Gelonghui January 2 丨 Shanshan Co., Ltd. (600884.SH) announced that after consensus, all parties involved in this transaction signed the “Delivery Memorandum” on December 31, 2024. The transaction was settled at 24:00 (Korea Standard Time, UTC+7) on December 31, 2024. Each transferee has confirmed that all of the transferee's business delivery prerequisites set out in the framework agreement have been met and will continue to be in full effect on the delivery date. The parties acknowledge and confirm that all payments and settlements in the framework agreement (that is, payment and settlement of SP intellectual property transfer prices and SP intellectual property license fees, unless otherwise specified under the agreement) were completed on the date of delivery. As of December 31, 2024, the relevant subsidiaries under the company have paid a total of 1462.873 million yuan (including security deposit) to the counterparty for this transaction.
In summary, the company's related subsidiaries have completed the acquisition of LG Chem's SP business and related assets in mainland China, South Korea and Vietnam.
