Shanghai North Bund (Group) Co., Ltd. signed the Framework Agreement for the Transfer of Shares to acquire 15% stake in Danhua Chemical Technology Co.,Ltd (SHSE:600844) from Jiangsu Danhua Group Co.,Ltd. on January 21, 2021. The North Bund Group pays cash to Danhua Group at the price agreed in this agreement as the consideration for the target shares. Under the terms of transaction, Shanghai North Bund (Group) Co., Ltd. will acquire 152.5 million shares. Upon completion, the company’s controlling shareholder will be changed to the North Bund Group, and the actual controller will be changed to the State-owned Assets Supervision of Shanghai Hongkou District Management committee. Shanghai North Bund (Group) Co., Ltd. cancelled the acquisition of the Framework Agreement for the Transfer of Shares to acquire 15% stake in Danhua Chemical Technology Co.,Ltd (SHSE:600844) from Jiangsu Danhua Group Co.,Ltd. on September 22, 2021. both parties believed that the timing and conditions of the transfer were not yet ripe and decided to terminate the transfer of shares.