Overview - The core point of the announcement is that Hengli Petrochemical Co., Ltd. has approved the absorption merger of its wholly-owned subsidiaries, Hengli Petrochemical (Dalian) Refining Co., Ltd. and Hengli Petrochemical (Dalian) Chemical Co., Ltd., to optimize management structure and improve operational efficiency [2][10]. Group 1: Merger Details - The merger involves Hengli Refining absorbing Hengli Chemical, with Hengli Refining continuing operations and Hengli Chemical being legally dissolved [5]. - The merger is not classified as a related party transaction or a major asset restructuring under relevant regulations, thus does not require shareholder approval [2][10]. - The merger is set to be effective as of July 31, 2025 [6]. Group 2: Financial Information - As of December 31, 2024, Hengli Refining had total assets of 113.47 billion RMB, total liabilities of 80.23 billion RMB, and net assets of 33.24 billion RMB, with an annual revenue of 226.97 billion RMB and a net profit of 1.98 billion RMB [4]. - Hengli Chemical, as of the same date, had total assets of 70.58 billion RMB, total liabilities of 60.49 billion RMB, and net assets of 1.01 billion RMB, with an annual revenue of 42.11 billion RMB and a net profit of 236.91 million RMB [4]. Group 3: Impact of the Merger - The merger is expected to enhance the company's management structure, improve operational efficiency, optimize resource allocation, and reduce management costs, thereby promoting quality and efficiency improvements [9]. - The financial statements of both subsidiaries are already included in the company's consolidated financial statements, indicating that the merger will not significantly impact the company's normal operations, financial status, or results [9].

Core Viewpoint - The company has decided to deregister its subsidiary, Hunan Kaimete Special Gas Co., Ltd., to optimize its management structure and improve operational efficiency [1][2]. Group 1: Deregistration Overview - The sixth board meeting and the sixth supervisory board meeting were held on April 23, 2025, where the decision to deregister the subsidiary was approved [1]. - The deregistration process was completed on August 8, 2025, as confirmed by the registration notice from the Yueyang Market Supervision Administration [1]. Group 2: Impact of Deregistration - The deregistration aligns with the company's overall business strategy and is expected to reduce management and operational costs while enhancing organizational structure and management efficiency [2]. - The deregistration will not result in significant changes to the company's consolidated financial statements and will not adversely affect the company's business development or profitability [2].

Core Viewpoint - Ningbo Hengshuai Co., Ltd. plans to absorb and merge its wholly-owned subsidiary, Ningbo Tongning Automotive Electronics Co., Ltd., to optimize management structure, improve operational efficiency, and reduce management costs [1][2][5] Group 1: Merger Details - The merger will result in the legal status of Tongning Electronics being canceled, with all its business, assets, debts, and rights being inherited by the company [1][5] - The implementation subject of the fundraising project for "New Energy Vehicle Micro-Motor and Thermal Management System, Intelligent Perception Cleaning System Components Production Base Construction Project" will change from Tongning Electronics to the company itself, while investment amounts and purposes remain unchanged [1][7] Group 2: Financial Overview of Tongning Electronics - Tongning Electronics has a registered capital of 210 million yuan and was established on December 27, 2019 [2][3] - As of March 31, 2025, Tongning Electronics reported total assets of approximately 178.49 million yuan and owner’s equity of approximately 177.28 million yuan [4] Group 3: Fundraising and Investment Projects - The company raised a net amount of approximately 374.95 million yuan from its initial public offering, with a total investment of approximately 652.23 million yuan allocated to various projects [5][6][7] - The fundraising projects include the production base construction for new energy vehicle micro-motors and thermal management systems, with the total investment amounting to approximately 65.22 million yuan [7] Group 4: Strategic Implications - The merger is expected to enhance the company's management structure, operational efficiency, and cost management, aligning with the company's strategic development goals [8][9] - The financial statements of Tongning Electronics are already included in the company's consolidated financial statements, indicating that the merger will not materially affect the company's financial status [8][9]