According to the Jilin Chemical Fiber announcement, the shareholding structure of Chemical Fiber Group, the controlling shareholder of the company, is to be changed. The Jilin Provincial State-owned Assets Administration Commission plans to transfer 50.32% of the shares held in the Chemical Fiber Group to the Provincial State-owned Assets Administration Group free of charge. The free transfer has been approved by the Jilin Provincial State-owned Assets Administration Commission. After the transfer is completed, the controlling shareholder of the company is still the Chemical Fiber Group, and the actual controller is still the Jilin Provincial State-owned Assets Administration Commission, which will not have a significant adverse impact on the normal production and operation of the company. A formal agreement has yet to be reached on the above matters, and procedures such as necessary approval and centralized operator review have been carried out.

According to the Jilin Chemical Fiber announcement, the shareholding structure of Chemical Fiber Group, the controlling shareholder of the company, is to be changed. The Jilin Provincial State-owned Assets Administration Commission plans to transfer 50.32% of the shares held in the Chemical Fiber Group to the Provincial State-owned Assets Administration Group free of charge. The free transfer has been approved by the Jilin Provincial State-owned Assets Administration Commission. After the transfer is completed, the controlling shareholder of the company is still the Chemical Fiber Group, and the actual controller is still the Jilin Provincial State-owned Assets Administration Commission, which will not have a significant adverse impact on the normal production and operation of the company. A formal agreement has yet to be reached on the above matters, and procedures such as necessary approval and centralized operator review have been carried out.