Two Foreign Auto Parts Manufacturers Fined 35.4 Billion Won by South Korea Regulators for Bid Rigging

Recently, Rongsheng Petrochemical Co., Ltd. (002493.SZ) announced that, based on strategic focus considerations, its wholly-owned subsidiary Rongsheng New Materials (Zhoushan) Co., Ltd. (referred to as "Rongsheng New Materials (Zhoushan)") intends to transfer 100% of its equity in Rongsheng Energy (Zhoushan) Co., Ltd. (referred to as "Rongsheng Energy (Zhoushan)") to Zhejiang Rongsheng Holding Group Co., Ltd. (referred to as "Rongsheng Holding"). Upon the completion of this transaction, Rongsheng New Materials (Zhoushan) will no longer hold any equity in Rongsheng Energy (Zhoushan), and Rongsheng Energy (Zhoushan) will no longer be included in the company's consolidated financial statements.

On December 2, 2025, Kuraray's Elastomer Division announced that it will increase the transaction prices of the following elastomer products produced at the Kashima plant in Japan. This price increase will take effect from January 1, 2026 (or as stipulated by existing supply agreements). All SEPTON™, HYBRAR™, and TU-Polymer products produced at the Kashima plant will see an increase of $1/kg (approximately RMB 7,070/ton).

December 9th,Li AutoAnnounced that its intelligent cockpit platform has successfully passed the European CEN 17240:2024 Next Generation Emergency Call System (NG-eCall) standard testing and has been certified by the Luxembourg Ministry of Transport. This testing was conducted byQuectel Wireless SolutionsProvide support for the project by supplying automotive-grade 5G modules and the NG-eCall QuecOpen solution, enabling the transmission of multi-dimensional information such as voice and video.Li AutoBeing among the first automotive companies globally to pass this certification signifies its entry into the international leading ranks in the field of intelligent safety.

At 3:40 AM on December 8, with the successful production of qualified EVA resin particles, the Lianhong Gerun 200,000 tons/year EVA plant has completed the entire process and achieved a successful one-time feed startup. The Lianhong Gerun 200,000 tons/year EVA plant utilizes LyondellBasell's LUPOTECH TS tubular reactor technology to produce 200,000 tons of ethylene-vinyl acetate copolymer resin particles annually. The operational flexibility ranges from 70% to 110%, with 13 product grades. The products are mainly used in injection molding products, medical devices, pharmaceuticals and food packaging, agricultural films, and photovoltaic materials.

Recently, Bohai Chemical announced that the company is planning to sell 100% of Bohai Petrochemical's equity and acquire control of Teda New Materials through the issuance of shares and cash payment (hereinafter referred to as "this transaction"). Preliminary calculations indicate that this transaction is expected to constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." This transaction will not result in a change of the company's actual controller and does not constitute a backdoor listing. According to the "Shanghai Stock Exchange Stock Listing Rules" and other relevant regulations, this transaction constitutes a related party transaction. As this transaction is still in the planning stage and related matters are uncertain, in order to protect the interests of investors and avoid abnormal fluctuations in the stock price, in accordance with relevant regulations of the Shanghai Stock Exchange, the company has applied for a suspension of trading. The company's stock will be suspended from trading starting from December 8, 2025, with the suspension expected to last no more than 10 trading days.