Guochuang Hi-tech: Plans to acquire 100% equity of Ningbo Guopei for 225 million yuan

Guochuang Hi-tech announced that the company intends to acquire 100% equity of Ningbo Guopei Petrochemical Co., Ltd. for cash, with a transaction price of 225 million yuan. Upon completion of this transaction, Ningbo Guopei will become a wholly-owned subsidiary of the company. This transaction constitutes a related party transaction and does not constitute a major asset reorganization. The transaction has been approved by the 17th meeting of the 7th Board of Directors, with related directors abstaining from voting, and other non-related directors unanimously agreeing to the matter. Before submitting this proposal to the Board of Directors for review, it has been approved by a special meeting of the company's independent directors and agreed to submit the proposal for board review. This transaction still requires approval from the shareholders' meeting, and related shareholders with a vested interest in this related party transaction will abstain from voting. To protect the interests of the company and its shareholders, especially small and medium-sized investors, performance commitments and compensation arrangements have been set for this transaction