Major resolutions of Board of Directors’ meeting:

• The Company distributes the 2020 remuneration to directors, supervisors and managers.
• The Company distributes the 2020 year-end net profit bonus to managers.
• Business plan and capital expenditure budget for the year 2021.
• To increase the investment of USD 9,000,000 in Rudong Fuzhan Scientific Co., Ltd in order to meet the operational needs.
• To participate in capital injection of subsidiary Taichem Materials Co., Ltd.