<b>Major policies and company events related to polyurethane</b>

1. Major policies

In order to thoroughly implement the "Outline" of the "14th Five-Year Plan" and the "Outline of Strategic Planning for Expansion of Domestic Demand (2022-2035)", recently, the National Development and Reform Commission issued the "Expansion of the "14th Five-Year Plan" Domestic Demand Strategy Implementation Plan (hereinafter referred to as the "Implementation Plan"), the "Implementation Plan" aims at the main factors restricting the expansion of domestic demand, and focuses on the main objectives of implementing the strategy of expanding domestic demand during the "14th Five-Year Plan" period, and clarifies key tasks and important measures.

The "Implementation Plan" further refines relevant policy measures for the work that can be implemented or achieved significant progress during the "14th Five-Year Plan" period. The first is to comprehensively promote consumption and accelerate consumption upgrading. The second is to optimize the investment structure and expand investment space. The third is to promote the coordinated development of urban and rural areas and release the potential of domestic demand. The fourth is to improve the quality of supply and drive demand to be better realized. The fifth is to improve the modern market and circulation system, and promote the organic connection between production and demand. The sixth is to deepen reform and opening up and enhance the driving force for the development of domestic demand. Seventh, solidly promote common prosperity and foster the development potential of domestic demand. The eighth is to improve security assurance capabilities and consolidate the foundation for the development of domestic demand.

Second, industry events

1, Wanhua Chemical

In order to help realize the double carbon target, Wanhua started from the perspective of raw materials and relied on the advantages of the entire polyurethane industry chain to launch a high-efficiency flame-retardant solution for continuous sheets, with technical advantages of safety, energy saving, environmental protection, and durability , to provide customers with integrated services from products to technical support, improve the energy saving of the building itself and the carbon reduction capacity of the building insulation system, and add green momentum to building energy consumption.

Based on raw materials and relying on an advanced R&D platform, Wanhua has launched a glass fiber reinforced polyurethane pultrusion composite solution with excellent performance such as low energy consumption, realizing sustainable energy conservation and emission reduction for multiple fields. Empowerment. The profile uses polyurethane as the matrix and glass fiber as the reinforcing material, and is produced through advanced injection pultrusion technology. It can be widely used in energy and electricity, automotive materials, agricultural and animal husbandry building materials, rail transit and other fields. Especially in the "subtlety" of energy-saving doors and windows, photovoltaic frames, wind power girders, etc., glass fiber reinforced polyurethane pultrusion composites are constantly injecting "low-carbon and burden-reducing" kinetic energy.

2, Yi Nuowei

The company's application for public offering of shares to unspecified qualified investors and listing on the Beijing Stock Exchange has been completed at the tenth meeting of the third board of directors, the second extraordinary general meeting of shareholders in 2021, the third Approved at the twelfth meeting of the Board of Directors. According to the resolution of the second extraordinary general meeting of shareholders in 2021, the validity period of the company's public offering and listing plan and the authorization of the board of directors to handle the specific matters of this offering and listing is twelve months from the date of deliberation and approval by the general meeting of shareholders.

During the reporting period, the company expects to achieve a net profit of 180 million to 200 million yuan in 2022, a decrease of -25.97% to -17.74% from the same period last year, mainly due to macroeconomic, industry factors and 2022 Affected by the domestic new crown pneumonia epidemic, the company's sales volume and operating income were lower than the same period last year.

Source of content: Exclusive release by Tiantian Chemical Network