Hengli Petrochemical Co.Ltd(600346) announced that the company plans to spin off its subsidiary Kanghui New Material Technology Co., Ltd. and realize the reorganization and listing by means of reorganization with Dalian Thermal Power Co.Ltd(600719) and Hengli Petrochemical Co.Ltd(600346) (hereinafter referred to as “this spin off”). After the spin off, the ownership structure of the company will not change, Dalian Thermal Power Co.Ltd(600719) will become the controlling shareholder of Kanghui Xincai, Hengli Petrochemical Co.Ltd(600346) will become the controlling shareholder of Dalian Thermal Power Co.Ltd(600719) . This transaction does not involve the issuance of shares by the company, nor will it lead to the change of control of the company, nor does it constitute a related party transaction of the company, nor does it constitute a major asset reorganization of the company.
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