Shandong Rik Chemical Co., Ltd. Board of Directors' Explanation on Whether the Transaction Constitutes a Related Party Transaction

✨ AI Summary

Shandong Rik Chemical plans to acquire 70.75% of Shandong Yuan New Material's shares and raise supporting funds. The transaction counterparty, Tan Yejun, and his concert parties are expected to hold over 5% of the company's shares post-acquisition. This transaction is anticipated to constitute a related party transaction according to relevant regulations.

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