Shanghai Shunho New Materials Technology Co., Ltd.

Shanghai Shunho New Materials Technology Co., Ltd. is a manufacturing company listed on the Shenzhen Stock Exchange since 2011. The company specializes in the development, production, and sales of environmentally friendly materials, focusing on low-carbon new materials and bio-healthcare. Its operations are structured around four core segments: special environment-friendly paper, printed products, industrial hemp processing, and new tobacco products. The company’s primary offerings include special anti-counterfeiting environment-friendly paper, which is utilized in various consumer goods sectors. Shunho also produces a diverse range of printed products, emphasizing customization and high-quality standards. In the industrial hemp sector, the company engages in the processing and extraction of cannabinoids, leveraging its wholly-owned subsidiary in Yunnan. Additionally, it invests in new tobacco products through its subsidiaries. Shunho maintains a competitive edge in the market through its commitment to innovation, sustainability, and adherence to industry standards, positioning itself as a leader in the eco-friendly materials sector.

1. Diversified Business Portfolio with Promising Prospects for Investee Companies In June 2025, the Company invested RMB 110 million to acquire a 19.30% equity stake in Beijing Orbit Chenguang Technology Co., Ltd. The investee company’s core business focuses on deploying computing power satellites into dawn-dusk orbits to build a space-based data center and provide computing power services to clients. Its business scope includes the manufacturing of microsatellites, scientific research and testing of microsatellites, and internet information services, among others. At the "Mapping the Starry Sky, Winning with Computing Power – Promotion Conference on Space Data Center Construction" held in Beijing on November 27, 2025, the Space Data Center Construction Planning Scheme was released. The scheme proposes the construction and operation of a centralized large-scale data center system with a power capacity exceeding gigawatt (GW) in the 700–800 km dawn-dusk orbit. Beijing Orbit Chenguang Technology Co., Ltd., the Company’s investee subsidiary, will assume the role of "construction and operation operator" for this large-scale data center system, contributing to the efficient advancement of space data center development. Beijing Orbit Chenguang Technology Co., Ltd. specializes in the construction of a mega-constellation of computing power satellites in dawn-dusk orbits, with its core technologies aligning with the global development trend of space-based computing power. In terms of energy supply, leveraging the unique characteristics of dawn-dusk orbits to achieve 24/7 solar power supply, combined with advanced gallium arsenide (GaAs) solar cells to enhance satellite power density, it effectively addresses the challenge of continuous energy supply for space-based computing power equipment. To tackle the heat dissipation pain point of high-performance computing devices, the company has developed a new type of radiation cooling plate and two-phase fluid loop technology, which radiates waste heat from equipment into the ultra-cold space environment, eliminating the reliance on cooling towers and freshwater resources required by ground-based data centers. In addition, the R&D team has achieved phased results in key areas such as massive space-ground data transmission, space environment protection, and large-scale antenna panel deployment, laying a solid technological foundation for the stable operation of computing power satellites. 2. Independent Innovation with Leading Advantages in Core Technology Patents The Company is one of the drafters of the national packaging industry standard Vacuum Metallized Paper (issued by the Ministry of Industry and Information Technology in 2008). It has also participated in drafting cross-industry group standards including General Technical Specifications for Ink-free Printed Products with Micro-nano Structural Colors and General Technical Requirements for Packaging Anti-counterfeiting. Furthermore, the Company initiated and led the drafting of the group standard Transfer Technical Requirements for Reusable UV Micro-nano Structural Materials. Maintaining leading technological and market competitive advantages in the industry, the Company has been recognized as a High-tech Enterprise for consecutive years and ranks among the key standard-setters in the sector. Years of development have enabled the Company’s products to obtain a portfolio of independent intellectual property rights, laying a solid technological foundation for its sustainable development in the industry. 3. Core Products with Green, Eco-friendly and Sustainable Advantages The Company focuses on production sustainability by integrating sustainable packaging into the transfer vacuum metallized paper's life cycle. It developed biodegradable and recyclable paper - film composite packaging products and introduced RTO waste gas treatment equipment to handle exhaust gases, reducing pollution and costs. Meanwhile, it optimizes production materials and energy consumption, promoting industry awareness of packaging sustainability and environmental protection and contributing to carbon emission reduction for a sustainable future. Currently, the Company's transfer paper products have OK Compost Industrial and OK Compost Home certifications, meeting European recyclable packaging requirements for composting and biodegradation. 4. Advantage of a Well-known Brand Since its establishment, the Company has responded to national policies, adhered to its environmental protection and health aspiration, and deepened its layout in eco-friendly new materials. With technological innovation as its core competitiveness and by providing high-quality and safe products and services, it has become a leading global manufacturer of high-end eco-friendly packaging and a well - known brand in the sector. Over the years, it has won honors like High - tech Enterprise, Shanghai Municipal Recognized Enterprise Technology Center, and Shanghai Famous Brand. 5. Advantage of Large-scale Production Through years of mergers, acquisitions and new subsidiary establishment, the Company has expanded production scale. Currently, the Company and its subsidiaries have achieved industrial chain integration, covering upstream raw material supply, R & D, manufacturing, and downstream sales. Benefiting from this integration and scale, the Company has strong bargaining power in raw material procurement and a sound supplier management system, securing a low-cost manufacturing edge. Moreover, this integration helps the Company better understand and meet end - customer needs and market trends, conduct targeted R & D to enhance competitiveness. It also facilitates the introduction of new technologies and equipment, promotes intensive operations, and reduces production costs. 6. Advantage of High-quality Products The Company highly values quality management and has obtained the Quality Management System Certification Certificate recognized by CNAS, IQNET, and IAF. It has also established and implemented a comprehensive management system covering ISO 9001, ISO 14001, ISO 45001, and FSC - COC, ensuring systematic and scientific management and good compliance credentials. This multi - system certification not only meets global market compliance requirements but also helps the Company build competitive barriers, enhance brand value through systematic management and sustainable development, and lay a solid foundation for its global layout and long - term growth. 7. Advantage of Innovative Services Guided by market demand and aiming to improve development quality and efficiency, the Company adopted a "pre-event prevention, in-event resolution, and post-event follow-up" service strategy. It deepens service system reform, consolidates fundamentals while driving innovation, improves product quality and service standards, and ensures customer trust and satisfaction. Currently, the Company formulated the Customer Complaint Management Specification, clarifying procedures and responsibilities, standardizing complaint identification and resolution. This helps respond to customer feedback rapidly, enhance satisfaction, and minimize losses. Adhering to the quality tenet of "striving to meet and exceed expectations", the Company established "2-hour feedback" and "24-hour customer response" mechanisms to resolve issues promptly. It also improves and optimizes management mechanisms, forming a PDCA closed-loop cycle to prevent problem recurrence. Through follow-up visits and satisfaction surveys, the Company analyzes potential needs, aiming to meet and surpass expectations. By smoothing feedback channels and timely responding to complaints, the Company enhances product quality and service capabilities, becoming the preferred partner for clients.