Kane shares introduction

Zhejiang Kane Special Materials Co., Ltd., formerly known as Zhejiang Kane Paper Co., Ltd., was established with the approval of Zhejiang Securities Regulatory Commission in documentNo. 12 in 2005. Zhejiang Provincial People's Government 1997 156 was jointly established by Zhejiang Suichang Kane Group Co., Ltd. (now renamed Kane Group Co., Ltd.), Zhejiang Suichang Kane Group Co., Ltd. Trade Union, Suichang County Electric Power Industry Bureau, Lishui Asset Restructuring Trust Co., Ltd. and Zhejiang Limin Chemical Plant. On June 8, 2004, the company was approved to issue 30,000,000 A shares of RMB common stock, which was listed on Shenzhen Stock Exchange on July 5, 2004.