Hubei Zhenhua Chemical Co.Ltd(603067) : proposed to acquire 51% equity of shouneng technology, an electrolyte enterprise

Hubei Zhenhua Chemical Co.Ltd(603067) announced that the company signed the equity acquisition agreement with Lin Mingzhu on March 4, 2022, and will purchase 51% equity of shouneng technology held by Lin Mingzhu for 31.2 million yuan. The target company specializes in the production and sales of electrolyte for high-performance lithium-ion batteries. Up to now, the company has no capacity of electrolyte for lithium-ion batteries.