Jiangnan Chemical disclosed on the evening of September 22 that the company plans to purchase assets. The type of industry to be purchased is non-metallic mining industry. The company will purchase relevant assets in cash. The transaction amount is expected to be 200 million to 500 million yuan. The stock was suspended from the opening on September 25 (Monday).

According to the company, the transaction is expected to meet the standards set out in the “Stock Exchange Listing Rules of Shenzhen Stock Exchange”. The financial advisors and other intermediaries of this transaction have not yet been determined. In view of the uncertainties in the matter, in order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company's stock price, the company applied for stock suspension, the company expects to determine the above matters and apply for resumption of trading within no more than ten trading days.