Beijing Lide Chemical Co., Ltd. (hereinafter referred to as "the Company") is currently planning to acquire 70% of the shares of the target company (hereinafter referred to as "the Target Company") through a cash payment method. Prior to this transaction, the Company held shares in the Target Company. Following the completion of this transaction, the Company will gain control of the Target Company.
According to preliminary calculations, this transaction is expected to form a major asset restructuring management framework. This transaction will not lead to changes in the Company's shareholding structure and will not result in changes in control.