One or more new substances are formed in a chemical change.
Chemical change - The change in which the chemical composition of molecules alters to form new substances. This change can also be termed a chemical reaction.
In chemical changes, the composition and properties of raw material or original substance change. A chemical change may also change the state of the substance as well.
For example, boiling an egg: When the egg is boiled the egg yolk and egg white change from liquid to solid and proteins in egg white breaks down and coagulate.
Therefore, the given statement is true.