Jilin Connell’s Aniline Industrial Chain Operated by China Risun in Full Motion

(Hong Kong, 2 April 2024) – China Risun Group Limited (“China Risun”, or the “Group”, stock code: 1907.HK), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, has announced that Phase I with capacity reaching 150,000 tonnes of the aniline plant operated by China Risun’s Jilin Connell Group (“Jilin Connell”) put out high-quality MDI-grade aniline at one go, marking a smooth start of operation and resumption of production a month earlier than originally planned. That was the second 150,000-tonne aniline facility to resume production following that of the 1500,000-tonne Phase II facility which resumed production on 28 October 2023, meaning Jilin Connell was able to have two aniline facilities of total output 300,000 tonnes resuming production within half a year. As such, the Company now has an entire aniline industrial in full motion.

China Risun and Connell Group are working together because they have compatible products and synergistic industrial chains. The partnership agreement was signed on 13 October 2023 at the Jilin Municipal Government bringing in capital from Connell and for Risun Group to offer operational management service to the former’s 300,000-tonne aniline production plant. The strategic partners have since had the benefit of the highly effective and optimum operational environment, with Connell priding comprehensive aniline production lines, outstanding staffers, and Risun boasting deep industry experience, an earnest customer service system, tightly-stringed closed-looped management services, first-class energy conservation and carbon reduction technologies and complete integrated R&D capability, the cooperation was sealed after six months. And, in about half a month later, the 150,000-tonne Phase II of the plant resumed production, the first step made by Risun in deploying business in the Northeastern region. Jilin Connell has also started planning to kick off its “300,000-tonne Aniline Plant Quality and Efficiency Improvement Comprehensive Upgrading Project”, which when completed will be able to release yet more of its capacity and see its aniline product output volume topping the world, representative of yet another success of Risun in implementing its nurturing “a world champion business and industry leader” development strategy.

To date, Phase II of the aniline plant, since resuming production earlier, has been operating steadily and efficiently for six months. During the period, while meeting the needs of mainstream domestic customers, Jilin Connell has also made its foray into overseas markets capitalizing on Risun’s global marketing network. The cooperative relationship it has built with aniline companies in various countries has allowed it to distribute products worldwide and develop a potential high-growth aniline market with wider coverage and more high-end and loyal customers.

Looking forward, Jilin Connell will quickly replicate the experience from operating the Phase II aniline plant project, actively explore new development paths, and with the advantages the two sets of synergistic facilities bring, realize resource integration, optimize production, lower production costs and raise efficiency, and keep honing its strengths and pushing for improvement. The company will also conduct in-depth research of all parts, up and downstream, of its aniline industrial chain, systematically plan projects that can supplement, strengthen and extend its industrial chain, with emphasis on the core purposes, the essence of its business and growth drivers, so as to contribute to the revitalization of Northeastern China in the new era.