Sinochem Equipment: Plans to issue shares to purchase equity, significant asset restructuring work is in progress

Sinochem Equipment announced that the company plans to issue shares to purchase 100% equity of Yiyang Rubber and Plastic Machinery held by China National Chemical Equipment and 100% equity of Bluestar Chemical Machinery held by Beijing Bluestar Energy-saving, and to raise matching funds. This is expected to constitute a significant asset restructuring without leading to a change in the actual controller. The company's stock will be suspended from trading in July 2025, and will resume trading after the relevant proposals are reviewed and approved on July 29. As of the announcement date, due diligence, auditing, and evaluation work are ongoing, and after completing the relevant work, the board of directors will be convened again to review and fulfill the approval and disclosure procedures. This transaction still requires decisions from the company's board of directors, shareholders' meeting, and approval from regulatory agencies