On January 22, 2022, Henghe Group held the 2021 year-end summary and commendation meeting in the conference room on the first floor of the company. Chairman Yang Mengjun, Vice Chairman Hu Jiangqing and heads of various departments and subsidiaries of the company attended the meeting. The meeting was chaired by Cheng Jiajie, Executive Vice President.

First, the heads of various departments and subsidiaries reviewed the work in 2021, summarized the achievements and shortcomings in the process, and deployed the work plan for 2022. In the past 2021, there have been frequent reports of good news from all fronts of the Henghe Group: Henghe Materials, Yonghua Resin, Tianli Resin, Henghe (Nanjing), Siming Chemical and other subsidiaries have steadily improved their operating conditions, and their output value and profits have both hit record history!

Chairman Yang Mengjun fully affirmed the achievements in 2021. He believes that 2021 is the most milestone year in the company's development history, a year of great harvest and fruitful results! All departments and workshops have always adhered to the tenet of safety first, stable operation, innovation and progress, and emphasis on performance management. The overall safety and environmental protection and production operation throughout the year achieved an overall stable and controlled operation, and various performance indicators continued to improve; during the period, Henghe Group Overcoming the impact of the epidemic, the total output of petroleum resin exceeded 280,000 tons, a new high record; in particular, the 180,000-ton/year petroleum resin project was successfully completed in October 2021 and successfully put into operation at one time, indicating that Henghe already has carbon With an annual production capacity of 460,000 tons of C5C9 resin, it is currently the largest C5C9 petroleum resin manufacturer in the world in terms of production capacity. The above remarkable achievements are inseparable from the outstanding contributions of the company's technological innovation R&D team, and the dedication and hard work of all Ganga employees.

While making achievements, we must not be complacent, but must recognize the existence and deficiencies of problems. Yang Mengjun asked all employees to have a "safety first" awareness and strict safety management in their work. Strengthen the construction of talent echelon, continue to introduce outstanding employees, and do a good job in training to continuously improve the comprehensive level and professional quality of employees. Effectively strengthen the construction of enterprise informatization to achieve controllable, convenient and effective management. Everyone must continue to learn, and when encountering problems, they must draw inferences from one another, and strive for excellence.

In the new year, the company will face the impact of overcapacity, falling demand, and rising production costs. Therefore, we must adopt the general tone of making progress while maintaining stability, invest prudently, focus on the extension of the industrial chain, and focus on product differentiation and high-end development. Continue to increase the research and development of high-end petroleum resins, create more new application fields, and create a high-quality and high-reputation "Henghe" brand by optimizing processes, saving energy and reducing consumption, and improving quality.