Satellite Chemistry: The Rumor Is Untrue, Company Operations Are Normal

Securities Star news, Satellite Chemical (002648) responded to investors' concerns on the investor relations platform on October 21.

Investor:Please quickly disclose the project progress. According to some investors, Wanhua Chemical is preparing to acquire Satellite Chemical. Is the company encountering any operational difficulties? Meanwhile, there are significant fluctuations in the secondary market. The board secretary needs to clarify this.

Satellite Chemical Secretary:Dear Investor, Hello! Thank you for your inquiry. The rumor is false. The company's production and operations are normal. Thank you!

Investor:Dear Mr. Shen, I have great confidence in the future development of the company. May I ask about the progress of the company's POE film and immersion liquid cooling projects? I hope the company can actively learn from and align with companies such as Haiyou New Materials, Ningbo Color Masterbatch, Donghua Technology, Yueyang New Materials, Foster, Saiwu Technology, Minguan New Materials, Dingjide, Lianhong Xinke, and Dongfang Shenghong, and keep pace with them to become a good company that creates value for investors in the industry.

Satellite Chemistry Secretary:Dear Investor, hello! Thank you for your suggestion. The company is currently in the research and development stage of hydrocarbon-based immersion liquid cooling fluids. We will actively monitor the development trends and opportunities in this field. Please refer to our announcements for specific project progress. Our business is significantly different from the aforementioned companies. The company is committed to becoming a world-class chemical new materials technology company, continuously improving the industrial chain and enhancing its competitiveness, while focusing on providing solutions to our clients and delivering solid results to our investors. Thank you!