Joint Statement on the Adjustment of Business Acquisitions

Dear Customers:

In order to provide better service and products for both customers, hereby declare that ZHEJIANG SUN-RAIN INDUSTRIAL CO., LTD will officially acquire the vast majority of the equity of ZHEJIANG UKPACK PACKAGING CO.,LTD from now on. The purpose of this acquisition is to integrate the advantages of both parties and their respective resources, to implement and deliver more innovative products, concept design and manufacturing to the market, and to maintain the greater competitive advantage of both parties in the industry.

Upon completion of the acquisition, the existing operating models of both parties, products, clients, and market entities will remain unchanged. ZHEJIANG UKPACK PACKAGING CO., LTD will still maintain its independent operation, the only change is the adjustment of the production base (the process of the product implementation will be transferred to the powerful manufacturing base Of ZHEJIANG SUN-RAIN INDUSTRIAL CO., LTD), there will be no impact on the prices of customers and related products. We will launch more products in the field of innovative product design and high-quality manufacturing, and rely on the strong manufacturing advantages Of ZHEJIANG SUN-RAIN INDUSTRIAL CO.,LTD., achieving rapid research and development, rapid production, and fast delivery, in order to obtain more and higher customer satisfaction!