On December 11th, the signing ceremony for Dawn Polymer's acquisition of equity in Ningbo SK Synthetic Rubber Co., Ltd. (hereinafter referred to as Ningbo SK) was held in Longkou (Dawn) New Material Science and Technology Industrial Park, which marked Dawn Polymer's official entry into the ethylene propylene rubber market and a key step in its industrial layout in the elastomer field.

Sun Dahai, Standing Committee Member of the Zhenhai District Committee of Ningbo City, Zhejiang Province, Deputy Director and Deputy Secretary of the Party Working Committee of the Ningbo Petrochemical Economic and Technological Development Zone Management Committee; Cai Lianchun, President of SK Group China Investment Region; Ma Haihong, Chairman of Zhongpu Group; and Yu Xiaoning, Chairman and President of Dawn Group, attended the event. Leaders from Ningbo Petrochemical Economic and Technological Development Zone, Zhongpu Group, and SK Group, Song Huidong and Qiu Huanling, Vice Presidents of Dawn Group, Tian Hongchi, General Manager of Dawn Polymer, and relevant personnel from Dawn Group and Dawn Polymer participated in the event.

On the evening of December 10th, Dawn Polymer announced that it would acquire an 80% stake in Ningbo SK from SK Group's subsidiary, SK TechNew Investment (Hong Kong) Co., Ltd., for RMB 516 million using its own funds. This acquisition is an important step for Dawn Polymer to extend its industrial chain and enrich its product portfolio, and is expected to further consolidate its leading position in the field of elastomer materials, creating greater value for shareholders.

Established in 2012, Ningbo SK is a professional ethylene propylene diene monomer (EPDM) rubber manufacturer. This acquisition aligns with Dawn Polymer's strategic development plan, filling the company's core technology gap in elastomer polymerization and completing its full-chain layout encompassing polymerization, modification, and application. EPDM is a core raw material for the company's dynamic vulcanization platform products. Acquiring independent production capabilities will completely resolve upstream raw material supply issues, helping to enhance Dawn's overall competitiveness, industrial influence, and risk resistance in the polymer materials field.

The signing marks a new beginning, and integration and upgrading are key. Chairman Yu Xiaoning stated that the next step would be to ensure the successful integration of the Dawn and Ningbo SK teams, strengthen resource synergy, proactively align with government policy guidance, and ensure that the company's development resonates with regional strategies, contributing more to regional economic development. Continuously strengthening investment in technological research and development will not only guarantee the core usage needs of Dawn's internal thermoplastic elastomer business but also help Ningbo SK join the ranks of high-end EPDM manufacturers, enabling it to compete with leading international companies.

For over a decade, Ningbo SK has focused on EPDM production, accumulating a strong reputation and deep technological expertise within the industry through precise market positioning, superior product quality, and efficient operational management. President Cai Lianchun stated that the core businesses of Dawn Group and Ningbo SK were highly compatible, enabling them to complement and integrate the upstream and downstream industrial chains. "We firmly believe that with the professional operation and strong support of Dawn Group, Ningbo SK will undoubtedly revitalize itself, forge a broader path in the EPDM industry, achieve even greater success, and contribute significantly to the industrial development."

Currently, Ningbo Petrochemical Development Zone, as the largest chemical industrial park in China, is accelerating its construction into a world-class park, aiming for a "world-class, high-tech, and integrated" development model. Director Sun Dahai stated that this equity transfer was not only an important step in the strategic layout of both companies but also another practical achievement in deepening industrial layout, optimizing resource allocation, and stimulating market vitality. He hopes that after Dawn Polymer settles in Ningbo, it will actively leverage its advantages in technological innovation and green development to become a benchmark enterprise with leading technology, advanced products, green and low-carbon practices, low costs, and highly competitiveness.