Announcement Regarding Company's Inclusion in EU Sanctions List
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are not aware of any false representations, misleading statements, or material omissions.
I. Overview of the Event
Xinxiang Richful Luyuan New Material Co., Ltd. (hereinafter referred to as the "Company") recently noted that the Council of the European Union adopted its latest round of sanctions against Russia on June 15, 2026, local time. According to the official documents released by the EU, the Company has been included in the EU sanctions list. The sanctions claim that the Company is "one of the largest producers and distributors of lubricant additives in China, and supplies chemical additives for Russian military machinery lubricants. Therefore, the Company is an entity that provides support to the Russian military-industrial complex."
II. Explanation of the Event
The Company is primarily engaged in the research, development, production, and sales of fine chemical products such as oil additives and carbonless copy paper colorants. The Company's industry is the chemical raw materials and chemical products manufacturing industry, and its products are fine chemical products. The main products are lubricant additives and carbonless copy paper colorants. The lubricant additive products produced by the Company are used in civilian fields such as automotive engine lubricants (including natural gas engine lubricants), industrial lubricants, and marine engine oils.