAC) retains direct and indirect control of 50.96% of Jilin Chemical Fibre Group.

This change in the equity control structure of the controlling shareholder will not affect Jilin Chemical Fibre Co., Ltd.'s actual controlling shareholder. The company's controlling shareholder remains Jilin Chemical Fibre Group, and the ultimate actual controller remains Jilin City SASAC.