On the afternoon of March 24, 2020, Qingdao Zhongshi Holdings Co., Ltd. (hereinafter referred to as "Shida Holdings") and Qingdao Economic and Technological Development Zone Investment Holding Group (hereinafter referred to as "Economic Control Group") signed a share transfer agreement between Shandong Shida Shenghua Chemical Group Co., Ltd. (stock abbreviation: Shida Shenghua, stock code: 603026). Shida Holdings transferred its 15% shares of Shida Shenghua to Qingdao Military-civilian Integration Development Group Co., Ltd. and Qingdao Development Zone Investment and Construction Group Co., Ltd., a state-owned enterprise directly under the Qingdao West Coast New Area, through public solicitation. The two companies hold 7.5 shares respectively. Cao Yingchang, member of the Standing Committee of the Party committee and vice president of China University of Petroleum (East China), and Zhang Jinlou, Secretary of the Party committee and chairman of the economic control group, attended the signing ceremony.
This signing is an important measure for Qingdao West Coast New area, district-owned state-owned enterprises and China University of Petroleum (East China) to promote school-local cooperation and school-enterprise cooperation, and to promote local economic and social development. it is an active practice to implement the requirements of the CPC Central Committee and the State Council on the institutional reform of enterprises affiliated to colleges and universities and optimize the ownership structure of state-controlled listed companies. It is not only conducive to the economic control group and its affiliated enterprises to make use of the capital market, speed up the layout of high-tech industries, help the new area to undertake the national strategy, but also bring new strategic opportunities for Shi Dashenghua, so that it can meet the market competition more vigorously.
Shi Dasheng Hua is a school-run enterprise of China University of Petroleum (East China), a national key university directly under the Ministry of Education. It was listed on the Shanghai Stock Exchange in 2015. As a national key high-tech enterprise, the company insists on carrying out scientific research, production, sales and service in the field of green new energy and new materials, and is committed to providing a greener and environmentally friendly living environment for mankind.