CHAIRMAN'S SPEECH

With the strong support of governments at all levels and all walks of life, after more than ten years of hard work and hard work, all the people of Benli, aiming at the pain points and difficulties in the application field of the chemical intermediate industry, through independent research and development, innovative development of safe, environmentally friendly and economical synthesis The craftsmanship replaces traditional craftsmanship and successfully embarked on a green chemical production road with original characteristics.

In the future, based on the chemical intermediate industry, relying on the Three Major Technology Platforms, the Company will implement the concept of "Clean Production First, Supplemented by Terminal Treatment", transform the traditional process with the core technology independently researched and developed, continue to take the responsibility of providing cheap and good intermediates for the industry, provide customers with high-quality products and services, enhance profitability and control operational risks, and gradually develop into an internationally competitive supplier of chemical intermediates and APIs.

A Gentleman should do the foundation. Once the foundation is established, the natural law will come into being. A towering tree certainly has its corresponding root. To build an enterprise lasting centuries, its root and foundation must be consolidated first.

BENLI TECHNOLOGY will always uphold its enterprise value of Taking Honesty as the Core, consolidate the foundation of the Company’s development in a down-to-earth manner, work diligently and forge ahead, and make unremitting efforts to develop the enterprise, make employees successful, serve customers and reward the society.

I hereby would like, on behalf of all BENLI people, to express my heartfelt thanks to all sectors of society for your care and support!

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COMPANY PROFILE

ZHEJIANG BENLI TECHNOLOGY CO., LTD. is a national high-tech enterprise, focusing on the field of chemical intermediates, devoting itself to the R&D, production and sales of pharmaceutical intermediates, pesticide intermediates and new material intermediates, always insisting on taking innovation as the drive, and aiming at the pain points and difficulties existing in the application field of chemical intermediates industry, developing safe, environmentally-friendly and economical synthetic processes to replace traditional processes. It’s a professional enterprise focusing on clean production of chemical intermediate in China. The Company has strong competitive advantages in R&D and technical service capability, stable supply capability and brand influence. It has outstanding R&D capability and strong independent innovation capability, and owns many patented and non-patented technologies, including 24 invention patents and More than 10 utility model patents, and undertakes many major scientific research projects. In 2016, it was awarded honors such as the “First Prize of Science and Technology Progress in Zhejiang Province”, the “First Prize of Science and Technology Progress in China Petroleum and Chemical Industry Federation” and the “First Prize of National Innovation Cooperation Achievements in Industry-University-Research”.

The Company focuses on the research of the green process route of quinolone APIs and key intermediates, and has created technical platforms such as carbon monoxide carbonylation reaction, carbon tetrachloride Friedel-Crafts reaction and green synthesis of quinolone APIs, realized the industrialization of key intermediates such as Products 801 and 1201, and unified some productions process of quinolone APIs on one large platform through the above key intermediates, which effectively solved the industrial problems such as large consumption of toxic and harmful raw materials, large amount of "Three Wastes" and high production cost, and created conditions for large-scale, cyclic, continuous and automatic production of quinolone APIs and key intermediates.

The Company's Products 801 and 1201 have been individually or jointly applied to more than ten quinolone APIs such as Ofloxacin, Levofloxacin, Ciprofloxacin, Enrofloxacin and Norfloxacin, etc. With the extension of process substitution, they will be applied to more quinolone APIs in the future. In addition to the application of pharmaceutical intermediates, the Company has also expanded the application of Product 801 to the field of pesticide intermediates, and successfully developed new production processes of some pesticide intermediates and new material intermediates by using three major technology platforms, replacing and transforming traditional processes, and began to enter the fields of Pesticides such as fungicides, insecticides and herbicides, as well as new material photoinitiators, medicine cephalosporins, etc. The application fields of the products and technologies are gradually expanding

the Company has also expanded the application of Product 801 to the field of pesticide intermediates, and successfully developed new production processes of some pesticide intermediates and new material intermediates by using three major technology platforms, replacing and transforming traditional processes, and began to enter the fields of Pesticides such as fungicides, insecticides and herbicides, as well as new material photoinitiators, medicine cephalosporins, etc. The application fields of the products and technologies are gradually expanding