Company Developments - The company announced plans to acquire the plastic and engineering plastic compounds division of Hwaseung Chemical Vietnam Co., Ltd. for a total purchase price of approximately $15.737 million (about 109 million RMB) [2] - This acquisition aims to advance the company's globalization strategy and enhance supply chain competitiveness through localized production in Vietnam [2] Financial Guarantees - The company provided a joint liability guarantee of up to 25 million RMB for its wholly-owned subsidiary, Anhui Bost New Materials Co., Ltd. [3] - As of the announcement date, the total amount of external guarantees accounted for 31.27% of the company's net assets [3] Restructuring Progress - The Shenzhen Stock Exchange has recently accepted the company's major asset restructuring matter involving the acquisition of Daon Titanium Industry [4] - The completion of this transaction is expected to enhance the synergy of the industrial chain and improve performance [4]

Core Viewpoint - The acquisition of the plastic and engineering plastics compound business from the South Korean chemical giant Hanwha by Shandong Dawn Polymer Materials Co., Ltd. is a strategic move to enhance the company's global presence and competitiveness in the international market [1] Group 1: Acquisition Details - The acquisition will be executed through Dawn's wholly-owned subsidiary, Dawn Polymer Materials (Singapore) Investment Co., Ltd., with a total purchase price of approximately $15.737 million [1] - The target business will be established as a new company, which will be fully owned by Dawn Polymer Materials (Singapore) Investment Co., Ltd. [1] Group 2: Strategic Implications - This acquisition aligns with the trend of key customers shifting their supply chains to regions like Vietnam, allowing the company to strengthen strategic partnerships and enhance customer loyalty [1] - Localized production will significantly reduce cross-border logistics costs, shorten product delivery times, and improve after-sales support efficiency [1] - The establishment of a production base in Vietnam will serve as a crucial hub for expanding into the Southeast Asian market, thereby enhancing the overall competitiveness of the company's products and services [1]

Core Viewpoint - The company, Shandong Dawn Polymer Materials Co., Ltd., has approved the acquisition of the plastic and engineering plastic compound business from Hwaseung Chemical Co., Ltd. and Hwaseung Vina Co., Ltd. to expand its overseas market presence and enhance its sustainable development capabilities [3][11]. Group 1: Board Meeting Details - The fifth board meeting was held on February 2, 2026, with all nine directors present, including independent directors participating via video [2]. - The meeting's procedures complied with relevant laws and regulations, ensuring its legality and effectiveness [2]. Group 2: Acquisition Agreement - The company plans to acquire the compound business by purchasing 100% of the shares of a newly established company in Vietnam, with a preliminary purchase price of $15,737,000 based on the net assets as of June 30, 2025 [3][11]. - The acquisition is subject to approval from relevant national and local authorities, and the management team is authorized to handle the necessary procedures [4][12]. Group 3: Financial and Operational Impact - The acquisition aims to align with the trend of key customers relocating their supply chains to Vietnam, enhancing local supply capabilities and strengthening strategic partnerships [26]. - The transaction is expected to positively impact the company's financial status and operational results, without harming the interests of the company or its shareholders [26]. Group 4: Additional Real Estate Acquisition - Following the completion of the transaction, the company intends to acquire additional real estate rights, including land use rights and ownership of a building, for a price of $1,300,000 [4][25].

Group 1 - The company plans to acquire the plastic and engineering plastic compound business department of Hwaseung Chemical Vietnam Co., Ltd. through its own or self-raised funds, with a tentative total purchase price of $15,737,000 [1] - The acquisition involves the establishment of a new company through the spin-off of the compound business department, with the 100% equity of the new company to be transferred to the company's wholly-owned subsidiary [1] - The final purchase price will be determined based on an audit of the target company's assets and liabilities as of the pricing benchmark date [1] Group 2 - The transaction is a significant step in the company's globalization strategy and aims to deepen its overseas layout, responding to the trend of key customers shifting their supply chains to regions like Vietnam [2] - Localized production is expected to reduce cross-border logistics costs, shorten delivery times, and enhance after-sales support efficiency, thereby strengthening the overall competitiveness of products and services [2] - The completion of this transaction is anticipated to have a positive impact on the company's financial status and operational results, with no harm to the interests of the listed company and all shareholders [2]

