Accelerating Molecular Sieve Material Market Deployment with A New Joint Venture Between Jalon Micro-nano and CP Nano

Recently, Luoyang Jalon Micro-nano New Materials Co., Ltd. (hereinafter as Jalon Micro-nano or Jalon) and Charoen Pokphand Group (Dalian) Nano Materials Research Institute Co., Ltd. (hereinafter as CP Nano) together announce the registration of a new joint venture, named CP-Jalon High-tech Materials (Shanghai) Co., Ltd. (hereinafter CP-Jalon).

The total asset of CP-Jalon is 100 million RMB. The business range includes the development of new materials, marketing of new materials, sales of chemicals (exclude the chemicals those need to be certified), testing and developing of project and technology research, sales of new catalyst and its auxiliaries, sales of environmental specialized equipment, environmental consulting service, sales of separation and purification equipment for gas and liquid, etc. This external investment is a foresighted and wise move after prudential consideration based on Jalon’s current business and the tide of this industry, and it conforms to Jalon’s “three field strategy”, “internationalization strategy” and “the strategy of product transformation from adsorbent to catalyst”.

Mr. Li Jianbo, Chairman of Jalon, Mr. Xiebing, the shareholder of CP Nano, attended the signing ceremony of the joint venture establishment in Beijing along with the management teams and R&D teams of both companies.

Jalon will take this cooperation as the base to enlarge our advantage in the product category, production scale, and new product development and to accelerate the marketing of current products. Regarding future development, it will further stabilize and promote the influence and position of Jalon in the new material industry.