About GF HYDROCOLLOID Company

Luxin Hydrophilic Colloid Marine Technology Co., Ltd. (Hong Kong Stock Exchange Limited (“Stock Exchange”) stock code 1084.HK) (the “Company”) is a world-leading R&D manufacturer of all-natural functional materials. The current main products of the Company and its subsidiaries (the “Group”) include agar and carrageenan products made from naturally farmed seaweed; konjac gum products made from naturally grown konjac; and compound products and related professional solutions that provide extended functions by compounding different colloids. The hydrophilic colloid products developed and manufactured by the Group are currently mainly used in processed foods, such as processed meat, candy, dairy products, sauces, bakery products, and pet food. In addition, with the development of functional applications, our products have also begun to be widely used in beauty and household products such as masks and air fresheners. Agarose and biochemical agar products produced through more complex processes are also the main materials for laboratory media and gene sequencing electrophoresis media. In 2020 and 2021, the Group ranked first among producers of agar products and refined and semi-refined carrageenan products in the People's Republic of China (“China”) market in terms of sales value, sales volume and related market share. Meanwhile, according to a report prepared by Frost & Sullivan in June 2022, we were the world's largest producer of agar products and refined and semi-refined carrageenan products in 2020 and 2021. As an enterprise engaged in the basic supply chain of large manufacturers, the stable supply capacity guaranteed by top production scale is one of the Group's core competencies. As of December 31, 2022, the Lvxin (Fujian) production base phase 1 to 3, the Lvqi (Fujian) production base phase 1 and 2 in Zhangzhou, Fujian Province, and the Lvbao (Quanzhou) production base in Quanzhou, Fujian Province, total design capacity: 7,265 tons of agar products per year (2021:7,065 tons), annual production of 10,355 tons of carrageenan products (2021:10,355 tons), annual production of 3,500 tons of konjac compound products (2021:1,500 tons) 300 tons (2021: 3,300 tons); Shiyan Haiyi production base design capacity: 660 tons of konjac gum products per year (2021:660 tons); PT Hongxin production site in Indonesia designed production capacity: 4,300 tons of carrageenan products per year (2021:4,300 tons); while Xiamen Sanji (Xiamen Sanji) production base has an annual production capacity: 10 tons of agarose microsphere products per year (2021: zero tons). The total design capacity is 27,390 tons (2021:27,180 tons). As of December 31, 2022: Number of product development personnel: 63 (2021:65).