About DONGGUANG CHEM Company

Dongguang Chemical Co., Ltd. (the “Company”) and its subsidiaries (the “Group”) is one of the major coal-based urea producers in the People's Republic of China (“China”). It is headquartered in Hebei Province, and has an annual urea production capacity of approximately 1.1 million tons. The Group has been operating in Hebei Province for over 40 years. The Group's predecessor, Hebei Dongguang Fertilizer Plant (“Dongguang Fertilizer”), was first established in 1970 as a local state-owned enterprise, then privatized and reorganized in July 1998. The Group has been operating in the urea industry since 2001. It is an experienced market participant in the region and has established long-term and stable relationships with customers in the industry. The Group has a long business history, can develop production technology and improve management, and improve production efficiency by improving the quantity and quality of products and reducing costs. The Group's management team has rich experience and is familiar with the history and future trends of China's urea industry. The Group's main product is urea, and the uses of urea are broadly divided into agricultural and industrial uses. Urea is commonly used as a source of nitrogen in fertilizers, and it has a wide range of industrial uses, such as the production of adhesives, coatings, plastics, and cosmetics. The Group also produces and sells urea by-products, including automotive urea solution, methanol, liquid carbon dioxide, liquefied natural gas, liquid gas and compound fertilizer. The Group has two production plants equipped with advanced production technology and in operation in Dongguang County, Cangzhou City, Hebei Province. The production process also ensures compliance with China's environmental laws and regulations, and enhances production efficiency by maximizing the quantity and quality of products while reducing costs. The Group's production facilities are located in an excellent location near Beijing, Tianjin and the Bohai Rim Economic Zone, close to major national highways, railways and major ports in North China (including Tianjin International Port and Huanghua Domestic Port). The nearby transportation network allows us to obtain coal supplies in a timely and cost-effective manner and deliver products to customers in Beijing, Tianjin, Hebei and neighboring regions (including Heilongjiang, Inner Mongolia, Jilin, and Liaoning). For more information, please visit www.dg-chemical.com.