Zhejiang Longsheng assumes full control of DyStar

Group 1 - The settlement involved multiple agreements, including a Share Buy-Back Agreement and a Framework Agreement, finalized on December 12, 2025, and an Amended and Restated Share Purchase Agreement on December 13, 2025, which amended the original agreement from May 29, 2025 [1] - The transaction included the purchase of a 37.5% shareholding from KIRI Industries for a total of $688.88 million, with DyStar contributing $426.52 million and Sende International contributing $262.4 million [2] - The completion of the transaction was confirmed by court-appointed receivers on December 30, 2025, resolving all legal disputes between Zhejiang Longsheng and KIRI Industries regarding DyStar's shareholding [2] Group 2 - Following the transaction, the two directors nominated by KIRI Industries have resigned from DyStar's board, resulting in DyStar becoming a wholly owned subsidiary of Zhejiang Longsheng Group [3] - The chairman of DyStar Group expressed satisfaction with the transaction, aligning with Longsheng's strategic goal of becoming a leading provider of specialty chemical production services, and emphasized the importance of transparency and stakeholder engagement during the transition [4] - The managing director of DyStar Group highlighted that the resolution of the shareholders' dispute is a significant milestone, positioning DyStar to enhance its global operations and innovation under unified governance [5]