Wanhua Chemical Group Battery Technology Co., Ltd. entered into share transfer agreement to acquire 5% stake in Anhui Liuguo Chemical Co., Ltd. (SHSE:600470) from Tongling Chemical Industry Group Co.,Ltd. for CNY 120 million on February 26, 2024. After the transfer, Tongling Chemical will still hold 20.49% stake in Anhui Liuguo. The transaction needs approval from competent state-owned assets supervision and administration department.

The Shanghai Stock Exchange must confirm compliance before the relevant share transfer procedures can be handled at the Shanghai Branch of China Securities Depository and Clearing Co., Ltd.