Shanghai Daoqin Plastics Co., Ltd.

沧州 large published about/regarding investment construction 10 10,000 tons PC project announcement, company 第七届 board of directors 第十四次会议审议通 《 about/regarding investment construction 10 10,000 tons PC project 议案》, investment construction year 产 10 10,000 tons polycarbonate (PC) （PC） project （ below/following 简称“PC project ”）, project investment is 212286.25 10,000 yuan （约21.23 100 million ）. 占 366,766.35平方米（折 combined 约550亩）, year 产10 10,000 tons PC production plant/unit, production plant/unit, use engineering plant/unit, use system, outer engineering and other construction. project expected 2020 year 10 month formed start production.

announcement 显示, 本次投建 has 利于充 separation company in light gas series product production advantages, expand large light gas product types type. PC project construction formed rear, will formed is company new profit growth 点, has company product mono current situation, improve/increase enterprise resistant can force. day front already to 70% project investment 资金（约15 100 million left right ）银行 loan 批复, company will 统筹资金安排, combined 理确定资金支付 methods, 支付安排 and other, ensure project 顺利实施.

据 understanding, company is inner light gas method TDI production core enterprise, for light gas production has more year experience, construction light gas is raw materials rear series product has advantages, company is reinforcement in industry in comprehensive competition force and resistant can force, more year 也一直寻求 light gas interface method polycarbonate (PC) （PC） technology. large new material has responsibility company （ below/following 简称“ new material company ”）拥 has 国际先进 light gas interface method polycarbonate (PC) production technology and 政府批复 year 产10 10,000 tons polycarbonate (PC) （PC） project. company is separation light gas production experience advantages, construction policy project, increase light gas product types type, acquisition new material company 进行PC project construction.

 2019 year company through 产权交 easy in 心公开摘牌 new material company 100%股权, PC project construction front 期, formed rear, 由沧州 large 化继续 investment construction. is utilizing company light gas 点, front acquisition formed rear, company through internal assets heavy will new material company polycarbonate (PC) （PC） project 转移至沧州 large corporation has company poly separation company lower construction.

another, large day 也披露 2019 year year 报, company 2019 year achieve 营业总收入21.1 100 million, year-on-year decline 52.5%; achieve 归母净 profit 4584.3万, year-on-year decline 95.4%, drop relatively year expand large; report inner, company gross profit rate is 11.8%, year-on-year reduce 34.7 百 separation 点, rate is 1.2%, year-on-year reduce 23.0 百 separation 点.