On September 30, 2024, Guangxi Zhishan New Material Technology Co., Ltd. and Guilin Selona Technology Co., LTD., in consideration of the long-term development strategy of both sides, the two sides decided to work together to cooperate on the application and promotion of carboxylated cellulose nanofibers (hereinafter referred to as CNF) in nanocellulose products in the field of medical cosmetology. Both sides with excellent corporate philosophy and professionalism, in line with the "mutual benefit, mutual benefit, stability, permanence, efficiency, quality" spirit of cooperation, to form a deep strategic partnership. Through friendly negotiation, the two parties have reached the following consensus:

Purpose of cooperation

Zhishan New Materials is a leading distributor of bio-based raw materials in China, with excellent sales channels, and Celona is a high-quality nanocellulose manufacturing enterprise in China. The two sides have complementary advantages in the field of production, sales and application promotion of nanocellulose. The purpose of the cooperation between the two parties is to build a win-win and sustainable strategic cooperative partnership through close cooperation between the two sides.

Cooperation goal

Both parties believe that through this strategic cooperation, both parties can further improve the overall operating efficiency, reduce operating costs, improve the technical strength, product quality and service quality of Internet-related products, achieve the future market expansion strategy of both parties and gain market share, and create greater business value for both parties.