C zenith chem Group Limited ("C zenith chem") announced on November 8, 2024 that the board of directors has approved the proposed sale of 90% of the equity interest indirectly held by C zenith chem in Heihe Longjiang Chemical Co., Ltd. The sale aims to improve the overall business performance of C zenith chem, as Heihe Longjiang has performed poorly in recent years, negatively impacting the company's overall operations. This move will help the company focus resources on developing new businesses, enhance cash flow, and promote long-term stable development. Currently, C zenith chem is in discussions with an independent third party regarding the transaction plan, but no agreements have been reached on the sale. In accordance with the Hong Kong Listing Rules, if the sale is realized, it may constitute a very significant sale transaction, requiring compliance with relevant declaration, publication, communication, and shareholder approval requirements. The company will timely issue further announcements, and shareholders and potential investors should act prudently.

C zenith chem Group Limited ("C zenith chem") announced on November 8, 2024 that the board of directors has approved the proposed sale of 90% of the equity interest indirectly held by C zenith chem in Heihe Longjiang Chemical Co., Ltd. The sale aims to improve the overall business performance of C zenith chem, as Heihe Longjiang has performed poorly in recent years, negatively impacting the company's overall operations. This move will help the company focus resources on developing new businesses, enhance cash flow, and promote long-term stable development. Currently, C zenith chem is in discussions with an independent third party regarding the transaction plan, but no agreements have been reached on the sale. In accordance with the Hong Kong Listing Rules, if the sale is realized, it may constitute a very significant sale transaction, requiring compliance with relevant declaration, publication, communication, and shareholder approval requirements. The company will timely issue further announcements, and shareholders and potential investors should act prudently.