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The \"Work Plan for Stabilizing Growth in the Petrochemical Industry (2025–2026)\\" (hereinafter referred to as the \"Work Plan\") focuses on improving the quality and efficiency of the industry as well as optimizing its structure, providing a guide for the development of petrochemical enterprises. Guided by the goal of “promoting high-quality transformation and upgrading, and accelerating the development of an excellent Nanhua that is green, clean, high-end, and intelligent”, Nanhua Group will adhere to the “dual-wheel drive” development model involving the upgrading of its Nanjing base and the relocation-based upgrade in Gulei, Fujian. The Group will closely align with the requirements set forth in the Work Plan, thereby facilitating both its own high-quality development and the stable growth of the industry as a whole. Promoting transformation and upgrading to build new industrial advantages. In line with the requirements outlined in the “Work Plan” – namely, “strengthening industrial technological innovation, breaking through key products such as electronic chemicals, and promoting the quality improvement and upgrading of bulk products,” as well as “implementing the ‘Artificial Intelligence + Petrochemicals’ initiative to accelerate the development of smart factories” – Nanhua Company will expedite efforts to overcome technical bottlenecks related to high-end products, thereby facilitating the transition of the traditional chemical industry toward a model centered on “high-end materials and intelligent manufacturing.” First, tackle the key technologies for electronic chemicals. By fully leveraging the synergistic advantages of inorganic chemical resources and Nanjing’s semiconductor industry location, the development of the electronic chemicals industry will be advanced in phases. Summarize the pilot production experience of the 20,000 tons/year G4-grade electronic-grade sulfuric acid project in the Nanjing area, optimize process parameters, and ensure that product purity and batch stability reach industry-leading levels ； Plans are in place to build G5-grade nitric acid and hydrochloric acid testing platforms, form specialized technical teams to develop ultra-high purity purification processes, and establish Sinopec’s wet electronic chemicals production base, thereby creating an supply capacity for electronic chemicals that covers the entire semiconductor manufacturing process and enabling the company to capture a share of the high-end electronic chemical materials market. Secondly, accelerate the construction of industrial chain projects for aniline–rubber additives in Gulei, Fujian, and leverage the local advantages in raw materials and ports to establish large-scale, integrated production bases for high-end rubber additives. Once again, we will develop a matrix of scenario-based APP applications based on a 5G private network. This will enhance work efficiency and facilitate the digital monitoring of all aspects of safety management, shifting from “human-based prevention” to a combination of “human-based and technology-based prevention.” Additionally, it will accelerate the intelligent upgrading of chemical machinery, thereby promoting the evolution of the company’s production and management processes toward “lean and intelligent” practices. Promoting green development and establishing new low-carbon benchmarks: Focusing on the three key areas outlined in the \"Work Plan\" – intensifying efforts to save energy and water as well as reduce pollution and carbon emissions, carrying out pilot projects for CO₂ capture, utilization, and storage (referred to as CCUS), and developing evaluation criteria for synergistic effects in reducing pollution and carbon emissions – Nanhua Company is concentrating its research on policy support for the industrialization of CCUS, subsidies for the upgrading of energy-intensive equipment, and certification standards for green products. On one hand, the company will leverage policy benefits to further amplify the advantages of CCUS technology and accelerate its layout in the green and low-carbon industries. Establish a comprehensive industrial framework for CCUS, focusing on technological innovation and industrial collaboration to create a green and low-carbon CCUS industry ecosystem. Strengthen cooperation with CarbonTech Company to jointly establish a collaboration platform for “carbon technology research and development + pilot testing + industrialization”, focusing on optimizing the formulations and processes for CO₂ capture solvents ； Simultaneously, efforts should be made to promote the resource utilization of CO₂ by exploring ways to synthesize products such as methanol and dimethyl carbonate from it, thereby establishing a closed loop of “capture–utilization–value addition” to help achieve the “dual carbon” goals. On the other hand, the company will promote green product certification for its main products such as the antioxidant 6PPD and TMQ. It will also facilitate the attainment of green certification for products like aniline and electronic-grade sulfuric acid, thereby enhancing their competitiveness in the high-end market. Promote market expansion and sales growth to enhance international competitiveness. Relying on the policy support provided by the \"Work Plan\" for stabilizing foreign trade, it is necessary first to develop diversified channels to enter international markets. Taking advantage of the opportunities presented by the Belt and Road Initiative, Nanhua Company expands its overseas markets in a region-by-region manner. In developed markets, the company focuses on overcoming technical barriers; it won a bid for Cabot Company’s *** project in April 2025, marking the first application of amine-based desulfurization and decarbonization technology in the North American market. Going forward, it will pursue integrated services that include technology transfer and supply, aiming to establish an international brand for this technology ； In emerging markets, with a focus on the construction needs of chemical parks in Southeast Asia and Central Asia, specialized service teams have been established to provide end-to-end services for decarbonization projects. At the same time, exports of aniline and rubber additives have been increased to balance market risks through the integration of domestic and international trade. Secondly, we must establish a dual-circulation pattern wherein the domestic market ensures basic needs are met, while the international market enhances efficiency. Internally, the company develops suitable products such as electronic-grade sulfuric acid and special polyamides for emerging sectors like new energy and the low-altitude economy ； Externally, the quality standards and technical specifications of exported products are applied in reverse to domestic production. At the same time, the company utilizes foreign trade channels to introduce advanced foreign equipment and technology, thereby raising the level of automation in its domestic production lines. This creates a positive cycle of \"export-driven revenue generation – technology introduction – industrial upgrading\", further increasing the proportion of revenue from foreign trade and enhancing the company’s ability to withstand market risks.