On the morning of August 2,2018, Jiangxi Shengyi, a wholly-owned subsidiary invested by Shengyi Technology Co., Ltd., held a grand ground-breaking ceremony in the West Harbor District of Jiujiang Economic and Technological Development Zone on the banks of the Yangtze River and the Bali Lake.

Jiangxi Shengyi will become the newest factory in Shengyi group. Combingall the knowledge, expertise and successful experience in the four subsidiariesand more than ten factory projects in Shengyi group.

 

Jiangxi Shengyi will exhibit the following - largest scale, operationaldesign, world class equipment and exceptional cost efficiencies. It willmaintain the highest level of intelligence manufacturing and technologyexploration in the group.

It must be a new paradigm inthe group and will explore a new path for the group's future development.

At the groundbreakingceremony, Mr. Liu and Mr. Luo delivered important speeches respectively.

In Mr. Liu’s speech, he congratulatedthe official start of the project on behalf of the Board of Directors. Hepointed out that Jiujiang’s superior geographical location creates favorablegeographical conditions for Jaingxi Shengyi, enabling Jiangxi Shengyi to havegreat potential to develop in the future.

Mr. Liu required personnel working on this project to work with a down-to-earthattitude and to establish a solid foundation for Jiangxi Shengyi to overcome anyfuture challenges.

Jiangxi Shengyi is rooted inJiujiang and will not only rely on the local government and people, but alsorun the company with credit, sincerity, professionalism, dedication and share thefruits of corporate growth with local government, employees and investors.

The construction unit’s representative vowed the Construction QualityDeclaration, and all leaders jointly put the shovels into the soil in congratulatoryand festive atmosphere. Hence marking the official start of Jiangxi Shengyiproject. Together, we will work hard to make Jiangxi Shengyi the youngest, mostadvanced and most energetic enterprise in the group and to become a new star inChina’s CCL industry.