On the evening of December 10th, Dawn Polymer announced its plan to acquire 80% equity of Ningbo SK Synthetic Rubber Co., Ltd. (hereinafter referred to as Ningbo SK). Upon completion of the transaction, Ningbo SK will become a holding subsidiary of Dawn Polymer, which will help the company further improve its industrial layout and expand application scenarios in the field of elastomers.

Ningbo SK was established by SK Group, South Korea's second-largest conglomerate, through its subsidiary SK Tech Investment (Hong Kong) Limited (SK Hong Kong). It focuses on the research and development and production of ethylene propylene diene monomer (EPDM) rubber. EPDM is a core raw material for Dawn Polymer's dynamic vulcanization platform products. Its different molecular structures endow these products with unique weather resistance, ozone resistance, elasticity, and flame retardancy, making it a key factor determining product performance and production costs. This acquisition fundamentally solves the upstream raw material bottleneck problem, significantly reducing the risk of dependence on imported raw materials.

 Specializing in the research and development and production of elastomers, Dawn Polymer is committed to building a green and lightweight polymer composite material platform. In terms of the industrial chain, the addition of EPDM business makes Dawn's entire "polymerization-modification-application" chain more complete. This layout not only improves the product structure, but also enhances Dawn's comprehensive value and industry influence in the field of polymer materials through technological synergy and industrial chain extension.

In addition, Dawn Polymer also disclosed an announcement regarding its overseas investment in establishing a wholly-owned subsidiary in Singapore, aiming to further expand into overseas markets, enhance sustainable development capabilities, and accelerate the realization of its globalization strategy. This overseas investment is based on the company's business development needs, which will help improve its overall business layout and medium-to-long-term strategic development plan.