On June 24, 2026, a delegation led by Mr. Dai Xuqiang, Secretary of the CPC Yueqing Municipal Committee, visited Zhejiang Ruizhi Holding Group Co., Ltd. (Ruizhi Group) for research and guidance. The visit aimed to gain an in-depth understanding of the development of Yueqing-born entrepreneurs' enterprises, explore cooperation, and jointly chart a blueprint for the development of their hometown. Mr. Xue Kuanliang, actual controller of Ruizhi Group, and Mr. Xue Kuanrong, Chairman and President, led the senior management team in warmly receiving the delegation.

At the meeting, Ruizhi Group detailed its development history, operating model, technological innovation, and industrial layout. Grounded in China's resource endowment, the company adheres to a dual feedstock drive of coal-based and petroleum-based raw materials, advancing the R&D and industrialization of high-end new materials in both domains in parallel, effectively breaking the overseas monopoly on feedstocks and technologies. It also highlighted the high-performance polymer-application industrial ecosystem it has built - "resources - science-and-technology innovation platform - package technology development - engineering technical services - supply-chain support - application development" - and showcased its technological development capabilities in the high-end new-materials field.

Secretary Dai Xuqiang was deeply moved by Ruizhi Group's attachment to its hometown and its care and support for local development, and he introduced the remarkable achievements Yueqing has made in economic and social development in recent years. He pointed out that Yueqing is now accelerating its industrial transformation and upgrading, continuously raising its level of opening up, steadily improving its business environment, and fostering an increasingly strong atmosphere of innovation and entrepreneurship - presenting unprecedented opportunities and broad prospects. He expressed the hope that, seizing this research visit as an opportunity, the two sides will establish a regular, close communication mechanism, jointly explore pragmatic and diversified paths and models of cooperation, bring more advanced concepts, quality projects, and development opportunities to Yueqing, and progress hand in hand with the city toward mutual benefit and win-win outcomes.

Mr. Xue Kuanliang, actual controller of Ruizhi Group, stated that Yueqing, known as the "Capital of Electrical Appliances in China," possesses a strong electrical-appliance industrial cluster and that industries across the board extensively use polymer materials such as ABS, PMMA, and the nylon series - which closely match the technologies of ZONEPIC under Ruizhi Group, including ABS, PMMA, POE, EVA, PA66, PCT, and PCTG. He proposed deeply integrating Ruizhi Group's technological accumulation and full-industry-chain upstream-and-downstream resources with Yueqing's unique "business DNA" and "fertile ground for business," and - through differentiated innovation - opening a new-materials track for Yueqing's industries. At the same time, he actively plans to jointly build an "Institute of Polymer Modification and New Materials Application" together with local government and universities/research institutes, creating an integrated "R&D + pilot scale + incubation" model that drives entrepreneurship and employment, cultivates a new-materials industrial cluster, and pushes the industry chain toward high-end upgrading.

Through this exchange, the two sides reached a high degree of consensus on deploying a new-materials track and jointly building an industrial ecosystem. Ruizhi Group will give full play to its long-accumulated full-industry-chain advantages of "technology, trade, manufacturing, service, and investment," connecting with a wide range of industries and benefiting society. Through diversified extensions from new-materials R&D to end-use applications, it will foster richer, more innovative, and closer collaboration among Yueqing's enterprises, stimulate regional economic vitality, and inject new momentum into Yueqing's high-quality development.