Jin Aobo acquisition and holding of Jiangsu Tianming Chemical Co., Ltd.

Recently, Shenzhen Jin'aobo Technology Co., Ltd. (stock code: 002917, hereinafter referred to as "Jin'aobo") has acquired 60% of the shares of Jiangsu Tianming Chemical Co., Ltd. (hereinafter referred to as "Tianming Chemical Company") with its own capital, becoming the controlling shareholder of Tianming Chemical Industry. The business layout of King's Opel has been extended to the explosive production field, which has effectively promoted the service integration process of King's Opel.

_Tianming Chemical Co., Ltd. is the backbone enterprise of civil explosion industry in Jiangsu Province. It has established a perfect system of production, technology, sales and service. From 2001 to 2017, Tianming Chemical Co., Ltd. was named as "contract-abiding and credit-worthy enterprise" by Jiangsu Provincial People's Government. In 2017, Tianming Chemical Co., Ltd. won the honor of "production superior unit" issued by Jiangsu Provincial Office of National Defen The title of reputation. The main business scope is civil explosives production; road transportation; boiler chemical ash remover, metal processing machinery manufacturing; carton, plastic products processing; factory product design, development; warehousing services; information consulting services; engineering blasting technical services (non-explosive operations), consulting services; mechanical and electronic information system machine. And the development of supporting equipment, intelligent equipment; chemical machinery manufacturing and installation services, chemical related technology consulting services; self-management or agency of various commodities and technologies import and export business.

_Tianming Chemical Co., Ltd. currently holds the "Production License for Explosives for Civil Use" issued by the Ministry of Industry and Information Technology of the People's Republic of China (No. 095). It has an annual explosive production capacity of 16,300 tons, containing 8,000 tons of emulsion explosives (colloidal), 7,000 tons of powdery emulsion explosives and 1,300 tons of porous granular explosives. Ammonium nitrate explosive (on-site mixed loading vehicle). At the same time, he holds the "Road Transportation Operation License" issued by Huaian Transportation Administration Office on May 6, 2016. The certificate is valid until June 30, 2020. The scope of operation is: road general cargo transportation, road dangerous cargo transportation (1 category 1, 1 category 3, 1 category 4, 1 category 5, 5 categories 1) (except for highly toxic chemicals). The acquisition is aimed at optimizing the integration of scientific research and production resources, extending the industrial chain, reflecting the scale effect, which is conducive to the industrial integration ability and comprehensive profitability of the company and further the long-term development of the company.