Securities Code: 002395 Securities Abbreviation: Shuangxiang Co., Ltd. Announcement No.: 2026-007
Wuxi Shuangxiang Advanced Materials Co., Ltd. Announcement on Related Party Entrusting Company's Wholly-Owned Subsidiary to Dispose of Hazardous Waste
The Company and the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Overview of Related Party Transactions
Chongqing Yixiang Chemical Co., Ltd. (hereinafter referred to as "Chongqing Yixiang") and Chongqing Shuangxiang Electronic Materials Co., Ltd. (hereinafter referred to as "Chongqing Electronic") entrust Wuxi Shuangxiang Advanced Materials Co., Ltd. (hereinafter referred to as "the Company")'s wholly-owned subsidiary Chongqing Shuangxiang Advanced Materials Co., Ltd. (hereinafter referred to as "Chongqing Advanced Materials") to dispose of hazardous waste. During the term of the agreement, the total hazardous waste disposal fee for Chongqing Yixiang shall not exceed RMB 11 million, and the total hazardous waste disposal fee for Chongqing Electronic shall not exceed RMB 70,000.
Chongqing Yixiang and Chongqing Electronic are both wholly-owned subsidiaries of the Company's controlling shareholder, Jiangsu Shuangxiang Group Co., Ltd. Therefore, this transaction constitutes a related party transaction, but it does not constitute a major asset restructuring as defined by the "Measures for Major Asset Restructuring of Listed Companies."