On the evening of September 29th, Qingdao Guolin Technology Group Co.,Ltd. (300786) announced that the company has signed a Framework Agreement with Yinbang Overseas Chemical Enterprise Co., Ltd. (hereinafter referred to as "Yinbang Chemical") to acquire 91.07% equity of Xinjiang Kailianji Petrochemical Co., Ltd. (hereinafter referred to as "Kailianji") through cash payment. Upon successful completion of this transaction, Qingdao Guolin Technology Group will become the controlling shareholder of Kailianji.
According to the announcement, based on the "Administrative Measures for Major Asset Restructuring of Listed Companies" and preliminary calculations, this transaction is expected to constitute a major asset restructuring. The transaction does not involve share issuance, does not constitute a related party transaction, and will not result in changes to the company's controlling shareholder and actual controller.
Regarding funding arrangements, Qingdao Guolin Technology Group plans to utilize self-owned funds combined with bank acquisition loans to finance the acquisition. Considering that this transaction will result in significant cash outflow, the company will prudently formulate funding plans while ensuring operational requirements. Meanwhile, the company's stock will not be suspended, and subsequent progress will be disclosed in a timely manner.
In terms of transaction details, Yinbang Chemical has agreed to transfer all of its 91.07% equity stake in Kailianji to Qingdao Guolin Technology Group in a single transaction. Both parties have agreed to use September 30, 2025, as the benchmark date for auditing and evaluating the target company. The pricing will be negotiated based on the target company's audited net asset value and appraised value, with the transaction price in principle not exceeding the product of the target company's audited net asset value, appraised value, and the corresponding equity ratio.
Qingdao Guolin Technology Group stated that this acquisition is an important decision based on actual operational development needs and aligns with the company's development strategy in the fine chemicals sector.
Kailianji is an enterprise specializing in maleic anhydride production. Maleic anhydride serves as an important basic organic chemical raw material, primarily used in producing nearly 100 downstream organic intermediates and specialty chemicals including glyoxylic acid, unsaturated polyester resins, fumaric acid, lubricant additives, agricultural chemicals, coatings, and heat-resistant styrene resins. The company's glyoxylic acid products use maleic anhydride as the main raw material. If this transaction is successfully completed, the company will gain control of the target company, which will become a controlling subsidiary. The target company will form an upstream and downstream industrial chain synergy with the company's existing business, creating complementary advantages and strong synergistic effects, helping the company expand its market presence. This transaction will enhance the company's operational scale and performance, improve market competitiveness, and serve the interests of the company and its shareholders.
Qingdao Guolin Technology Group is a high-tech enterprise integrating science, industry, and trade. It specializes in ozone generation mechanism research, ozone equipment design and manufacturing, ozone application engineering solution design, installation, commissioning, operation, and maintenance. The company owns an ozone equipment production base covering over 130 acres and is a leading enterprise in China's ozone industry. The company officially listed on the ChiNext board of the Shenzhen Stock Exchange on July 23, 2019, becoming the first listed company in the ozone industry. The company adheres to independent research and development of core technologies, achieving localization of core components. After more than thirty years of effort, it has successively overcome manufacturing technologies for tubular ozone generators, plate-type ozone generators, and electrolytic water ozone generators. Qingdao Guolin Technology Group has become the first domestic enterprise to break through manufacturing technologies for the complete series of ozone generators including kilogram-level, 10-kilogram-level, 100-kilogram-level, and 500-kilogram-level units. Products are widely applied in water supply, sewage treatment, wastewater treatment, flue gas denitrification, chemical oxidation, petroleum, semiconductors, medical care, agriculture, and other fields.
Recently, when investors inquired about the company's advanced ceramic products' applications in semiconductor equipment and chip manufacturing on the interactive platform, Qingdao Guolin Technology Group responded that its subsidiary Qingdao Guolin Ceramic New Materials Technology Co., Ltd. is dedicated to developing and improving precision ceramic products. Main products include high-purity ceramic gaskets, high-voltage fuses, ultrasonic cleaning transducers, piezoelectric vibration plates, needle selection plates, tire balancers, etc. These can be applied in automated material selection, transportation, and automotive sensor industries. Currently, some products are mainly used for internal supporting semiconductor industry-specific ozone system equipment.
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