Core Viewpoint - The company plans to acquire the plastic and engineering plastic compound business of Hwaseung Chemical Vietnam Co., Ltd. for a total purchase price of approximately $15.737 million [1] Group 1: Acquisition Details - The acquisition involves the establishment of a new company through the spin-off of the existing compound business department by the seller [1] - The target company’s 100% equity will be transferred to the company’s wholly-owned subsidiary, Dawn Polymer Materials (Singapore) Investment Co., Ltd. [1] - Following the equity transaction, the target company intends to sign a transfer agreement for additional real estate rights with Hwaseung Polytech Co., Ltd. for a price of $1.3 million [1] Group 2: Strategic Rationale - The acquisition aims to align with the trend of key customers shifting their supply chains to regions like Vietnam [1] - The strategy focuses on localizing supply to strengthen strategic partnerships and enhance customer loyalty [1] - The move is intended to effectively respond to changes in the competitive landscape and meet customer needs for supply chain stability, responsiveness, and cost optimization [1]

Core Viewpoint - The company plans to acquire the plastic and engineering plastic compound business division of Hwaseung Chemical Vietnam Co., Ltd. for a total purchase price of approximately $15.737 million [1] Group 1: Acquisition Details - The acquisition will be executed through the establishment of a new company via a spin-off of the existing compound business division by the seller [1] - The target company's 100% equity will be transferred to the company's wholly-owned subsidiary, Dawn Polymer Materials (Singapore) Investment Co., Ltd. [1] - Following the equity transaction, the target company intends to sign a transfer agreement for additional real estate rights with Hwaseung Polytech Co., Ltd. for a price of $1.3 million, which includes 5,626 square meters of land use rights and ownership of a 942 square meter building [1] Group 2: Strategic Rationale - The implementation of this acquisition aims to align with the trend of key customers shifting their supply chains to regions like Vietnam [1] - The move is intended to enhance strategic partnerships, improve customer loyalty, and effectively respond to changes in the competitive landscape [1] - The acquisition will facilitate localized supply to meet customer demands for supply chain stability, responsiveness, and cost optimization, thereby enhancing order acquisition capabilities [1]

Group 1 - The company plans to acquire the plastic and engineering plastic compound business department of Hwaseung Chemical Vietnam Co., Ltd. to expand its overseas market and enhance its sustainable development capabilities [1] - The acquisition will involve purchasing 100% of the target company's shares, with a preliminary total purchase price set at $15.737 million, based on the net assets and business assets of the existing company's compound business department as of June 30, 2025 [1] - The final transfer price will be determined after an audit of the target company's asset and liability situation on the pricing benchmark date [1]

Group 1 - The company plans to acquire the plastic and engineering plastic compound business department of Hwaseung Chemical Vietnam Co., Ltd. for a tentative total purchase price of $15,737,000 [1] - The acquisition will be executed through the establishment of a new company, with 100% of its shares being transferred to the company's wholly-owned subsidiary, Dawn Polymer Materials (Singapore) Investment Co., Ltd. [1] - The final purchase price will be determined based on an audit of the target company's assets and liabilities as of the pricing benchmark date [1] Group 2 - The transaction is a significant step in the company's globalization strategy and aims to deepen its overseas presence [2] - The acquisition is intended to align with the trend of key customers shifting their supply chains to regions like Vietnam, enhancing local supply capabilities and strengthening strategic partnerships [2] - Local production is expected to reduce cross-border logistics costs, shorten delivery times, and improve after-sales support efficiency, thereby enhancing the overall competitiveness of the company's products and services [2]