ST Nanhua & Beihai Chengde Reorganization/ST Nanhua stock suspension from September 2, 2016, and entered a major asset reorganization process on September 9, 2016. On October 26, 2016, the company convened the 14th meeting of the sixth session of the Board of Directors, and reviewed and passed relevant proposals such as the Nanning Chemical Co., Ltd. Significant Asset Sale and Related Party Transaction Report (Draft) and on October 28, 2016. Announcement on the day. On November 23, Nanhua received the "Notification Letter on Major Asset Reorganization" of Beibu Gulf Group. The details are as follows: 1. The subject matter of the transaction The subject matter of this major asset reorganization is Beihai Chengde Nickel Industry Co., Ltd. and Beihai Chengcheng De Calendering Co., Ltd. and Beihai Chengde Stainless Steel Co., Ltd. The actual controllers of the above three companies are the State-owned Assets Supervision and Administration Commission of the People’s Government of Guangxi Zhuang Autonomous Region. 1. The subject industry of the transaction subject The subject industry of the transaction subject is the advanced manufacturing industry related to stainless steel. The three companies have a full-process stainless steel production industrial chain ranging from laterite nickel ore smelting to stainless steel wide plate finished products. Large state-owned holding company.