According to the Zhitong Finance APP, Sailun group (601058.SH) announced that on September 23, 2024, the company held the eighteenth meeting of the sixth board of directors, approved the proposal for the merger of wholly-owned subsidiaries, and agreed that the wholly-owned subsidiary of the company, Qingdao Sailun Tire Co., Ltd. (referred to as "Sailun Dongjiakou"), will absorb and merge with Qingdao Sailun New Materials Co., Ltd. (referred to as "Sailun New Materials").

After the merger, the business, assets, liabilities, and all other rights and obligations of Sailun New Materials will be inherited by Sailun Dongjiakou. The entity responsible for implementing the "Dongjiakou New Materials Project" of the company "Qingdao Dongjiakou Annual Production of 0.5 million tons of functional new materials (Phase I of 0.2 million tons)" will be changed from Sailun New Materials to Sailun Dongjiakou. The construction content and investment amount of the project remain unchanged.