Zhejiang Zhongli Synthetic Materials Technology Co., Ltd. was established in May 2015 and is a national high-tech enterprise. It is a subsidiary invested by Zhejiang Zhongcheng Packaging Material Co., Ltd. (002522), a listed company. The registered capital of the company is RMB 882,560,557. The company is located at No. 3000 Haitao Road, Dusonggang Town, Pinghu City, Zhejiang Province, with a total area of over 200 mu. The company mainly engages in the research, development, production, and sales of thermoplastic elastomers. Currently, there are more than 350 employees. The company adheres to the corporate spirit of "Winning by being first, excelling through mutual benefit," and has assembled a research and development team composed of highly educated individuals, primarily middle-aged and young professionals, who master the core technologies of the advanced SBC series products in the international peer group. The main products developed by the company are styrene-based thermoplastic elastomers and their modified products, which have excellent performance, good processability, recyclability, safety, and environmental friendliness. These products can be widely applied in fields such as high-grade road asphalt modification, footwear materials, communications, automobiles, construction, medical devices, etc. The company's 1.2 million ton per year thermoplastic elastomer material production project was initiated in November 2015, and the project was set up once but constructed in phases. In the future, the company will continue to increase its efforts in developing new products and exploring new applications, working together with global leading SBC peers to provide high-quality product service experiences for consumers worldwide.