Paotze company, HT Chemical Corp subsidiary, to announce progress of loaning of funds to other entity

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Provided by: HO TUNG CHEMICAL CORP.
SEQ_NO	2	Date of announcement	2021/11/11	Time of announcement	17:18:45
Subject	Paotze company, HT Chemical Corp subsidiary, to announce progress of loaning of funds to other entity
Date of events	2021/11/11	To which item it meets	paragraph 51
Statement	1.Date of occurrence of the event:2021/11/11 2.Company name:Ho Tung Chemical Corp. 3.Relationship to the Company (please enter ��head office�� or ��subsidiaries��):head office 4.Reciprocal shareholding ratios:None 5.Cause of occurrence: According to the letter of the Financial Supervisory Commission issued on September 1, 2021, No.1100357221. 6.Countermeasures: March 30, 2021, Paotze investment Limited received the court��s verdict which granted the initiation of liquidation procedures of Nanjing Global Technology Co., Ltd. The verdict took effect on April 30, 2021. A lawyer has then been appointed to apply for liquidation. 7.Any other matters that need to be specified:None