Stock Code: 002377 Stock Abbreviation: Guochuang High-Tech Announcement No.: 2026-17
Hubei Guochuang High-Tech Materials Co., Ltd.
Explanation of the Performance Commitment Achievement for the Acquisition of Ningbo Guopei Petrochemical Co., Ltd.
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Hubei Guochuang High-Tech Materials Co., Ltd. (hereinafter referred to as the "Company") completed the acquisition of 100% equity of Ningbo Guopei Petrochemical Co., Ltd. (hereinafter referred to as "Guopei Petrochemical") in October 2025. In accordance with the relevant regulations of the Shenzhen Stock Exchange and the transaction agreement, the completion of Guopei Petrochemical's 2025 performance commitment is hereby explained as follows:
I. Basic Information on the Acquisition of Guopei Petrochemical
The Company acquired 100% of the equity of Guopei Petrochemical held by Ningbo Dingchuang Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Ningbo Dingchuang") for a transaction price of RMB 225 million in cash. This transaction has been deliberated and approved by the seventeenth meeting of the seventh Board of Directors and the second extraordinary general meeting of shareholders in 2025. For detailed information, please refer to the "Announcement on the Proposed Acquisition of 100% Equity of Ningbo Guopei Petrochemical Co., Ltd. and Related Party Transactions" (Announcement No.: 2025-43) disclosed on the Juchao Information Network (www.cninfo.com.cn) on July 26, 2025.