According to CoinMeta, Sinochem International announced that the company intends to purchase 100% of the equity in Nantong Xingchen Synthetic Materials Co., Ltd. held by China Landstar Corporation through the issuance of shares. On November 9, 2026, the Merger and Acquisition Review Committee of the Shanghai Stock Exchange held its 21st review meeting for the year, and the outcome was that this transaction meets the reorganization conditions and information disclosure requirements. This transaction can only be implemented after obtaining approval for registration from the China Securities Regulatory Commission.