Shandong Rik Chemical Co., Ltd. Board of Directors' Statement on Relevant Parties Not Meeting Conditions for Major Asset Restructuring

Shandong Rik Chemical Co., Ltd. Board of Directors

Statement on Relevant Parties Not Meeting Conditions for Major Asset Restructuring Under Article 12 of the "Supervision Guidance No. 7 for Listed Companies - Regulation of Abnormal Trading of Stocks in Major Asset Restructuring of Listed Companies" and Article 30 of the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 8 - Major Asset Restructuring"

Shandong Rik Chemical Co., Ltd. (hereinafter referred to as the "Company") intends to acquire 70.75% of the shares of Shandong Yuan New Material Co., Ltd. through the issuance of shares and payment of cash, and to raise supporting funds (hereinafter referred to as the "Transaction").