On October 28, 2024, the launch of the new material integrated propylene value chain project by Chengzhi Shareholding Co., Ltd., along with the inauguration of the High-End Optical New Material Project was held in grand fashion at Nanjing Jiangbei New Materials Science and Technology Park. The event was attended by Lu Weidong, member of the Standing Committee of Nanjing Municipal Party Committee and Secretary of Party Working Committee of Jiangbei New Area, Tao Lei, member of Party Working Committee and Deputy Director of the Management Committee of Jiangbei New Area; Jiao Ji, member of Working Committee and Deputy Director of the Management Committee of Dongjiakou Economic Zone of Qingdao West Coast New Area; Long Dawei, Chairman of Chengzhi Shareholding Co., Ltd., Xu Zhibin, Vice Chairman, Wei Junmin, Director and President; as well as leaders and guests from relevant cooperation units.

Xue Kuanrong, President of Zhejiang Ruizhi Holding Group and General Manager of Zhejiang Zonepic Petrochemical Technology Co.,Ltd (ZONEPIC) led his team to the event as an invited guest.

At the event, Chengzhi Shareholding Co., Ltd. and ZONEPIC signed the Strategic Cooperation and Nanjing Chengzhi Project Technical Licensing Agreement and officially launched the Nanjing Chengzhi High-End Optical New Material Project. 

In the first phase of this project, the investment will mainly be used to construct a PMMA (polymethyl methacrylate) unit, which is scheduled to be completed and put into production in 2027. The completion of this unit will help Chengzhi Shareholding Co., Ltd. transform and upgrade itself from a comprehensive operator of basic chemical raw materials to a manufacturer of high-end new material products.

Against the backdrop of the strategic development plan of "Chengzhi Shareholding Version 2.0", this agreement is the second significant cooperation between Chengzhi Shareholding Co., Ltd. and ZONEPIC after the POE project in 2023, marking a new stage of greater comprehensiveness and depth for the cooperation between the parties.

ZONEPIC always adheres to its original intention to provide Chengzhi Shareholding with state-of-the-art process technology and maximize value. It will continue to fully support and assist the new strategic development of "Chengzhi Shareholding Version 2.0", and sincerely cooperate with customers to create a better future.