Announcement Regarding Progress of Agreement Transfer of Part of Company Shares by Controlling Shareholder, Actual Controller and Their Concerted Parties, and Signing of Supplementary Agreement and Notice of Equity Change
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false statements, misleading representations, or material omissions.
Special Notice:
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Changzhou Strong Chemical New Materials Co., Ltd. (hereinafter referred to as the "Company," "this Company," or "Strong Chemical") controlling shareholders, actual controllers Mr. Qian Xiaochun, Ms. Guan Jun, and their concerted parties Ms. Guan Guoqin, Ms. Qian Ying, and Ms. Qian Xiaoying, intend to transfer a total of 28,000,000 shares of Strong Chemical through an agreement transfer, representing 5.0409% of the Company's total share capital.
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This agreement transfer does not involve a mandatory offer, does not constitute a related party transaction, and will not result in a change of the Company's controlling shareholder and actual controller, nor will it have a significant impact on the Company's governance structure and continuous operation.
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This agreement transfer is subject to a compliance review by the Shenzhen Stock Exchange before the share transfer can be processed at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. The final completion is uncertain. Investors are advised to invest rationally and be aware of investment risks.
I. Overview of the Share Transfer
On June 5, 2026, the Company's controlling shareholder and actual controller, Mr. Qian Xiaochun and Ms. Guan Jun, and their concerted parties Ms. Guan Guoqin, Ms. Qian Ying, and Ms. Qian Xiaoying (hereinafter referred to as the "Transferors" or "Party B") signed the "Strong Chemical Share Transfer Agreement" (hereinafter referred to as the "Original Agreement") with Shanghai Baoding Investment Management Co., Ltd. (hereinafter referred to as "Baoding Investment" or "Party A"). The Transferors intended to transfer shares to Baoding Investment, which was to establish and manage a contractual private equity investment fund (hereinafter referred to as "Baoding Fund" or "Fund"), at a price of RMB 10.95 per share.
The total number of shares to be transferred is 28,000,000 shares (non-tradable shares), representing 5.1443% of the Company's total share capital. The total transaction amount is RMB 306,600,000. Specifically, Mr. Qian Xiaochun will transfer 12,289,300 shares of Strong Chemical, Ms. Guan Jun will transfer 14,143,000 shares of Strong Chemical, Ms. Guan Guoqin will transfer 651,200 shares of Strong Chemical, Ms. Qian Ying will transfer 466,800 shares of Strong Chemical, and Ms. Qian Xiaoying will transfer 449,700 shares of Strong Chemical. For details, please refer to the "Notice of Agreement Transfer of Part of Company Shares by Controlling Shareholder, Actual Controller and Their Concerted Parties and Notice of Equity Change" (Announcement No.: 2026-025) and the "Simplified Equity Change Report" disclosed by the Company on Juchao Information Network (www.cninfo.com.cn) on June 5, 2026.
II. Progress of the Agreement Transfer
The Company recently received notification from its controlling shareholder and actual controller, Mr. Qian Xiaochun (Party B-1), Ms. Guan Jun (Party B-2), and their concerted parties Ms. Guan Guoqin (Party B-3), Ms. Qian Ying (Party B-4), and Ms. Qian Xiaoying (Party B-5). It was learned that on August 10, 2026, they signed the "Supplementary Agreement to the Strong Chemical Share Transfer Agreement" (hereinafter referred to as the "Supplementary Agreement") with Baoding Investment (Party A).
Given that the actual transferee of the shares, a contractual private equity investment fund, was in the process of establishment and filing at the time of signing the Original Agreement, this fund has now completed its establishment and obtained filing from the Asset Management Association of China. The parties, based on the principle of equality, voluntariness, and good faith, and through friendly negotiation, have reached the following agreement on the supplementary matters of the Original Agreement.