On September 24, 2024, Beijing Dayuan announced that it had signed an "Equity Transfer Contract" with Japan's JNC Corporation, and was expected to purchase its wholly-owned subsidiary JNC Nonwovens (Changshu) Co., Ltd. After the acquisition is completed, it is planned to be renamed as Dayuan New Material Technology (Changshu) Co., Ltd. (The name approved by the Market Supervision Administration shall prevail). The company is located in Changshu Economic and Technological Development Zone and its business scope mainly includes the production, research and development, and sales of nonwoven materials and their products.

Based on the good utilization of nonwoven production capacity, Beijing Dayuan plans to expand its new production base and capacity by purchasing JNC Nonwovens (Changshu) Co., Ltd. According to the business strategy, as well as the needs of new product development and sales expansion plan, Beijing Dayuan will fully utilize the excellent production lines and management experience of Changshu company to optimize production layout and expand business scope, in order to enhance the company's sustainable operation ability and comprehensive competitiveness.

Whether it is in communication with partners or internal management, Beijing Dayuan takes reliability as the criterion, wins the market with quality, and builds the brand with reputation. Through the acquisition of JNC Nonwovens (Changshu) Co., Ltd., Beijing Dayuan will continue to uphold this excellent tradition, actively absorb the advanced experience and management philosophy of excellent Japanese companies, integrate and innovate according to its actual situation, and work together with all partners to create a better future.

The shareholders of Beijing Dayuan are influential. Shareholders not only have industry backgrounds in energy, traditional Chinese medicine, big health industry and finance, but also have rich experience in capital operation, having invested in hundreds of projects in the semiconductor, medical, metaverse, and new energy fields. They have sharp market insights and are more confident in the future of Beijing Dayuan. Because of this strong background Beijing Dayuan was able to make decisions quickly, act quickly, communicate and negotiate quickly with JNC, and deploy the company's future development strategy in this acquisition activity.

Under the leadership of a new management team from February 2023, Beijing Dayuan has undergone corporate reform and embarked on a journey of "second undertaking, transformation and upgrading". As Peter Drucker said, "Business management ultimately returns to the human factor.” Choosing and employing the right people is a prerequisite for successful reform. Beijing Dayuan has made significant efforts to streamline and adjust its management team, ensuring that the new team members align with the company's philosophy and actions. They are willing to work passionately for the company based on its strategy.

The corporate culture of Beijing Dayuan after transformation and upgrading is "integrity, honesty, responsibility, solidarity, accountability, reflection, innovation, win-win, and building a Dayuan ecosystem full of positivity and vitality". Organizations have prospects, work is efficient, and employees have achievements. The company always regards social responsibility as its own responsibility, ensuring that every employee has a stable job and a better life, and promises to share business performance and achievements with employees. Every employee is the owner of the company and is willing to contribute to its development. The responsibility and commitment enable enterprises to quickly improve and progress.

Beijing Dayuan is well aware that technological innovation is the core driving force for enterprise development. In 2024, it established the Yangzhou R&D Center and introduced multiple pilot lines and instruments with different functions, aiming to build a comprehensive R&D system, attract more R&D talents, build a strong R&D team, and provide strong support for product innovation and business expansion. The foundation of innovation is excellent production and manufacturing capabilities. In addition to reaching an annual production capacity of 61,500 tons, Beijing Dayuan has continuously optimized its production process, reduced human intervention, established a comprehensive data analysis system, and achieved automation, cloud technology guidance, and traceability of the production process.

Running a business is like planning one's life. No matter how fierce the industry competition is, one must follow business ethics and be honest. Beijing Dayuan is committed to enriching the market with good products, giving back to customers with good reputation, and striving to become a century old enterprise with craftsmanship spirit.