Progress of the polyoxymethylene project at Kaifeng Longyu Chemical, Henan Coal Chemical Industry

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1. In May 2007, Yongmei Group first proposed the idea of establishing a polyoxymethylene production project; it sent people to Wuhan, Zhejiang and other places to conduct investigations into such projects, and prepared a proposal for the planned polyoxymethylene project. 2. On June 5, 2007, a contract was signed with Wuhuan Technology Co., Ltd. (formerly the Fourth Design Institute of the Ministry of Chemical Industry) to prepare a feasibility study report on the production of 20,000 tons of polyoxymethylene per year using the technical approach developed by Fuyi International Engineering Company; the feasibility study report was completed by the end of July. 3. On August 18, 2007, the project was approved by Kaifeng City and submitted to the Henan Provincial Development and Reform Commission for record-keeping. 4. On October 10, 2007, the provincial authorities approved the land use for the polyoxymethylene project; in November of the same year, the environmental impact assessment and safety assessment for the project with an annual production capacity of 20,000 tons were approved by the relevant departments of the provincial party committee. 5. In March 2008, a preliminary design contract was signed with Wuhuan Technology, and the preliminary design was completed in August of the same year. 6. On April 30, 2008, Yongmei Group Co., Ltd. established Kaifeng Longyu Chemical Co., Ltd. as a wholly-owned enterprise. 7. On May 6, 2008, the groundbreaking ceremony for the polyoxymethylene project was held. 8. On May 11, 2008, a contract for the licensing of proprietary technology and the purchase of proprietary core equipment was signed with **Fuyi International Engineering Company. 9. In May 2008, the contract for the feasibility study report on the second phase of production, with an annual capacity of 20,000 tons of polyoxymethylene, was finalized, and it was filed with the Provincial Development and Reform Commission. In the same year, the environmental impact assessment and safety assessment for the second phase of the project, which has an annual production capacity of 20,000 tons of polyoxymethylene, were approved by the relevant provincial departments in July and September. 10. On September 1, 2008, pile driving for the main production facility began, marking the official start of the project construction. 11. From February 19 to December 10, 2008, seven rounds of business negotiations were held with Wuhuan Technology Co., Ltd. regarding the EPC turnkey contract for the main production facility, with the intention to formally sign such a contract by the end of December. 12. On January 9, 2009, a signing ceremony was held for the EPC general contract regarding the polyoxymethylene production plant with Wuhuan Technology. 13. On February 25, 2009, the company held a ceremony to mark the start of construction of the main phase of the project aimed at producing 40,000 tons of polyoxymethylene per year, marking the entry of this polyoxymethylene project into its full-scale construction phase. 14. It is currently in the installation and debugging phase. Wish you a successful drive! ! !