Announcement of Henan Jindan Lactic Acid Technology Co., Ltd. on the commissioning of the lactide project

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and there are no false records, misleading statements or major omissions.

The lactide project of Henan Jindan Lactic Acid Technology Co., Ltd. (hereinafter referred to as the "Company") holding subsidiary Jindan Bio-New Material Co., Ltd. (hereinafter referred to as "Jindan Bio") has been commissioned recently. Up to now, the equipment has been running smoothly, the process route has been opened up, and the product quality indicators have been gradually improved. Jindan Bio will continue to optimize the production conditions of the equipment, improve the process parameters, gradually increase the production capacity, maintain the safe and stable operation of the entire system, and achieve the standards and production.

Jindan Bio's existing production equipment still needs to operate continuously and safely for a period of time before it can fully form production capacity. The current production capacity is limited, so it will have little impact on the company's operating results in 2020. Investors are requested to make rational judgments and pay attention to investment risks.

Special announcement.

Henan Jindan Lactic Acid Technology Co., Ltd.

Board of Directors November 29, 2020