Zhitong Finance App News, Jiangnan Chemical (002226.SZ) announced that on May 9, 2025, the company and its wholly-owned subsidiary North Blasting Technology Co., Ltd. (hereinafter referred to as “Northern Blasting”) and Hubei Chutian Chemical Co., Ltd. (hereinafter referred to as “Chutian Chemical”) jointly signed the “Reorganization Agreement between Anhui Jiangnan Chemical Co., Ltd., North Blasting Technology Co., Ltd. and Hubei Chutian Chemical Co., Ltd. on Hubei Dongshen Chutian Chemical Co., Ltd., and Henan Huatong Chemical Co., Ltd.” The “Reorganization Agreement” stipulates that Jiangnan Chemical will invest 30% of the shares of Hubei Shuaili Chemical Co., Ltd. (hereinafter referred to as “Hubei Shuaili”) and 75.5% of Henan Huatong Chemical Co., Ltd. (hereinafter referred to as “Henan Huatong”); North Blasting plans to invest 51% of Hubei Shuaili's shares; and Chutian Chemical plans to jointly establish a new limited liability company with 90% of the shares of Hubei Dongshen Chutian Chemical Co., Ltd. (hereinafter referred to as “Dongshen Chutian)”. Jiangnan Chemical and Beifang Blasting together hold no less than 51% of the shares in the newly established company, and Chutian Chemical holds no more than 49% of the shares in the newly established company. Jiangnan Chemical is the actual controller of the newly established company. After the transaction is completed, Dongshen Chutian, Hubei Shuaili, and Henan Huatong will become holding subsidiaries of the newly established company.

Zhitong Finance App News, Jiangnan Chemical (002226.SZ) announced that on May 9, 2025, the company and its wholly-owned subsidiary North Blasting Technology Co., Ltd. (hereinafter referred to as “Northern Blasting”) and Hubei Chutian Chemical Co., Ltd. (hereinafter referred to as “Chutian Chemical”) jointly signed the “Reorganization Agreement between Anhui Jiangnan Chemical Co., Ltd., North Blasting Technology Co., Ltd. and Hubei Chutian Chemical Co., Ltd. on Hubei Dongshen Chutian Chemical Co., Ltd., and Henan Huatong Chemical Co., Ltd.” The “Reorganization Agreement” stipulates that Jiangnan Chemical will invest 30% of the shares of Hubei Shuaili Chemical Co., Ltd. (hereinafter referred to as “Hubei Shuaili”) and 75.5% of Henan Huatong Chemical Co., Ltd. (hereinafter referred to as “Henan Huatong”); North Blasting plans to invest 51% of Hubei Shuaili's shares; and Chutian Chemical plans to jointly establish a new limited liability company with 90% of the shares of Hubei Dongshen Chutian Chemical Co., Ltd. (hereinafter referred to as “Dongshen Chutian)”. Jiangnan Chemical and Beifang Blasting together hold no less than 51% of the shares in the newly established company, and Chutian Chemical holds no more than 49% of the shares in the newly established company. Jiangnan Chemical is the actual controller of the newly established company. After the transaction is completed, Dongshen Chutian, Hubei Shuaili, and Henan Huatong will become holding subsidiaries of the newly established company.