Transaction Overview - Guangdong Xiong Plastic Technology Group Co., Ltd. held its second extraordinary general meeting of shareholders on October 14, 2025, approving the proposal for its wholly-owned subsidiary, Guangxi Xiong Plastic Technology Development Co., Ltd., to sell part of its land use rights and buildings for a transaction price of RMB 80 million [2] - The transaction involves signing a real estate transfer agreement with Guangxi Zhongke Energy Saving Technology Co., Ltd., with the remaining payment of RMB 75 million to be made within 30 days after the completion of the property transfer registration [2] Transaction Completion Status - As of the date of this announcement, Guangxi Xiong Plastic has received the remaining transfer payment of RMB 75 million, completing the transaction for the sale of land use rights and buildings [3]

Core Viewpoint - Jiangsu Sop Chemical Co., Ltd. plans to purchase land use rights and buildings from its controlling shareholder, Jiangsu Sop (Group) Co., Ltd., for a total price of 48.64 million RMB, which is based on an assessed value of 48.64 million RMB including VAT [2][4][20]. Group 1: Transaction Overview - The transaction involves the purchase of approximately 225 acres of land and 14 buildings, with the assessed value of the assets being 48.64 million RMB [2][4]. - The transaction has been approved by the company's board of directors and requires further approval from state-owned asset regulatory authorities [2][8]. - The transaction does not constitute a major asset restructuring and does not require shareholder meeting approval [3][8]. Group 2: Asset Details - The assets include land use rights and buildings with specific certificates, with the total assessed value being 48.64 million RMB [4][11]. - The land use rights and buildings are currently in a vacant state, and the transaction is expected to enhance the company's project land reserves for future development [14][23]. Group 3: Financial Information - The assessed value of the assets is significantly higher than their book value, with an increase of 3.34 million RMB, representing a 218.91% appreciation [18]. - The land use rights have an assessed value of 42.84 million RMB, while the buildings are valued at 5.81 million RMB [20]. Group 4: Approval Process - The board meeting held on February 12, 2026, approved the transaction with a unanimous vote, and independent directors had previously reviewed the proposal [7][24]. - The transaction is subject to regulatory approval, and the final price will be confirmed by the relevant state authority [8][24]. Group 5: Impact on Company - The transaction is deemed necessary for the company's future development and will not adversely affect its financial status or cash flow [23]. - There are no anticipated changes in management or personnel related to this transaction, and it is not expected to create any new related party transactions [23][25].

Group 1 - The company Jiangsu Sop plans to purchase certain land use rights and buildings from its controlling shareholder, Jiangsu Sop (Group) Co., Ltd. [2] - The assets involved in the transaction are identified by specific certificate numbers and have been appraised at a value of 48.6419 million RMB, including value-added tax [2] - The proposed transaction price is also set at 48.6419 million RMB, which includes value-added tax [2]

Core Viewpoint - The company announced the transfer of land use rights and buildings from its wholly-owned subsidiary to Zhongke Energy for 80 million yuan, with the transaction completed but with outstanding payment risks [1] Group 1: Transaction Details - The shareholders' meeting approved the transfer on October 14, 2025, for a total of 80 million yuan [1] - The subsidiary has received a performance deposit of 5 million yuan, with the remaining 75 million yuan yet to be collected [1] - The completion of the transfer was delayed, leading to a renegotiation of payment terms, requiring Zhongke Energy to pay the remaining amount within 30 days of registration [1] Group 2: Risks and Obligations - There is a risk of default on the payment of the remaining balance due to the revised payment conditions [1]

Core Viewpoint - The company plans to transfer the land use rights and buildings of its wholly-owned subsidiary in Nanning for a transaction price of RMB 80 million, which does not constitute a major asset restructuring and does not involve related transactions [1] Group 1: Transaction Details - The transaction price for the land use rights and buildings is RMB 80 million (excluding tax) [1] - The assessed value of the assets is RMB 79.0913 million, resulting in an appraisal appreciation rate of 169.99% [1] - The proceeds from the sale will be used to supplement the company's operating capital or for other funding arrangements aligned with the company's development strategy [1] Group 2: Approval and Process - The transaction does not require approval from government authorities or other third parties [1] - The transaction is subject to approval by the company's shareholders' meeting before a formal agreement can be signed [1]