Changmao Biochemical Engineering Co., Ltd. (CMBEC), established in 1992, is headquartered in Changzhou, Jiangsu. It is a unique producer of the four carbon series organic acid industry chain. Our company was listed on the Hong Kong Main Board in 2013 (00954.HK). Changmao (Dalian) New Material Co., Ltd. is a wholly-owned subsidiary invested and constructed by our Group in the Fine Chemical Industry Park of Dalian Changxing Island Economic and Technology Development Zone on December 25, 2020, with a registered capital of RMB 300 million, which covers an area of 1867 acres. We mainly engage in the production and sales of special anhydrides：THPA, HHPA, MHHPA, SUCCINCI ANHYDRIDE, SUCCINIC ACID; new feed additives, oil products, and biodegradable plastics, etc.