Wanhua Chemical Group Battery Technology Co., Ltd. signed a share transfer agreement to acquire 15.2% stake in Anhui Annada Titanium Industry Co., Ltd. (SZSE:002136) from Tongling Chemical Industry Group Co.,Ltd. for approximately CNY 300 million on February 26, 2024. Under the terms, Wanhua Chemical will pay CNY 9.15 per share for 32.7 million shares. The transaction was approved by the Board of Directors and shareholders of Wanhua Chemical Group and Tongling Chemical Industry Group.

Upon consensus reached by both parties, Tongling Chemical shall act in concert with Wanhua Chemical in voting matters at Anhui Annada's general meeting of shareholders, and the directors nominated by Tongling Chemical shall act in concert with the directors nominated by Wanhua Chemical in voting matters at Anhui Annada's board of directors.