Will Beihua shares be reorganized?

Beihua shares will not be reorganized. According to relevant public information, on1October 27th, 2022, 165438, the secretary of the board of directors of Beihua Co., Ltd. answered investors' concerns on the investor relations platform, indicating that the company had not received any news about capital operation from the controlling shareholder. Sichuan North Nitrocellulose Co., Ltd. (hereinafter referred to as Beihua Co., Ltd.) is the largest manufacturer of nitrocellulose products in the world. Since 2004, the company's nitrocellulose production and sales scale has ranked first in the world for many years.