Announcement on behalf of subsidiary, Taizhou Union Plastics Industry Co., Ltd. board resolution for the capital increased from earnings.

 Announcement on behalf of subsidiary,
Taizhou Union Plastics Industry Co., Ltd. board
resolution for the capital increased from earnings.

1.Date of the board of directors resolution:2022/08/03
2.Source of capital increase funds: Capital increase from earnings
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
No
4.Total monetary value of the issuance and number of shares issued (shares
 issued not including those distributed to employees if consisting in
 capital increase from earnings or capital surplus):USD20,000,000
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:NA
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:NA
7.Par value per share:NA
8.Issue price:NA
9.Number of shares subscribed for by or allocated to employees:NA
10.Number of shares publicly sold:NA
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:NA
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:NA
13.Rights and obligations of these newly issued shares:NA
14.Utilization of the funds from the capital increase:
 For future operation and development.
15.Any other matters that need to be specified:None.