C Zenith Chem Group Limited ("C Zenith Chem") announced on November 18, 2024, after the trading session, that it has signed a strategic investment framework agreement with three companies incubated by Suzhou Chu Yi He Enterprise Management Co., Ltd.: Hubei Idong Yimei Management Co., Ltd., Hubei Daohe Industrial Development Co., Ltd., and Fafu Duo Dining Management (Peking) Co., Ltd. The agreement aims to support C Zenith Chem in developing business in accordance with the regulations of the Hong Kong capital markets and under specific conditions. The three companies will strategically invest not less than 20 million US dollars in C Zenith Chem based on market conditions and capital utilization. The investment may include subscription and issuance of notes, bonds, convertible bonds, and/or...Show More

C Zenith Chem Group Limited ("C Zenith Chem") announced on November 18, 2024, after the trading session, that it has signed a strategic investment framework agreement with three companies incubated by Suzhou Chu Yi He Enterprise Management Co., Ltd.: Hubei Idong Yimei Management Co., Ltd., Hubei Daohe Industrial Development Co., Ltd., and Fafu Duo Dining Management (Peking) Co., Ltd. The agreement aims to support C Zenith Chem in developing business in accordance with the regulations of the Hong Kong capital markets and under specific conditions. The three companies will strategically invest not less than 20 million US dollars in C Zenith Chem based on market conditions and capital utilization. The investment may include subscription and issuance of notes, bonds, convertible bonds, and/or share placements. The framework agreement is currently not legally binding, and the specific details of cooperation and investment methods will be determined after subsequent negotiations and the signing of formal agreements. C Zenith Chem is mainly engaged in the manufacturing and sales of coal-related chemical products and agricultural chemicals, while Idong Yimei focuses on the non-invasive anti-aging field, Daohe Industrial focuses on top-level health management in the healthcare industry, and Fafu Duo is a bakery and beverage brand. The board of directors stated that the strategic investment framework agreement will help the company's business development and align with the overall interests of the shareholders. Investors should note that the framework agreement may not necessarily proceed, and caution should be exercised when buying or selling shares.