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Recently, Anhui Huatai Chemical Co., Ltd. (hereinafter referred to as “Huatai” or the “Company”) was listed on the main board of the Shenzhen Stock Exchange! The offering price for Huawaitai’s IPO is 10.46 yuan per share. A total of 82.97 million shares are being issued in this initial public offering, which represents 25% of the company’s total share capital following the issuance. Since its establishment, Huatai has been committed to the research, development, production, and sales of chemical products. It has grown into a comprehensive chemical enterprise that relies on basic chemical products such as synthetic ammonia, nitric acid, sulfuric acid, and hydrogen peroxide, while also focusing on the development of fine chemical products. Huatai currently possesses complete sets of chemical production equipment capable of producing 120,000 tons of ammonia, 250,000 tons of nitric acid, 600,000 tons of sulfuric acid, 150,000 tons of hydrogen peroxide, 30,000 tons of melamine, 222,000 tons of ammonium bicarbonate, 50,000 tons of formaldehyde, and 20,000 tons of melamine resin annually. Additionally, it operates a Yangtze River terminal for hazardous chemicals and general cargo, with an annual handling capacity of 630,000 tons. The company’s “New process for producing hydrogen peroxide using anthraquinone palladium catalysts” and “Comprehensive utilization project of a waste gas, waste liquid, and waste solid mixed combustion furnace” were respectively included in the lists of “Advanced Energy-Saving and Environmental Protection Technologies” and “Key Energy-Saving and Environmental Protection Retrofitting Projects” within the “Five Hundred” promotion catalog for energy conservation and environmental protection in Anhui Province’s industrial sector in 2020. After years of development, Huatai has established a provincial-level enterprise technology center and a provincial-level engineering technology research center for coal gasification and ammonia synthesis with multiple products. It has also been honored with titles such as “Enterprise with Advantages in Intellectual Property Rights”, “Outstanding Private Enterprise in Anhui Province”, “Anhui Provincial Demonstration Enterprise for Technological Innovation”, “Advanced Energy-Saving Enterprise in Anhui Province”, “Advanced Unit in Work Safety in Anhui Province”, and “Grade ** Green Factory”. Huatai will implement a technology development strategy that combines applicability with foresight. Leveraging the support of its provincial-level enterprise technology center and engineering technology research center, the company will continue to increase investment in technology research and development, enhance its products’ market adaptability, and maintain and improve its market competitiveness. In the coming years, the company will also focus on technological development. The main areas of research and development are: (1) Developing technologies related to the modernization of new coal gasification processes for ammonia synthesis, as well as downstream amino-based products and related new application fields, so as to ensure that the company’s ammonia synthesis technology remains at a leading level in the domestic industry ； (2) Achieve new breakthroughs in the research and development of new amino-based products and materials, and continue to extend the ammonia synthesis industrial chain ； (3) Fully leverage the company’s advantages in nitric acid production and its talent and technological capabilities to conduct relevant research and development for the construction of a nitro chemical industrial park, thereby enhancing the enterprise’s ability to withstand market risks ； (4) Seize the historical opportunities presented by the “Chinese Chip” initiative. Leveraging the company’s advantageous position as a producer of chemical products such as nitric acid, sulfuric acid, hydrogen peroxide, and ammonia water, we will accelerate the development and introduction of advanced production technologies tailored to the high technological requirements and performance standards of electronic chemicals. In due course, we will proceed with projects aimed at producing 20,000 tons of p-phenylenediamine annually, as well as 20,000 tons of electronic-grade hydrogen peroxide and 10,000 tons of electronic-grade ammonia water per year. Our goal is to transition our products to electronic-grade specifications within a relatively short period of time. Additionally, the company will continue to adhere to a strategy that gives equal importance to technological development and market expansion. It will integrate various elements such as technology, markets, and resources through multiple approaches, leveraging its existing locational advantages, talent and technological strengths, as well as the industrial cluster advantages of the park it is located in. The company aims to accelerate the transformation of research findings into industrial applications, promote in-depth research on basic chemical raw materials and existing chemical products, actively extend its product chain, and pursue a path of intensive and refined development, thereby continuously enhancing its core competitiveness. Guided by its overall development strategy and leveraging both internal and external advantages, the Company remains committed to expanding, strengthening, optimizing, and refining its core chemical business and products. In the future, Huarta plans to increase its investment in the development of downstream fine chemical projects, thereby further extending its product industry chain ； Based on the existing products and the heating capacity of auxiliary workshops, we will focus on developing downstream fine chemical projects that utilize our company’s current products as raw materials. This will further enhance the synergy within the production system and maximize economic benefits.