Shengyi Sci. Tech and Mitsubishi Gas Chemical Joint Announcement

Shengyi Sci. Tech and Mitsubishi Gas Chemical
Joint Announcement
March 18th, 2009

Today Shengyi Sci. Tech (Shengyi) is very glad to join Mitsubishi Gas Chemical Company Inc. (MGC) in the announcement that we will begin our joint sales and distribution of EL190T and EL230T series products in China. And as our partnership and cooperation continue to progress, the decision will be made to license and manufacture EL190T and EL230T series as well as related product as part of Shengyi product line.

MGC is a world renowned corporation that leads the industry in high-end laminate R&D and manufacturing. Shengyi and its affiliated companies are also leading China s PCB and laminate industry in areas of manufacturing, technology, marketing and R&D. After 4 years cooperative exploration, today MGC has recognized and approved of the manufacturing and marketing capabilities of Guangdong Shengyi and Suzhou Shengyi, and has signed the contract for the sales and distribution EL190T and EL230 series products.

Both parties are eager to grow this partnership, through complementing one another with the advantages each possesses, as well as resources and technology sharing. We are confident this cooperation will better prepare both parties to meet the fast growing demand of the world wide electronic and PCB industry.

Therefore, we want to officially announce that the cooperation between Shengyi and MGC is carried out on the basis of mutual complementarity and mutual benefit and there are no conflicts of interest in any areas. The purpose of cooperation is for better fulfilling our customers needs for high quality, high performance products at the same time providing them with value- adds and cost savings. We are very confident that we will achieve this goal.

We are very grateful for the continual supports of our customers in China mainland, Hong Kong, Taiwan, Japan and in other countries and regions. We will continue to uphold our promise to provide high quality products and services in return to your kind supports.

We really appreciate you taking time out of your busy schedule to join us in this announcement.

Best wishes for your good health and prosperity.

Guangdong Shengyi Sci. Tech Co., Ltd.

Suzhou Shengyi Sci. Tech Co., Ltd.

Mitsubishi Gas Chemical Company Inc.