Sinochem News recently, China Chemical issued an announcement that on December 24, the company held the seventh meeting of the fourth board of directors to review and approve the "Proposal on the Company's Asset Disposal and Related Party Transactions", agreeing that the company will directly hold an environmental protection company. 75% equity, 100% equity of Huaxu Company and 100% equity of Guohua Environmental Protection held by the wholly-owned subsidiary Sixth Construction Co., Ltd. were transferred to the controlling shareholder, China Chemical Engineering, at a transaction price of 304 million yuan.

China Chemical said that the company's environmental protection investment and operation business continued to be sluggish, with a small scale and a loss. This transaction will help to further optimize the company's asset structure and business structure, focus on the main business, and will not have a negative impact on the company's main business.