Shanghai Daoqin Plastics Co., Ltd.

        2019 year 7 month 31 day, Wanhua Chemical announcement 称, Wanhua Chemical group corporation has company (below/following 简称“ Wanhua Chemical ”)境 outer full lower company Wanhua Chemical （匈牙利）控股 has company acquisition 吉林市康乃尔 investment group has company （ below/following 简称“康乃尔”） and can technology has company has Chematur Technologies AB （ below/following 简称“瑞典国际 chemical industry ”）100%股权. acquisition is has conditions acquisition, acquisition 金额约 and other value 人民币925,445,229元.

        交 easy overview

        (一) acquisition basic 情况

         Wanhua Chemical group corporation has company 近期接 to outer full lower company Wanhua Chemical (匈牙利)控股 has company notice, its already formed acquisition 吉林市康乃尔 investment group has company (below/following 简称“康乃尔”) and can technology has company has Chematur Technologies AB (below/following 简称“瑞典国际 chemical industry ”)100%股权, upper 述股权 户手续 already 办理完毕.

        (二)本次股权 acquisition 无需经 company board of directors and shareholder large 会审议, 无需经政府 has 关部门 批准.

        (三)本次股权 acquisition belongs to 关联交 easy and heavy large assets heavy 组事项.

        交 easy for basic 情况

        (一)吉林市康乃尔 investment group has company

         enterprise property 质: has responsibility company

        注册: 吉林市吉林经济 technology development 区吉孤公路480号(省 chemical industry 创业孵化园 comprehensive office 室307室)

        营业 scope/range: has for outer investment

        (二)欧美 can technology has company

         enterprise property 质: has responsibility company

        注册: CHEONG TAI COMMERCIAL BILDING 66 WING LOK STREET SHEUNG WAN, 香港

        营业 scope/range: investment 控股

        交 easy basic 情况

         company 名称: Chematur Technologies AB

         enterprise property 质: corporation has company

         office 址: Baggängsvägen 43, 69146, Karlskoga

         already corporation 数: 3000股

        主营 business 情况: 瑞典国际 chemical industry main/primary from technology R&D, for outer technology can, and technology can related engineering design, technology inquiry and other, has MDI, TDI, oxidation hydrogen, material chemical industry and other related has technology.

         for outer 持股情况: 瑞典国际 chemical industry has Chematur Engineering AB100% 股权;持 has 杭州浙凯 engineering technology has company 51% 股权;持 has IBI Chematur (Engineering & Consultancy) Ltd.25% 股权.

        瑞典国际 chemical industry main/primary indicators:

         acquisition agreement main/primary inner 容

        1, agreement let

        吉林市康乃尔 investment group has company will its 直接持 has 瑞典国际 chemical industry 2250 股(股权编号: No.1-2250, full already corporation 75%), can technology has company will its 直接持 has 瑞典国际 chemical industry 750 股(股权编号: No.2251-3000, full already corporation 25%) agreement let to Wanhua Chemical (匈牙利)控股 has company.

        2, agreement 金额

         upper 述股权 转 let combined is and other value 人民币925,445,229元.

        3, agreement let 支付价款安排

        股权转 let is separation 期支付. its in 股权 户完 formed day 起10 工 as day inner 支付首期股权转 let 价款, 剩余款项 in meet/satisfy combined 同规定 conditions lower 支付.

         according to agreement, easy for 手方康乃尔需履行 below/following 义务: through adjustment 福建康乃尔 polyurethane ester

         has responsibility company structure, achieve most 终持股 ratio/proportion is: Wanhua Chemical has 80%, 康乃尔持 has 20%.

        (附: 福建康乃尔 polyurethane ester has responsibility company formed 立于2017 year 12 month 01 day, 注册 位于福建省福州市福清市江 anionic industrial in front 路口岸服务 in large 楼2楼. company 注册资本28 100 million yuan, shareholder 包括康乃尔, 福建石油 chemical industry group has responsibility company and 福州市国 has assets investment development group has company, ratio/proportion separation is 55%, 25%, 20%. currently 实际出资金额 is 0元.)

         currently 康乃尔履行 upper 述义务 涉 and di positive in 积极商谈, company will according to 进展情况 and 时履行 related 决策程序 and 信息披露义务.

         related reading

         about/regarding Wanhua Chemical

         Wanhua Chemical in 2018 year formed heavy upper 市, its currently lower 囊括 烟台万华, 宁波万华以 and 匈牙利BC company in inner more MDI production 基.

