Legal Proceedings.
−Removed: We are currently not a party to any legal or administrative
−Removed: proceedings and are not aware of any pending or threatened legal or administrative proceedings against us in all material aspects other
−Removed: than the legal proceeding disclosed below.
−Removed: We may from time to time become a party to various legal or administrative proceedings arising
−Removed: in the ordinary course of our business.
−Removed: On or about August 3, 2018, written decisions
−Removed: of administration penalty captioned Shou Guo Tu Zi Fa Gao Zi [2018] No.
+Added: We are currently not a party to
+Added: any legal or administrative proceedings and are not aware of any pending or threatened legal or administrative proceedings against us
+Added: in all material aspects other than the legal proceeding disclosed below.
+Added: We may from time to time become a party to various legal or administrative
+Added: proceedings arising in the ordinary course of our business, other than the following:
+Added: On or about August 3, 2018, written
+Added: decisions of administration penalty captioned Shou Guo Tu Zi Fa Gao Zi [2018] No.
291, Shou Guo Tu Zi Fa Gao Zi [2018] No.
−Removed: 292, Shou Guo Tu Zi Fa
−Removed: Gao Zi [2018] No.
+Added: 292, Shou Guo
+Added: Tu Zi Fa Gao Zi [2018] No.
293, Shou Guo Tu Zi Fa Gao Zi [2018] No.
294, Shou Guo Tu Zi Fa Gao Zi [2018] No.
−Removed: 295 and Shou Guo Tu Zi Fa Gao Zi [2018]
+Added: 295 and Shou Guo Tu Zi Fa
+Added: Gao Zi [2018] No.
296 (together, the “Written Decisions”) were served on Shouguang City Haoyuan Chemical Company Limited (“SCHC”)
3 unchanged sentences
contained in this annual report.
+Added: According to a Civil Mediation
+Added: Statement (No.
+Added: (2025) Lu 0783 Min Chu 2607) issued by the Shouguang People's Court of Shandong Province on March 17, 2025, Shouguang City
+Added: Haoyuan Chemical Company Limited ("SCHC"), a wholly owned subsidiary of the Company, owes the plaintiff, Shouguang Chengyu Trading
+Added: Co., Ltd., a total of RMB 226,825.44 for goods.
+Added: SCHC is also obligated to make monthly payments of RMB 50,000 to the plaintiff by the
+Added: 15th of each month, starting in April 2025, until the debt is fully paid off.
Mine Safety Disclosures.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.