Company Profile of JIANGXI YONGTONG TECHNOLOGY CO., LTD.

Jiangxi Yongtong Technology Co., Ltd. was established in 2009 with a registered capital of 103.266 million yuan. It is a high-tech export enterprise integrating science, industry and trade, specializing in the production of biological raw materials, chemical raw materials, pharmaceutical intermediates and ultraviolet absorbers. With a total investment of 350 million yuan, the company has 200 employees, and the scientific and technological personnel above junior college account for 31% of the total number of employees. After years of hard work, Yongtong has achieved leapfrog development. Its headquarters is located in Ningdu, Jiangxi Province. Yongchun new chemical materials Co., Ltd., a wholly-owned subsidiary in Shaowu City, Fujian Province, mainly produces p-cyanophenol and acetophenone series products. The company has established a sound corporate governance structure and scientific enterprise management system, and successfully listed on the national small and medium-sized enterprise stock transfer system (new third board) on December 23, 2014, with the stock code of 831705, referred to as Yongtong stock. The company has passed IS09001, ISO14001 and OHSAS18001 certification. The company has established a high-quality management and technical team to actively promote strategic cooperation with universities and scientific research institutes. It has signed long-term industry university research cooperation agreements with China University of science and technology, Hefei University of technology, School of chemical engineering of Tianjin University, Hefei Branch of Chinese Academy of Sciences, Jiangxi University of Science and technology, expanding the mode of talent introduction and technology sources. The company has formed 15 major scientific and technological achievements, including 2 invention patents, 24 utility model patents and 9 invention patents. Yongtong Co., Ltd. is mainly engaged in the production of p-tert-butylbenzoic acid series products, which are an important organic synthesis intermediate, used in the production of anti ultraviolet absorber additive, polypropylene nucleating agent, heat stabilizer, etc. The company has the largest production workshop of p-tert-butylbenzoic acid series products in China, with an annual output of 5000 tons. The product p-tert-butylbenzoic acid is recognized as "Jiangxi famous brand product". In order to speed up the process of capital securitization and realize the transformation and upgrading of the company, we have planned the development goals and blueprints for the next five years: to make Jiangxi Yongtong Technology Co., Ltd. a world-class manufacturer of p-tert-butylbenzoic acid series products and biomedical products through five-year efforts and landing in Shanghai and Shenzhen Stock Exchange. Therefore, the company invested 160 million yuan to build a project with an annual output of 10 tons of polymyxin B sulfate and 10 tons of bacitracin zinc API. After the project is put into operation, the annual sales revenue can reach 300 million yuan, the annual net profit can reach 120 million yuan, the annual tax revenue can reach 50 million yuan, and nearly 100 people will be employed.