Haohua Technology's announcement on July 22 showed that as of the date of this announcement, all 52.81% equity of Sinochem Blue Sky held by Sinochem Group and 47.19% equity of Sinochem Blue Sky held by Sinochem Assets have been transferred and registered to the company. The delivery and transfer procedures for the underlying assets involved in this transaction have been completed, the company has legally obtained the underlying assets, and Sinochem Blue Sky has become a wholly-owned subsidiary of the company.

    As a leading fluorine chemical company in my country, Haohua Technology focuses on the fluorine chemical business with high-end fluorine materials such as fluoropolymers and fluorine-containing fine chemicals as its core. It has obvious advantages in scientific and technological innovation and strong comprehensive competitiveness. Sinochem Blue Sky, the target of this transaction, is mainly engaged in the research and development, production and sales of fluorine-containing lithium electrical materials, fluorocarbon chemicals, fluoropolymers and fluorine-containing fine chemicals. The main products include electrolytes, lithium hexafluorophosphate, R-123, R-134a, R-125, R-410a, PVDF, trifluoro series products, etc., which are widely used in many fields such as automobiles, home appliances, and new energy.

    Through this acquisition, Haohua Technology and Sinochem Blue Sky can effectively realize the resource integration of the fluorine chemical business, optimize China Sinochem's internal structure, improve asset allocation efficiency, and standardize industry competition issues in the fluorine chemical business within the system; On the other hand, there are large differences in the business products of Haohua Technology and Sinochem Blue Sky. After the acquisition, it can expand the product lines of related businesses such as refrigerants, thereby improving the layout of the existing fluorine chemical industry, complementing each other's advantages, enhancing industry competitiveness, and realizing high-quality business development. Source: Fluorine chemical industry circle