Luxi Chemical Group Co., Ltd. (SZSE:000830) agreed to acquire Luxi Group Co., Ltd from Sinochem Investment Development Co., Ltd., Sinochem Investment (Liaocheng) Co., Ltd, Liaocheng Caixin Investment Holding Group Co., Ltd and Liaocheng Juhe Equity Investment Co., Ltd on April 15, 2022. As of April 28, 2022, Luxi Chemical Group Co., Ltd. (SZSE:000830) signed an agreement to acquire Luxi Group Co., Ltd from Sinochem Investment Development Co., Ltd., Sinochem Investment (Liaocheng) Co., Ltd, Liaocheng Caixin Investment Holding Group Co., Ltd and Liaocheng Juhe Equity Investment Co., Ltd. Luxi Chemical Group Co., Ltd. directorate approved this transaction. Luxi Gorup already performed its decision-making procedures, approving this transaction.

Sinochem Investment Development Co., Ltd., Sinochem Investment (Liaocheng) Co., Ltd., Liaocheng Caixin Investment Holding Group Co., Ltd, Liaocheng Juhe Equity Investment Co., Ltd. already performed their respective decision-making procedures, approving this transaction. This transaction has passed the pre-examination of the State-owned Assets Supervision and Administration Commission of the State Council. This transaction still needs to be approved by, Sinochem Holdings Corporation Ltd. needs to approve this transaction's formal plan.

Company's shareholders' meeting needs to approved this transaction's formal plan and from CSRC. On December 30, 2022, the Company held the 2nd Extraordinary Shareholders Meeting of 2022, and approved the acquisition. As of September 30, 2022, Luxi Group Co., Ltd. reported Total Assets of CNY 4.48109 billion, Net Assets of CNY 4.4711 billion.

As of March 2, 2023, The Shenzhen Stock Exchange checked the application documents submitted by the company for the absorption and merger of Luxi Group Co., Ltd. and related party transactions in accordance with the law, and considered that the application documents were complete and decided to accept them. As of March 29, 2023, the "Company" received the Shenzhen Stock Exchange's Merger and Reorganization Review Committee issued the "Shenzhen Stock Exchange Merger and Reorganization Review Committee" on March 29, 2023. According to the Announcement on the Results of the Third Review Meeting in 2023, the M&A and Reorganization Review Committee of the Shenzhen Stock Exchange reviewed the issue of shares to purchase assets submitted by the company.

The result of the review: this transaction meets the reorganization conditions and information disclosure requirements.