The actual controller of Wansheng Co., Ltd. will be changed to Guo Guangchang's application for fixed growth and has been approved by the China Securities Regulatory Commission

On March 16, 2022, Wansheng Co.

It is reported that Wansheng Co.

If the agreement transfer and fixed increase are completed, the actual controller of the company will be changed from a member of Gao Xianguo's family to Guo Guangchang

The actual controller of Nanjing Iron & Steel Co.

Nangang Co.

Subscribing for this non-public offering of shares in cash will help Nanjing Iron and Steel to improve the layout of the new material industry.

After Nanjing Iron & Steel Co.

After this issuance, the company will optimize the product structure according to the corporate strategic plan, expand the continuous production capacity, enhance the competitiveness of the products, further increase the market share of the company, seize the development trend of downstream industries such as new infrastructure and new energy vehicles, and improve the company customer network

According to the announcement, Wansheng intends to invest in the construction of an "integrated production project of functional new materials with an annual output of 319,300 tons" through its wholly-owned subsidiary Shandong Wansheng New Materials Co.

Wansheng Co.

At the same time, phosphorus oxychloride is an important raw material for phosphorus-based flame retardants, and its supply is an important guarantee for the company's safe and stable production

Epoxy resin and additives are the expansion of the company in the coating additives business sector, which is the enrichment and improvement of the company's original curing agent business.

Surfactant is an extension of the company's amine auxiliaries business, based on bio-based degradability, targeting high-end consumer goods industries such as daily chemicals, washing, skin care, etc.