         Wanhua Chemical currently in China tool 备180 10,000 tons / year MDI production capacity, in addition, 匈牙利BC company tool 备30 10,000 tons / year production capacity. Wanhua Chemical 借此占据 full 球MDI market 份额 22.5%, China inner MDI production capacity ratio 接近60%. positive is this production capacity let Wanhua Chemical 直接跻身 full polyurethane ester production enterprise leading 位.

        MDI is 一项起源于 upper 世纪30 year Germany technology. due to combined formed complex in relatively high technology 门槛, long by and other 国家封锁. active in MDI market upper large more BASF, Covestro, 亨斯曼 and other outer enterprise is 主.

         upper 世纪90 year 代, Wanhua Chemical 开始 手 independent R&D MDI product. most 终, more 次攻关顺利 achieve 1.5 10,000 tons MDI equipment 试产. 由此打破 MDI market long 达60 year technology 封锁. rear year 间, Wanhua Chemical expand large MDI production capacity.

        2011 year, Wanhua Chemical 斥资12.6 100 million formed merger and acquisition 匈牙利BC company. from 而建立 in Europe MDI production 基.

         about/regarding 康乃尔

        2018 year 10 month 19 day, 福建康乃尔 polyurethane ester has responsibility company 40 10,000 tons ／ year MDI project 获福建省发改委核准;

        2018 year 12 month 20 day, 福建省生态 ring 境厅批复福建康乃尔 polyurethane ester has responsibility company 40 10,000 tons / year MDI project ring effect/influence report 书;

        福建康乃尔 polyurethane ester has responsibility company 80 10,000 tons / year MDI project investment 126 100 million yuan, its in 一期40 10,000 tons / year MDI project investment 66 100 million yuan, project 依托江 anionic industrial in use engineering, chlorine gas, hydrogen gas, liquid and other is raw materials, 自建硝 acid, 硝基苯, amine, MDI and other production plant/unit, to 延伸并做 strong/high polyurethane ester industry chain 目, project formed rear year sales ultra- 224 100 million yuan 人民币, year ultra- 百 100 million yuan 人民币.

        MDI is amine lower product, is types chemical industry new material, widely used in polyurethane ester, construction material, automotive and other industry, technology more year 一直处于 world 垄断 位. is 打破西方 technology 垄断, 2014 year 7 month 29 day, 康乃尔以近一 100 million USD price acquisition has 40 more world patent technology and technology 诀窍 瑞典凯美拓(Chematur Technologies AB) company, formed is world upper USA Dow, 亨斯迈, BASF, Bayer and China 万华之 rear 第六家拥 has MDI technology company.

        福建康乃尔MDI project comprehensive formed reaching capacity rear, will 进一步整 combined 康乃尔 upstream and downstream industry chain, separation utilizing 吉林市 production “白 material ” and 福建康乃尔MDI project production “黑 material ”, 推进吉林市 chemical industry raw materials toward chemical industry material 转变, chemical industry 基础材 material toward engineering material 转变, chemical industry in toward lower 游终端精 fine chemical industry product 转变, 修补完善 industry chain strip/profile, 打造吉林市 polyurethane ester industry 园区.

        该 project also will formed “ raw materials gas in supply, hot and industrial gas and other use engineering in supply, versus 互依托”, achieve industry chain 紧密衔接, 资源充 separation high utilizing, inner internal circular economy, has force 推动江 anionic chemical industry new material chemical industry industry high quality development, is 福清, 福州赶 ultra- 跨越 as 出贡献.

        福建康乃尔 polyurethane ester has responsibility company 40 10,000 tons / year MDI project

         construction 点: 福建省福州市福清市江 anionic 镇

         construction mono 位: 福建康乃尔 polyurethane ester has responsibility company

         project 概况:

        福建康乃尔 polyurethane ester has responsibility company is corporation made company, company shareholder separation is 康乃尔 chemical industrial has company, 福建石油 chemical industry group has responsibility company and 福州市国 has assets investment development group has company, corporation separation is 55%, 25%, 20%, company 注册资金贰拾捌 100 million yuan 人民币.

        本 project 厂址位于福建省福清市江 anionic semi 岛 江 anionic industrial in 区东南 electrical corporation has company 南侧.

         project separation construction, is 40 10,000 tons / year MDI plant/unit, sleeve/set construction 5.5 10,000 tons / year aldehyde (以100wt%甲 aldehyde 计), 10 10,000 tons / year ODC salt acid electrical understanding plant/unit (以100%Cl2计). 二期配 sleeve/set construction 48 10,000 tons / year 硝基苯, 36 10,000 tons / year amine, 27 10,000 tons / year acid plant/unit. project use is anionic industrial in 区规划 industrial use, 总面积566434m2, project 报批总 investment is 660184 10,000 yuan, its in investment 560458 10,000 yuan.