On January 19, 2024, the launch ceremony of BASF Asahikawa Anan's low-carbon footprint solution strategic cooperation was held at Asahikawa Chemical headquarters. Jiang Ping, Chairman of Xuchuan Chemical, Ruan Kaiming, Global President of BASF Monomer Division, and Lin Tiansong, President of Anan, attended the launch ceremony. This is a milestone event in the tripartite strategic cooperation and a key measure to jointly implement the "dual carbon" goal and promote the sustainable development of the industry.

Mr. Jiang Ping, Chairman of Xuchuan Chemical, stated that Xuchuan Chemical has always regarded innovative development, green low-carbon, and sustainable development as important strategies for the company's high-quality development. The main purpose of this cooperation is also to work together to reduce carbon emissions in the value chain, accelerate the transformation of circular economy, develop more innovative low-carbon solutions, and help achieve carbon neutrality goals. We are pleased to contribute to sustainable development and look forward to further deepening our cooperative relationship in the future.

BASF is the world's largest chemical group and a Fortune 500 company. It was once named the "Most Admired Chemical Company in the World" by the American business magazine Fortune. BASF firmly believes that transitioning to non fossil materials based on biomass or waste is the key to achieving a low-carbon circular economy. Its principle of mass balance provides a fast, economical, scalable, and socially acceptable way for the transformation of a large number of products.

Anan (China) Co., Ltd. is a synthetic leather manufacturing enterprise dedicated to high-end product technology innovation and brand building. Always adhere to the concept of green and sustainable development, and focus on implementing green production actions, relying on environmentally friendly products, driving green upgrading with innovation, firmly practicing ESG, and constantly moving forward as a leader in industry green development.

As part of their commitment to sustainable development, Xuchuan Chemical, BASF, and Anan will continue to invest in research and development to further enhance their respective low-carbon footprint solutions. Strategic cooperation will also cover common marketing, promoting sustainable products and measures to customers and the wider public.