Han Jianheshan: Intends to Purchase 99.9978% Shares of Xingfu New Material and Add PEEK Business

Han Jianheshan (603616) disclosed its restructuring plan on February 3. The company intends to issue shares and pay cash to purchase 99.9978% of Liaoning Xingfu New Materials Co., Ltd. (Hereinafter referred to as "Xingfu New Materials"), and raise matching funds by issuing shares to no more than 35 specific investors. The price of the assets in this transaction has not yet been finalized.

Xingfu New Material focuses on the research and development, production and sales of aromatic products, and its main products include the new generation of special engineering plastics polyetheretherketone (PEEK) intermediates, pesticide and pharmaceutical intermediates and PEEK purification business. Han Jianheshan said that the company is mainly engaged in prestressed concrete cylinder pipe (PCCP) and concrete admixtures. Through this restructuring, the company will increase new revenue and profit growth points and create a second growth curve. The company's shares resumed trading on February 4.