Quzhou Beidouxing Chemical New Materials Co., Ltd.

Quzhou Beidouxing Chemical New Materials Co., Ltd. was established in December 2015 as a Sino-Japanese joint venture funded by Quzhou Nankang Chemical Co., Ltd. and Japan's Stella Chemica Corporation (STELLACHEMIFACORPORATION). The company is located in the Quzhou National High-tech Industrial Development Zone (No. 17 Nianhua Road, Kecheng District), covering over 16,000 square meters and employing more than 60 people.

The company acquired 100% of Jiangxi Zhongfu Chemical Co., Ltd., expanding its anhydrous hydrogen fluoride production capacity to 25,000 tons.

The subsidiary Beidouxing's 2,600-ton annual lithium hexafluorophosphate project Phase I, a 1,300-ton lithium hexafluorophosphate unit, was completed and entered trial production, further diversifying the company's product range.

The company upgraded its original anhydrous hydrogen fluoride production line, increasing capacity from 21,000 tons to 30,000 tons.

The company's 12,000-ton annual ammonium hydrogen fluoride project, second 3,000-ton production line, was completed and entered trial production.

The second phase of the company's 12,000-ton annual ammonium hydrogen fluoride project, a 6,000-ton production line, was completed and entered trial production.

The subsidiary Beidouxing's 2,600-ton annual lithium hexafluorophosphate project Phase II, a 1,300-ton lithium hexafluorophosphate unit, began construction.

The company initiated the application for public transfer and listing of its shares with the National Equities Exchange and Quotations.

The company completed its listing on the New Third Board, with securities code 874422.