Huafeng Chemical: Termination of the reorganization matter not approved by the shareholders' meeting.

On May 13, Jin10 reported that Huafeng Chemical announced in the evening that the company originally planned to acquire 100% equity of Huafeng Synthetic Resin held by Huafeng Group and others through the issuance of shares and cash payment; it also planned to acquire 100% equity of Huafeng Thermoplastic held by Huafeng Group through the issuance of shares and cash payment. Given that the relevant proposal for this transaction did not receive more than 2/3 of the valid voting rights at the shareholder meeting, the company has decided to terminate this restructuring matter. The subsequent listed company and the counterparty will actively negotiate and communicate to continue to promote the equity injection of Huafeng Synthetic Resin and Huafeng Thermoplastic, strictly fulfilling the commitment related to asset injection.