Zhejiang Chang'an Renheng Technology Co., Ltd. Announces Appointment of Chen Jianping as an Independent Non-Executive Director At the Extraordinary General Meeting Held on February 21, 2022

Zhejiang Chang’an Renheng Technology Co., Ltd. is a China-based company principally engaged in the development, production and sales of bentonite fine chemicals. The Company’s principal products include papermaking chemicals, Bentonite for metallurgy pellet, calcium-bentonite and other products. The Company is also engaged in the planning and construction of a water disposal project in Changxing of Zhejiang Province and an organic bentonite project in Yangyuan of Hebei Province. These two projects are both under construction. The Company is also involved in the wholesaling and retailing of equipment through its subsidiaries.