August 31, 2022, TYHOO successfully completed the phased delivery of BASF Zhanjiang Verbund site project (hereinafter as the Project), contracted by world leading EPC company FLUOR, contributing to the full construction of the project and the commissioning of the first unit on September 6, 2022.

With its outstanding strength in coating application filed, TYHOO has become one of the few qualified coating suppliers of FLUOR in China, and has actively participated in the construction of the project. Yulong Tyhoo Pipe Coating Co., Ltd. (located in Wuxi, Jiangsu Province), a subsidiary of TYHOO, cooperated fully with all parties, has overcame all difficulties and making every effort to eliminate the impact of the epidemic, and provided high quality external coating for 14" to 96" fittings and 20" to 42" pipes for the project, which and was highly praised by BASF, inspectors and the constructor. TYHOO will live up to the customer's expectations, make further efforts, continue to complete the tasks undertaken in batches and on schedule, and contribute to the project construction.

Participating in the project and guarantee the delivery under heavy difficulties is a significant victory for TYHOO in capturing the international market, further demonstrating extraordinary technical strength and production capacity of TYHOO, marking another further development and enhancement of TYHOO in the coating field. Mr. John Fang, President& CEO of TYHOO, said, TYHOO will continue to innovate and forge ahead under the leadership of the excellent professional team, and reward domestic and international customers with professional technical services and high standard product quality.

German chemical giant BASF invested 10 billion euros in Zhanjiang City, Guangdong Province to build an integrated base, which will become BASF's third largest integration base in the world after completion. The first units of the project officially start construction in 2020 and are scheduled to be completed in 2030. September 6, 2022, BASF Zhanjiang Verbund site project held a ceremony in Zhanjiang City, Guangdong Province for the full construction and commissioning of the first unit. Mr. Han Zheng, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the ceremony and announced the start of the full construction of the project and the commissioning of the first unit.