Announcement on the 2026 Annual Forecast of Daily Related Party Transactions Between Hengjing Phosphorous and Its Subsidiaries
The company and the entire board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free of any false records, misleading statements, or significant omissions.
1. Basic Situation of Daily Related Party Transactions
(1) Overview of Daily Related Party Transactions
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Due to business needs, Guizhou Hengjing Chemical Co., Ltd. (hereinafter referred to as the Company or Hengjing Chemical) and its subsidiaries plan to conduct daily related party transactions with Guizhou Hengjing Phosphorous Co., Ltd. (hereinafter referred to as Hengjing Phosphorous) and its subsidiaries. The total amount of related party transactions is expected not to exceed RMB 24,000.00 million from the date of approval by the shareholders' meeting until the end of the 2026 fiscal year.
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The aforementioned matter was reviewed and approved by the Fourth Board of Directors' Nineteenth Meeting held on August 6, 2026. Related directors Duan Haoran and Peng Weiyang abstained from voting.
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The aforementioned matter was reviewed and approved by the Company's Independent Directors' Special Meeting, and all independent directors unanimously agreed with this matter.
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This related party transaction matter still needs to be submitted for review by the Company's shareholders' meeting. Related shareholders Sichuan Hengjing Holding Group Co., Ltd. (hereinafter referred to as Hengjing Group) and Duan Haoran will abstain from voting.
(2) Categories and Amounts of Forecasted Daily Related Party Transactions
| Related Transaction Category | Related Transaction Content | Pricing Principle for Related Transactions | Forecasted Amount (RMB million) | Date of Formation of Related Party Relationship and Amount Incurred |
|---|---|---|---|---|
| Sales to Hengjing Phosphorous and its subsidiaries, provision of transportation services | Sales of phosphate rock, provision of transportation services | Determined by reference to market prices | 24,000.00 | 0.00 |
Note: Hengjing Phosphorous was established on June 12, 2026. The amount incurred from the date of formation of the related party relationship is the amount incurred from June 12, 2026, to July 31, 2026. In the 12 months prior to July 31, 2026, the Company had no transactions with Hengjing Phosphorous and its subsidiaries.
2. Introduction to Related Parties and Related Party Relationships, and Main Content of Related Transactions
(1) Hengjing Phosphorous
Name: Guizhou Hengjing Phosphorous Co., Ltd.
Unified Social Credit Code: 91522702MAKEUEFH27
Type: Limited Liability Company (Wholly Owned by Non-natural Person Investment or Holding)
Legal Representative: Li Shige
Registered Capital: Ten Million Yuan
Date of Establishment: June 12, 2026
Business Scope: Laws, regulations, and decisions of the State Council that are prohibited from being operated; laws, regulations, and decisions of the State Council that require approval (licensing) shall be operated after approval by the competent authority with the approval (license) document; laws, regulations, and decisions of the State Council that do not require approval (licensing) shall be operated by the market entity at its own discretion. General items: Manufacturing of basic chemical raw materials (excluding manufacturing of hazardous chemicals and other licensed chemical products); Enterprise management (excluding licensed businesses, may operate legally permitted or unrestricted projects).
Registered Address: Office 318, Building 10, Qiannan High-tech Road, Machangping Street Office, Fuquan City, Qiannan Buyei and Miao Autonomous Prefecture, Guizhou Province.
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