600346.SH announced that its subsidiary, Kanghui New Materials Technology Co., Ltd. ("Kanghui New Materials"), will be reorganized and listed through restructuring with Dalian Thermal Power (600719.SH). After the completion of the split, the company's ownership structure will not change, Dalian Thermal Power will become the controlling shareholder of Kanghui New Materials, and Hengli Petrochemical will become the controlling shareholder of Dalian Thermal Power.

On April 14, 2022, Hengli Petrochemical and its subsidiary Jiangsu Hengli Chemical Fiber Co., Ltd. ("Hengli Chemical Fiber") signed a "significant Asset restructuring intention Agreement" with Dalian Thermal Power and Dalian Thermal Power Group Co., Ltd. ("Thermal Power Group"). The company intends to sell 100% of Kanghui Xinliao directly and indirectly to Dalian Thermal Power Company. Dalian Thermal Power plans to purchase 100% of the shares of Kanghui New Materials held by Hengli Petrochemical and Hengli Chemical Fiber by issuing shares. The agreement signed this time is only an intentional agreement, and the specific transaction plan and terms are subject to the formal transaction agreement finally signed.

The split will not lead to the loss of the company.To KanghuiThe control of new materials will not affect other businesses of the company.板The continuous operation of the company has a substantial impact, and will not damage the company's independent listing status and sustainable profitability.力。