山东赫达集团股份有限公司关于第九届董事会第二十九次会议决议的公告

Group 1 - The company held its 29th meeting of the 9th Board of Directors on December 26, 2025, where it approved the proposal regarding the progress of external investment in purchasing equity and signing a supplementary agreement [2][3][10] - The board meeting was attended by all 9 directors, and the decision was made unanimously with 9 votes in favor [4][5] - The company announced that the external investment in purchasing equity does not involve related transactions and does not constitute a major asset restructuring as per relevant regulations [9][23] Group 2 - The company is acquiring equity in Shandong Zhongfu Heda New Materials Co., Ltd. to enhance its cellulose ether product line and overall competitiveness [10][24] - The maximum acquisition price has been reduced from 294 million RMB to 191 million RMB due to changes in market conditions, which aligns with the company's investment objectives [14][27] - The target company, Zhongfu Heda, is a leading domestic producer of HEC (hydroxyethyl cellulose) with a production capacity of 10,000 tons per year and strong market competitiveness [25][26] Group 3 - The supplementary agreement adjusts the conditions for the second phase of the acquisition, requiring the target company to maintain profitability until 2027, with a revised maximum share price of 7 RMB [20][22] - The company has completed the first phase of the acquisition, holding 47.0796% of the target company's equity as of September 25, 2023 [11][10] - The target company's products have significant applications in various industries, including oilfield, personal care, and high-end coatings, indicating strong growth potential [26][24]