Aoke Chemical Plans Share Issuance and Cash Acquisition of Suzhou Qitian Control; Trading Halted from Tomorrow

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Aoke Chemical announced on September 20 that the company is planning to acquire control of Suzhou Qitian New Materials Co., Ltd. through the issuance of shares and payment of cash, and to raise supporting funds. Trading in the company's shares will be suspended from the market open on September 21, and the transaction plan is expected to be disclosed within no more than 10 trading days. Suzhou Qitian focuses on additives for new energy battery electrolytes, with a core product portfolio covering four major series: carbonates, phosphazenes, nitriles, and new lithium salts, while also expanding into silicone materials and fine chemicals, integrating research and development, production, sales, and import and export. The announcement stated that the matter of purchasing assets through the issuance of shares and payment of cash and raising supporting funds is still in the planning stage, and the specific transaction plan is still under discussion and verification, with considerable uncertainty remaining. Investors are advised to pay attention to investment risks.

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