According to the Zhitong Finance App, Transanhua Zhilian (002010.SZ) issued an announcement. The company plans to spin-off its holding subsidiary Zhejiang Chuanhua Synthetic Materials Co., Ltd. (“Transmission Synthesis”) to be listed on the Shenzhen Stock Exchange. The spin-off and listing matters to be planned this time will not cause the company to lose control over Transanhua Synthesis, will not have a substantial adverse impact on the continued operation of the company's other business segments, and will not damage the company's independent listing status and continued profitability.

According to reports, Transanhua Synthesis belongs to the company's chemical business and is mainly engaged in the production, R&D, and sales of new synthetic materials such as butadiene rubber. Its core product, rare earth butadiene rubber, has significant advantages in market demand, product performance, production process, and downstream applications, and its product production capacity is in a leading position in the country. In recent years, transchemical synthesis has achieved rapid development and achieved good business results.

According to the announcement, the spin-off and independent listing of Transanhua Synthesis will give full play to the role of the capital market in optimizing resource allocation and achieve direct connection between Transanhua Synthesis and the capital market, which will help Transanhua Synthesis expand financing channels, enhance capital strength, and achieve capital-empowering business development; at the same time, it will help optimize Transanhua Synthesis's governance structure, enhance brand influence and market competitiveness, promote the high-quality development of the company, and maximize the interests of all shareholders of the company.