浙江龙盛集团股份有限公司2024年年度股东大会决议公告

Group 1 - The annual general meeting of Zhejiang Longsheng Group Co., Ltd. was held on May 30, 2025, with no resolutions rejected [2] - The meeting was presided over by Chairman Ruan Weixiang, and all procedures complied with the Company Law and Articles of Association [2][3] - All proposals presented at the meeting, including the 2024 annual financial report and profit distribution plan, were approved [4][5][6] Group 2 - The company signed a share purchase agreement to acquire 37.57% of the issued share capital of DyStar Global Holdings (Singapore) Ltd. from KIRI Industries Limited for USD 69,654.78 thousand [21][23] - The transaction is not classified as a related party transaction or a major asset restructuring and falls within the board's authority [22] - The acquisition aims to resolve ongoing litigation and make DyStar a wholly-owned subsidiary, enhancing the company's profitability [23][34] Group 3 - The financial evaluation of DyStar estimated its enterprise value between USD 1.178 billion and USD 1.288 billion, with a projected value of 100% shares between USD 1.791 billion and USD 1.901 billion [26][27] - The purchase price was determined based on fair negotiations and market valuation methods, including EBITDA multiples [26] - The acquisition is expected to increase the company's liabilities but is aligned with its strategic goal of becoming a leading specialty chemicals producer [34]