Introduction

CECEP COSTIN New Materials Group Limited ("CECEP COSTIN" or "the Company", together with its subsidiaries, "the Group", stock code: 2228HK), China's first non-woven materials company listed on the Hong Kong Stock Exchange's IPO Main Board, is a pioneer in the non-woven materials industry, committed to using advanced and innovative technology for the production of non-woven materials. The Company is China's first non-woven materials company to receive the "carbon footprint" certificate, and is a SCS Recycled Environmental Protection certified enterprise, and entitled as Fabric China Pioneer Plant of Environmentally-friendly Filtering Materials, Top 500 Enterprises of Textile and Apparel Industry, Top 10 Enterprises of Tec-textile Industry. The Company's headquarters is located in Hong Kong, its manufacturing base is located in Jinjiang city, Fujian Province. 

CECEP COSTIN's two pillar industries are the production of recycled chemical fiber using renewable materials and 3-dimension structural non-woven materials through clean manufacturing processes.

The company has two first class production lines for differential fiber, which consume 53,000 tonnes of solid plastic waste and produces 42,000 tons of functional polyester staple fiber annually. All products are made from waste PET bottles and polyester waste. The main production process includes: feeding, drying, high temperature extrusion by melting, spinning, condensing, storing, clustering, stretching, curling, relaxation heat setting, cutting and packaging. The quality of the variety of products is consistent and complete. The Company owns several technology patents in fiber development and the production of materials that are anti-UV, permanent antibacterial deodorant, antistatic, thermal with moisture-permeability, electromagnetic radiation grade etc.

CECEP COSTIN's non-woven materials segment owns 9 needle-punching production lines and 23 stitch bonding production lines from Germany, Taiwan and domestic suppliers, which combining for 170 million yards of annual production capacity. Particularly, the Group's production facility included the world's most advanced equipment in the industrial filtration material industry, including 2 Dilo needle-punching lines, 1 fiberglass production line, 1 Bruckener thermal setting line, 1 Osthoff singeing line, and 2 sets of automatic keilmann sewing lines, which combining for an annual production capacity of 21 million square meters of industrial filtration materials. The Group also has 7 production lines for finishing process including thermal setting, coating, pigment, etc with an annual treatment capacity of up to 80 million yards. The major production processes include: bale-opening, blending, carding, cross-lapping, needle-punching or stitch bonding, calendering, winding and finishing processes. The company's manufacturing processes are transitive and can be assigned for different features and physical properties, short, require little labor, and effective in energy conservation and emission reduction.