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Kai Da Catalysis: Planning to sell 30 million yuan worth of equity in a wholly-owned subsidiary
Kai Da Catalysts Announcement. In order to further optimize the Company’s asset structure, integrate resource allocation, and in line with its strategic plan, the Company intends to transfer 100% of the equity it holds in Jiangxi Kai Da New Material Technology Co., Ltd. to Jiangxi Jiesen New Material Co., Ltd. at a price of RMB 30 million. After the transaction is completed, the Company will no longer hold equity in Jiangxi Kai Da, and Jiangxi Kai Da will no longer be included in the Company’s consolidated financial statement scope. This transaction does not constitute a major asset restructuring and does not constitute a related-party transaction. The proposal was deliberated and approved at the 18th meeting of the Fourth Session of the Board of Directors, with 9 votes in favor, 0 votes against, and 0 abstentions.