Shandong Huapeng Glass Co.,Ltd. (SHSE:603021) intends to acquire Dongying Hebang Chemical Co., Ltd. from Shandong Haike Holdings Co., Ltd. on for CNY 1 billion October 9, 2022. Transaction is subject to the signing of formal agreement. As on November 23, 2022, After friendly negotiation between all parties, the issuance price of this issuance of shares and payment of cash to purchase assets is CNY 4.70/share, which is not lower than 90% of the average stock price of Shandong Huapeng Glass in the 120 trading days before the pricing benchmark date (CNY 4.70 per share), which meets the According to the relevant provisions of the "Administrative Measures for Reorganization", the final issue price still needs to be approved by the China Securities Regulatory Commission. As of December 31, 2022, Dongying Hebang Chemical reported net income CNY 151.711? million, total assets of CNY 1464.2756? million and EBIT of CNY 1463.4763 million. On March 28, 2023, the second meeting of the eighth board of directors of the listed company reviewed and approved the transaction restructuring report and related proposals. As of April 20, 2023, shareholders of Shandong Huapeng Glass Co.,Ltd. (SHSE:603021) approved the transaction.

Sinolink Securities Co., Ltd. (SHSE:600109) acted as financial advisor, Zhong Lun Law Firm acted as legal advisor and BDO China SHU LUN PAN Certified Public Accountants LLP acted as accountant to Shandong Huapeng Glass.