Inner Mongolia Shengli Explosive Co., Ltd. agreed to acquire Guangling County Tond Jinghua Chemical Co., Ltd. and Qingshuihe County Tongmeng Chemical Co., Ltd. from Shanxi Tond Chemical Co., Ltd. (SZSE:002360) for CNY 653 million on December 11, 2023. This transaction has been reviewed and approved at the 5th meeting of the company's 8th board of directors. According to the "Shenzhen Stock Exchange Stock Listing Rules", the "Articles of Association" and other relevant regulations, this transaction still needs to be submitted to the company's shareholders' meeting for review.

As of December 21, 2023, Shanxi Tond Chemical Co., Ltd.and Inner Mongolia Shengli Explosive Co., Ltd. jointly signed the "Equity Transfer Contract". The transaction price is CNY 653 million. This transaction still needs to be submitted to the Company?s third extraordinary shareholders?

meeting in 2023 for review. Inner Mongolia Shengli Explosive Co., Ltd. pay the entire equity transfer price before January 20, 2024.The