By using Risun's vertically integrated large-scale chemical industry chain, the Group has made a strategic decision to enter the new materials industry, given that new materials represent an extension of Risun's existing chemical-based portfolio. Through the combined efforts of Cangzhou Risun and Dongming Risun, the Group is focused on utilizing caprolactam as the foundation to develop PA6, PA66, and other new material industries. Concurrently, we are planning new materials projects in base located in Xingtai, Dingzhou, Yuncheng, Hohhot, Leting, and other regions, with the aim of establishing a collaborative development and expansion platform for the new materials sector across the entire Group. This strategic move will enable Risun to develop its strengths and resources more effectively, fostering innovation and growth in the new materials field.
The term "strategic decision" refers to a comprehensive, long-term, and large-scale entry into the new energy industry. As the carrier for Risun's second entrepreneurial endeavor, this decision is guided by the ambitious goal of "striving for global leadership in all Risun industries". It encompasses a comprehensive planning and layout that considers every aspect, from the selection of production sites and raw material sources to production scales, base standards, and technological innovation. With a holistic approach that integrates domestic and international perspectives, Risun remains vigilant to changes upstream and downstream within the industry, while intensifying efforts in applied research and development. Guided by market demands, Risun is committed to building a systematic and comprehensive competitive advantage, fostering global industrial and supply chains, as well as establishing a global sales and service network. Through these endeavors, Risun aims to achieve high-quality, high-efficiency, and rapid development.