The status of the company's main competitors.

The company's main competitors include major enterprises in both international and domestic markets.

1. Major enterprises in the international market

In the international market, the company's main competitors are internationally renowned rubber additive manufacturers, mainly including Flexsys from the USA, Chemtura from the USA, Lanxess from Germany, Agrofert from the Czech Republic, and MLPC International from France. The main competitors in the international market are as follows:

(1) Flexsys

Flexsys is one of the largest rubber additive manufacturers in the world, mainly producing a variety of rubber additive products including accelerators, anti-aging agents, anti-scorching agents, and plasticizers. The main accelerator products include DPTT, MBT, MBTS, CBS, TETD, TMTD, and ZDBC.

(2) Chemtura

Chemtura was formed in 2005 by the merger of Crompton Corporation and Great Lakes Chemical Corporation in the USA. It is a major supplier of plastic additives, lubricating oil production components, and pool and spa maintenance products. Its rubber additive products mainly include accelerators and stabilizers, with main accelerator products including M and TMTD.

(3) Lanxess

Lanxess is a publicly listed company on the Frankfurt Stock Exchange in Germany and is one of the largest fine chemical product manufacturers in the world. Its main business includes the research, production, and sales of plastics, rubber, fine chemical products, and intermediates. The main rubber accelerator products include EZ and CZ.

(4) Agrofert Group

Agrofert Group is the largest chemical company in the Czech Republic and one of the largest agricultural, food, and chemical conglomerates in Central Europe. It is the second-largest fertilizer company in the EU, mainly producing titanium dioxide pigments, high-performance organic pigments, synthetic rubber, rubber additives, and synthetic resins. Its rubber additive products include accelerators, anti-aging agents, anti-scorching agents, and vulcanizing agents.

(5) MLPC International

MLPC International is a subsidiary of Arkema Group and is one of the major rubber additive manufacturers in the world. MLPC International produces and sells approximately 15,000 tons of chemical products annually, of which 75% are rubber accelerator products, and the remaining 25% are intermediates for pharmaceuticals and lubricants. Its products include accelerators TDEC, ZBEC, ZDBC, ZDEC, ZDMC, ZEPC, DPTT, TBzTD, TMTM, DPTU, ETU, and vulcanizing agent DTDM.

2. Major enterprises in the domestic market

Compared to major domestic competitors, the company has developed its own characteristics in the production of thiazole and dithiocarbamate products, making it the enterprise with the most complete variety of accelerator products in the country. The main competitors in the domestic market for the company's thiazole and sulfonamide products include Shandong Shangshun Chemical Co., Ltd., Tianjin Organic Chemical Plant No. 1, Tianjin Kemai Chemical Co., Ltd., Zhenjiang Zhenbang Chemical Co., Ltd., and Northeast Additive Chemical Co., Ltd. The main competitor for thiazole and dithiocarbamate products in the domestic market is Zhejiang Ultra-Fine Chemical Co., Ltd. A brief overview of the main competitors in the domestic market is as follows:

(1) Shandong Shangshun Chemical Co., Ltd.

Shandong Shangshun Chemical Co., Ltd. is a wholly-owned subsidiary of China Shangshun Chemical Holdings Limited, listed on the Singapore mainboard market. It is a specialized chemical company dedicated to the production of rubber additives, with main products including rubber vulcanization accelerators, anti-aging agents, anti-scorching agents, vulcanizing agents (insoluble sulfur), and pharmaceutical intermediates (fine DM), as well as rubber additive pre-dispersions (rubber masterbatches). The annual production capacity of rubber additives exceeds 70,000 tons, making it one of the larger and more complete specialized rubber additive production companies in the country.

(2) Tianjin Organic Chemical Plant No. 1

Tianjin Organic Chemical Plant No. 1 was established in 1958 and is a comprehensive organic chemical enterprise supporting the rubber, plastic, paint, and pharmaceutical industries. Its main products include rubber accelerators, ethyl acetate, and α-pinene resin, with an annual output of 25,000 tons. Its accelerator products mainly include CBS, DM, MBTS, MBS, and TMTD.

(3) Tianjin Kemai Chemical Co., Ltd.

Tianjin Kemai Chemical Co., Ltd. was established in 1998 and is a major backbone production enterprise for rubber additives globally. It has two marketing centers, Kemai (USA) and Kemai (Tianjin), and three production entities: the Kemai accelerator factory, the Lab factory, and the world's largest anti-aging agent TMQ factory. Its main products include rubber accelerators and rubber anti-aging agent TMQ, with an annual production of 50,000 tons of rubber anti-aging agent TMQ and 30,000 tons of rubber accelerators. Its rubber accelerator products mainly include M, DM, CZ, DZ, and NS.

(4) Zhenjiang Zhenbang Chemical Co., Ltd.

Zhenjiang Zhenbang Chemical Co., Ltd. is a holding subsidiary of Jiangsu Suope Group Co., Ltd. and is a specialized production enterprise focusing on the production of rubber vulcanization accelerators. Its main products include accelerators M, DM, NOBS, CZ, NS, and TMTD, with a total production capacity exceeding 20,000 tons per year.

(5) Northeast Additive Chemical Co., Ltd.

Northeast Additive Chemical Co., Ltd. was formerly known as Shenyang New Chemical Plant and Shenyang Northeast Additive General Factory, founded in 1952. It is the first specialized rubber additive production enterprise in China. It mainly produces rubber vulcanization accelerators and rubber anti-aging agents, with an accelerator production capacity of 20,000 tons per year and an anti-aging agent production capacity of 15,000 tons per year. Its rubber accelerator products mainly include CZ, NS, D, DZ, MZ, and TBSI.

(6) Zhejiang Ultra-Fine Chemical Co., Ltd.

Zhejiang Ultra-Fine Chemical Co., Ltd. is a high-tech enterprise specializing in the research and production of ultra-fine chemical materials, aluminum alcohol salt series products, and rubber accelerators. It has three companies: Zhejiang Ultra-Fine Chemical Co., Ltd., Lianyungang Lianlian Chemical Co., Ltd., and Jiangsu Lianlian Ultra-Fine Chemical Co., Ltd., as well as one provincial high-tech research and development center. Among them, Lianyungang Lianlian Chemical Co., Ltd. is a high-tech enterprise specializing in the research and production of rubber chemicals, with an annual production of 15,000 tons of rubber accelerators and 10,000 tons of various rubber chemical pre-dispersed rubber masterbatches. Its rubber accelerator products mainly include accelerators M, DM, EZ, PZ, NS, TETD, and TMTD.