Events:

The participating company Yantai Wanrun made its debut. Yantai Wanrun Fine Chemical Co., Ltd. was approved on September 28, 2011 (IPO). When Yantai Wanrun is approved by the China Securities Regulatory Commission, the company will make a separate announcement. At present, Yantai Wanrun has a total share capital of 103.36 million shares, and the company and Shandong Luyin Science and Technology Investment Co., Ltd., a holding subsidiary, hold a total of 27.472 million shares, accounting for 26.58% of its total share capital.

Comments:

Yantai Wanrun made its debut. Yantai Wanrun Fine Chemical Co., Ltd. was approved on September 28, 2011 (IPO). When Yantai Wanrun is approved by the China Securities Regulatory Commission, the company will make a separate announcement. At present, Yantai Wanrun has a total share capital of 103.36 million shares, and the company and Shandong Luyin Science and Technology Investment Co., Ltd., a holding subsidiary, hold a total of 27.472 million shares, accounting for 26.58% of its total share capital. In the first half of 2011, Yantai Wanrun realized operating income of 469 million yuan and net profit of 77.142 million yuan, an increase of 36.44% over the same period last year.

The domestic liquid crystal material leader is in the period of rapid growth. Yantai Wanrun is a new material company encouraged by the state, which is mainly engaged in liquid crystal intermediate system preparation, liquid crystal monomer synthesis and purification. Liquid crystal monomer is an important raw material for the production of mixed liquid crystals. Mixed liquid crystal is one of the key raw materials for the production of liquid crystal panel LCD. The company has grown rapidly in recent years and has formed a large scale. Yantai Wanrun sold only 12 tons of liquid crystal monomers in 2005 and 63 tons in the first half of 2010. In 2010, the company's TFT liquid crystal monomer sales accounted for more than 15% of the global market.