TIANDE CHEMICAL (00609) announced that on December 29, 2025, the buyer, Weifang Binhai Petrochemical Co., Ltd. (an indirect wholly-owned subsidiary of the Company), the seller, Zhejiang Zhongshan Chemical Group Co., Ltd., and the target company, Weifang Zhongying Chemical Co., Ltd., entered into an equity transfer agreement. The seller agreed to sell the equity interest for sale, representing a 49% equity interest in the target company, for a consideration of RMB 88 million. Upon completion, the target company will become an indirect wholly-owned subsidiary of the Company. The target company is primarily engaged in the research and development, manufacturing, and sales of chemical products. Given the significant operational challenges facing China's manufacturing sector, the Group is committed to actively expanding its business activities and making greater efforts to enhance operational flexibility. One of the Group's top priorities is to improve operational efficiency. The Company believes that acquiring the remaining 49% equity interest in the target company is a strategic opportunity to further strengthen its position in the fine chemicals industry. Following the integration, the Company will gain full ownership of the target company to streamline decision-making processes, enhance operational efficiency, and align the target company's operations with the Group's long-term growth strategy. Through the full integration of the target company, the Group can leverage its strong capabilities, competitive business advantages, deep industry expertise, and established customer relationships to pursue additional growth opportunities. This move supports the Group's commitment to creating sustainable value for shareholders through disciplined expansion and operational excellence.