Factory established in Gaoyou Town — Yangzhou Princechem Chemical Co., Ltd.

QHSE system established

Recognized as a National High-Tech Enterprise

QA management system implemented

Became a subsidiary of Jiangsu Lianhuan Pharmaceutical Group

Acquired 10% stake in Inner Mongolia Saintchem Chemical Co., Ltd.

* Mergered with Anqing Sanxi Chemical Co., Ltd.
* Princechem (Anqing) Pharmatech established

* Built a 2,200 m² R&D center
* Acquired stake in Jiangsu Steric Chemical Co., Ltd.

* Build a 2200 square meter research and development center
* 16% equity participation in Jiangsu Stryker Chemical Co., Ltd.

* Equity integration completed
* Implemented employee stock ownership
* Full ownership of Princechem(Anqing) and Jiangsu Steric
* Princechem(Anqing) 1,885-ton project commissioned

* Commenced construction of Yangzhou Princechem headquarters and CXO project
* Launched Princechem(Huai’an) catalyst and electrolyte project

* Started Princechem (Anqing) 850-ton distillation/solvent recovery project
* launched Jiangsu Steric amine catalyst, polyether, and pharmaceutical excipient projects
* Princechem (Anqing) 2,175-ton project completed and trial-produced