Shandong Rik Chemical Co., Ltd. Board of Directors' Statement
Statement on the Completeness, Compliance, and Effectiveness of Legal Filings for the Restructuring
Shandong Rik Chemical Co., Ltd. (the "Company") proposes to acquire 70.75% of the shares of Shandong Yuan New Materials Co., Ltd. through a share issuance and cash payment, and to raise supporting funds (collectively referred to as the "Transaction").
In accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Administrative Measures for Major Asset Restructuring of Listed Companies," the "Administrative Measures for Securities Issuance and Registration of Listed Companies," the "Format Rules for Information Disclosure of Publicly Issued Securities No. 26 – Major Asset Restructuring of Listed Companies," the "Administrative Measures for Information Disclosure of Listed Companies," "Supervision Guidelines for Listed Companies No. 9 – Regulatory Requirements for Listed Companies Planning and Implementing Major Asset Restructuring," "Supervision Guidelines for Listed Companies No. 7 – Regulatory Measures for Abnormal Stock Trading Related to Major Asset Restructuring of Listed Companies," the "GEM Listing Rules of the Shenzhen Stock Exchange," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 8 – Major Asset Restructuring," and other relevant laws, administrative regulations, departmental rules, and normative documents, as well as the "Articles of Association of Shandong Rik Chemical Co., Ltd." (the "Articles of Association"), the Company's Board of Directors has carefully reviewed the completeness and compliance of the legal procedures for this Transaction and the effectiveness of the submitted legal documents, and provides the following explanation: