Recently, based on the company’s development plan and the consideration of the economical and intensive utilization of land elements, the company has adjusted the construction content and scale of the above-mentioned projects; for the changed project construction content, the company obtained the Gaoqing County Administrative Approval Service Bureau on August 8, 2022. The specific content of the project construction after the change is as follows:

Basic status of project filing

Project Name: Shandong Longhua New Materials Co., Ltd. 80,000 tons/year terminal amino polyether project

Project legal person: Zhang Ping

Project code: 2208-370322-89-01-130672

Project construction address: No. 289, Weigao Road, Economic Development Zone, Gaoqing County, Zibo City (in the company’s existing factory area)

Construction nature: new construction

Construction scale and content: The company’s 80,000-ton/year terminal amino polyether project covers an area of ​​60 acres. The total construction area is 22,000 square meters. The main buildings are amino-terminated polyether workshop, packaging workshop, class C warehouse, comprehensive pump room, circulating water pool, liquid ammonia tank area, ammonia water tank area, finished product tank area, initial rainwater pool, Refrigeration station, regional control room, regional power transformation and distribution room, etc., have purchased more than 300 sets of ammoniated kettles, dehydration kettles and supporting equipment, forming an annual production capacity of 80,000 tons of amino-terminated polyethers. The product amino-terminated polyether and the by-product 10% ammonia water are not classified as hazardous chemicals.

Project start date: 2022

Project completion date: 2023

The total investment of the project: 600 million yuan. The source of funds is self-owned or self-raised funds. If the source of funds needs to be changed in the future, the corresponding approval procedures must be performed according to regulations.