Beijing Capital Grand Limited (Hong Kong SAR, China)

The company is principally engaged in the production of Phthalic anhydride (PA) and fumaric acid, which is an intermediate chemical mainly used in the industrial production of plasticizers and polyester resins. The company source raw materials, packaging materials and catalysts from local manufacturers and import companies which import raw materials from overseas markets. During the Track Record Period, the company has been able to obtain raw materials from the suppliers on terms and quality acceptable to us. OX, the Group’s major raw material, is either delivered by the suppliers by trucks to the production facilities or by ships to a pier near the production facilities and transmitted to the storage tanks in the production facilities through a designated underground pipeline linked between the pier and the production facilities.