Core Viewpoint - Zhejiang Longsheng (600352) has signed a share purchase agreement with KIRI Company and the administrator to acquire 37.57% of the issued share capital of Dystar Global Holdings (Singapore) Pte. Ltd. for a consideration of USD 697 million, aiming to enhance its position as a leading global specialty chemicals service provider [1] Group 1 - The transaction does not constitute a related party transaction or a major asset restructuring, and the amount is within the board's authority, thus no shareholder meeting is required for approval [1] - The completion of the transaction is subject to relevant government filings and registrations [1] - Upon completion, Dystar will become a wholly-owned subsidiary of Zhejiang Longsheng, aligning with the company's strategic goal [1]

Core Viewpoint - Despite the impact of Trump's tariff policies on the global market, the multinational giant Lanxess Group remains confident in the long-term prospects of the Chinese economy [2] Group 1: Company Strategy and Performance - Lanxess Group's CEO Matthias Zachert emphasized that China is a crucial strategic market for the company, which has been actively participating in China's economic development for over two decades [2] - The company reported a significant increase in EBITDA for the fiscal year 2024, reaching €614 million, a 19.9% increase from €512 million in the previous year [4] - For Q1 2025, Lanxess forecasts an EBITDA growth of 25% to 35% compared to the previous year, with contributions from its extensive operations in China [4] Group 2: Investment and Market Presence - Lanxess has established a strategic presence in China with 10 subsidiaries, 8 R&D centers, and production bases, benefiting from China's open policies [2][4] - The company set up its Asia-Pacific headquarters in Shanghai in 2018 to enhance regional operations and collaboration [5] - The Asia-Pacific Application Development Center (AADC) in Shanghai, operational since 2021, plays a key role in localizing strategies and enhancing innovation capabilities [6] Group 3: Market Trends and Future Outlook - China accounts for 40% of global chemical sales, a figure expected to rise to nearly 50% by 2030, reflecting its changing role in the global chemical industry [5] - Lanxess recognizes the increasing demand for sustainable and high-tech chemical solutions in China, which presents opportunities for innovation and product upgrades [7] - The company is committed to achieving climate neutrality in production and energy use by 2040 and across the entire value chain by 2050, aligning with China's dual carbon goals [9][10]