Our company has signed a strategic cooperation agreement with Shandong Tongda

Since December 2018, our company has been in contact with Shandong Tongda Island New Materials Co., Ltd. (hereinafter referred to as "Shandong Tongda"). After six months of joint development, Shandong Tongda has recognized the quality of our company's toluene reduced nylon fixed island short fiber, and its developed fixed island suede leather variety has been fully recognized by the market with broad market prospects.

In order to further expand and consolidate our cooperation, our company signed a strategic cooperation agreement with Shandong Tongda in July 2019. Shandong Tongda promised to purchase no less than 50 tons of products from our company every month starting from September and provide funds to assist our company in equipment renovation to improve production efficiency.

Shandong Tongda is a listed company specializing in the production of indefinite island microfiber leather products and holds an important position in the industry. The achievement of the strategic agreement with Shandong signifies that the advantages of Dingdao Fiber have been recognized by the enterprises in Wudingdao, and the market opportunity for our company's Dingdao Fiber will soon come.